Asyad Shipping secures food cargo support
MUSCAT, JULY 1 Asyad Shipping will receive government support covering 50 per cent of fuel and insurance costs for eligible food cargo shipments on the India-Oman trade route for up to six months,...
Initiative launches drive for secure enterprise AI in Oman
MUSCAT, JUNE 29 A new telecom and technology alliance on Monday unveiled a coordinated effort to accelerate the deployment of localised, secure artificial intelligence (AI) across the Omani corporate...
Royal visit to strengthen Oman-France relations
MUSCAT, JUNE 27 The Omani French Friendship Association (OFA) is positioning itself to play a key role in translating the outcomes of His Majesty Sultan Haitham bin Tarik's royal visit to France...
Oman launches RO 5m community solar programme
MUSCAT, JUNE 24 Oman on Tuesday launched a RO 5 million community solar energy programme aimed at expanding access to renewable power, cutting electricity costs for households and encouraging greater...
Oman awards RO 73.4 million in development works
MUSCAT, JUNE 23 Oman has completed award procedures for 35 development-related projects and service contracts worth RO 73.37 million, led by road, health, housing and utilities works, the Projects,...
Transport, storage sector adds RO 2.3 billion to economy
MUSCAT, JUNE 22 Oman's transport and storage sector contributed RO 2.3 billion to the national economy in 2025, accounting for 3.6 per cent of gross domestic product, as rising cargo volumes,...
SEZAD highlights $1.39 billion tourism, power projects
MUSCAT, JUNE 21 The Special Economic Zone at Duqm (SEZAD) has highlighted major tourism and energy developments with a combined value of approximately $1.39 billion, reflecting the scale of projects...
Duqm power plant secures $385 million EPC deal
MUSCAT, JUNE 16 Oman's 870-megawatt Duqm gas-fired power plant has secured a $385 million engineering, procurement and construction (EPC) contract, advancing one of the Sultanate of Oman's...
Oman economy to grow 2.4% in 2026: World Bank
MUSCAT, JUNE 15 Oman's economy is projected to grow by 2.4 per cent in 2026 despite a sharp slowdown across Gulf hydrocarbon exporters, according to the World Bank's June 2026 Global...
Oman cybersecurity market to hit $214 million
MUSCAT, JUNE 14 Oman’s cybersecurity market is projected to grow to $214.27 million by 2031, supported by digital transformation, data residency requirements and the expansion of locally developed...
Chinese firms back Oman’s solar, cyber ambitions
MUSCAT, JUNE 13 Chinese investors unveiled ambitious plans to establish a major solar manufacturing complex and a regional cybersecurity hub in Oman, underscoring growing international confidence in...
Global investors see Oman as growth hub
MUSCAT, JUNE 10 International investors are increasingly viewing Oman as a strategic platform for growth in renewable energy, advanced manufacturing, tourism and innovation, reflecting growing...
RO 583 million FFO portfolio boosts investment drive
MUSCAT, JUNE 9 Future Fund Oman (FFO), a key investment arm of Oman Investment Authority (OIA), has unveiled a new portfolio of 105 strategic projects and investments worth RO 583 million, reinforcing...
Future Oman Fund signs RO583m deals, targets 2,302 jobs
Muscat: The Future Oman Fund has signed agreements for 105 projects and investments worth more than RO583 million, strengthening Oman’s drive to attract foreign capital, expand strategic...
Investment court boosts investor confidence
MUSCAT, JUNE 8 The establishment of a specialised Investment and Trade Court is among the most significant measures undertaken by the Sultanate of Oman to strengthen its investment environment and...
Energy security shift puts Oman in strategic spotlight
MUSCAT, JUNE 3 The Sultanate Oman is well placed to strengthen its role as a strategic energy and infrastructure hub as global markets increasingly prioritise security of supply, resilience and...
MSX moves closer to emerging market status
MUSCAT, JUNE 1 Reforms at the Muscat Stock Exchange (MSX), combined with Oman Investment Authority's (OIA) divestment programme and a series of high-profile initial public offerings (IPOs), have...
Oman positioned to benefit from shifting capital flows
MUSCAT, JUNE 1 The Sultanate of Oman is emerging as one of the Gulf region's most strategically positioned destinations for investment as businesses and investors reassess supply chains, trade...
India issues rules of origin for Oman CEPA
MUSCAT, MAY 31 India has formally notified the rules that will govern the determination of origin of goods traded under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), paving the...
OQGN net profit rises 7.1% in Q1 2026
MUSCAT, MAY 25 OQ Gas Networks — Oman’s sole gas transmission operator —posted a 7.1 per cent increase in net profit for the first quarter of 2026, supported by higher construction activity,...