Oman’s FinTech market to hit RO 1.1 billion by 2025
MUSCAT: The Sultanate of Oman is on the cusp of a revolutionary change in its financial landscape, with the burgeoning FinTech market projected to reach RO 1.1 billion by 2025. This staggering...
Oman’s banking assets surge to RO 47.8 billion
MUSCAT, NOV 5The Sultanate of Oman’s banking sector has continued to demonstrate resilience and stability, with total assets projected to reach RO 47.8 billion by 2025, almost doubling from RO 25.8...
Treat in Oman: Landmark surgery marks Oman’s rise as healthcare hub
MUSCAT, NOV 4A successful 11-hour surgery at Aster Royal Al Raffah Hospital in Muscat has become a milestone for Oman’s growing healthcare sector under the ‘Treat in Oman’ initiative, which aims...
MSX jumps 8.3%, tops GCC markets in October surge
MUSCAT, NOV 3The Muscat Stock Exchange (MSX) emerged as the GCC’s top-performing market in October 2025, extending its winning streak for the fourth consecutive month with an impressive 8.3 per cent...
Oman invites global bids for key road projects
MUSCAT, NOV 2The Ministry of Transport, Communications and Information Technology (MoTCIT) has announced a major invitation for investment proposals from both local and international companies to...
Innovative dome project eyes Oman as hub for gaming and creative industries
MUSCAT: A pioneering architectural concept combining geodesic domes with digital creativity is set to make its debut in Oman, as a team of Iranian engineers behind the Hemiball initiative plan to...
Azura Beach 2 redefines coastal living at Al Mouj Muscat
MUSCAT: Al Mouj Muscat, Oman’s premier integrated tourism and lifestyle destination, has unveiled Phase Two of Azura Beach Residences, a new collection of luxury homes that continues the success of...
OIA generates RO 7.3 billion cumulative profit
MUSCAT: The Oman Investment Authority (OIA) has emerged as one of the central engines driving the Sultanate of Oman’s economic transformation, delivering solid financial performance and spearheading...
New Omani operator to manage Khasab Fishery Port
MUSCAT: Musandam Global Investment Company (MGIC) has officially launched its newest branch, MP World, signalling a significant strategic move to transform the Musandam Governorate into a premier...
Oman Cables unveils sustainability academy
Under the auspices of Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, Oman Cables Industry (SAOG) inaugurated the Global Sustainability Academy — a pioneering...
OAB drives sustainable growth through innovation and national talent
MUSCAT, OCT 22Oman Arab Bank (OAB) has reaffirmed its commitment to sustainable growth, innovation and national talent development as key pillars of its strategy, following a media briefing led by CEO...
Oman's real GDP to reach 2.9% in 2025: IMF
MUSCAT, OCT 21Oman's economy is set for a substantial upswing, with the International Monetary Fund's (IMF) October 2025 World Economic Outlook (WEO) projecting a significant acceleration in...
OQ posts $731 million net profit in H1
MUSCAT, OCT 20OQ Group, Oman's global integrated energy group, reported a resilient first half of 2025, driven by strong financial performance and a significant rise in in-country value (ICV)...
PDO’s ICV generates over $4.3 billion impact
JOMAR MENDOZAMUSCAT: Petroleum Development Oman (PDO), the country's largest oil and gas producer, has reaffirmed its role as one of the key drivers of Oman’s economic diversification, with...
Building institutions that outlast leadership
MUSCAT, OCT 19With more than three decades of experience in public service, Khalid Said al Shuaibi has witnessed and shaped some of Oman’s most defining economic transformations. In an exclusive...
Knights Bay advances nickel exploration in Oman
MUSCAT: UK-based Knights Bay Minerals (KBM) has reported significant progress in its nickel exploration campaign at Block 21 in Oman, as the company edges closer to establishing the Sultanate of...
OQ leads drive to decarbonise global polymer logistics
MUSCAT: OQ — the integrated energy group of the Sultanate of Oman — has entered into a strategic partnership with global shipping leaders Maersk and CMA CGM to decarbonise its polymer supply...
Oman ports show resilience amidst global shipping shifts
MUSCAT: Global container traffic continues to demonstrate steady growth despite the challenges of fluctuating trade patterns, port congestion and economic uncertainty. According to the latest Economic...
RO 71 million Palm Hills Estate project set to transform Khasab’s urban landscape
MUSCAT, OCT 8A landmark Shareholders Agreement has been signed between Musandam Global Investment Co SAOC (MGIC) and Malaysia’s WCT International Sdn Bhd (WCT Holdings Berhad) for the joint...
RO 89.7 million for construction of 42 new schools
MUSCAT, OCT 6The Sultanate of Oman has awarded contracts worth RO 89.7 million for the design and construction of 42 fully integrated school buildings across various governorates.In a post on its...