PDO seeks bids for flare gas, seismic projects
MUSCAT: Petroleum Development Oman (PDO) has launched two procurement opportunities aimed at reducing gas flaring and strengthening subsurface exploration capabilities, inviting qualified local and...
Oman opens bidding for Salalah limestone mining sites
MUSCAT: The Ministry of Energy and Minerals has launched a public investment opportunity for two limestone mining sites in Salalah, inviting qualified Omani companies to bid for the projects as part...
Oman advances SOHAR polymer plant
MUSCAT: Oman has taken a step towards expanding its downstream chemicals industry after a financing agreement was signed to support the establishment of a major acrylamide and polyacrylamide...
India opens tariff quotas for Omani exports
MUSCAT: India has formally notified the procedures for implementing tariff-rate quotas (TRQs) under the Oman-India Comprehensive Economic Partnership Agreement (CEPA), paving the way for preferential...
Nama accelerates drive towards fully Omani water workforce
MUSCAT: Nama Water Services is stepping up its workforce localisation strategy with a new intake of 303 Omani employees as the state-owned utility moves closer to achieving full Omanisation across its...
Oman LNG exports reach 11.9 million tonnes
MUSCAT: Oman exported 11.9 million tonnes of liquefied natural gas in 2025, ranking as the world’s eighth-largest LNG supplier and accounting for 2.7 per cent of global trade, according to the...
IFC sees United Solar as diversification catalyst
MUSCAT, JULY 8 The International Finance Corporation (IFC) views its investment in United Solar Polysilicon's $1.6 billion manufacturing facility in Suhar as a strategic step towards building a...
Oman pharmaceutical market to hit $1.24 billion
MUSCAT, JULY 7 The Sultanate of Oman is positioning its special economic zones, free zones and industrial cities to capture a larger share of the fast-growing pharmaceuticals and medical devices...
United Solar closes $1.6 bn funding
MUSCAT, JULY 6 United Solar Polysilicon has completed a $1.6 billion capital raising for its polysilicon manufacturing project in Sohar after securing the financial close of a $50 million equity...
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...