author - oman observer

@JmObserver - The United National Environment Programme (UNEP) with the support from the Global Environment Facility (GEF) conduct a training workshop on legal and institutional frameworks to...

@JmObserver - The Sultanate of Oman and South Korea agreed to strengthen cooperation on energy supply chain, renewables and hydrogen, this according to South Korea’s Ministry of Trade, Industry...

@JmObserver - Total net profits for listed companies in Muscat Stock Exchange (MSX) increased by 11 per cent y-o-y to $468.4 million in Q2 2022 compared with $422 million in the same quarter in...

@JmObserver -The market capitalisation of the Muscat Stock Exchange (MSX) already reached RO 23 billion ($59.74 billion) so far this year, up from $57.458 billion at the end of 2021, this according to...

The Sultanate of Oman is a pioneer in the field of local and regional Islamic finance, this according to a report of Redmoney — a Malaysian institution specialising in Islamic financial...

A pilot project to promote Omani fisheries as a new source of grade-A sashimi yellowfin tuna in the global market was launched recently.The project, launched in Masirah — off the Sultanate of...

Remittances by expatriate workers in Oman reached RO 3.11 billion ($8.1 billion) in 2021, a 7.5% decrease compared to 2020 with RO 3.373 billion, according to a latest report by GCC-Stat. Remittances...

@JmObserver - The Sultanate of Oman holds the highest fish consumption per capita in the world with 27 kilogrammes annually, according to the Fisheries Development Oman — a subsidiary of Oman...

Energy Development Oman SAOC (EDO) has received a ‘BB’ long-term issuer default rating (IDR) with a stable outlook from international ratings agency Fitch. This comes after S&P rated EDO with BB-...

Amid record production, Oman now exports liquefied natural gas (LNG) to around 20 countries globally, having added Greece to its list of importers most recently.Earlier this week, Reuters reported...

The construction works of Oman's first calcined coke project at the Sohar Freezone by Sanvira Carbon FZC LLC have successfully been completed. The $150 million project, which was launched in November...

@JmObserver - Australian-based submarine cable development specialist SUB.CO confirms that the final splice of the Oman Australia Cable (OAC) has been installed. The OAC — a 9,800 km system...

@JmObserver - Helios Towers, the independent telecommunication infrastructure company, has announced the extension of the long-stop date relating to its acquisition of Oman Telecommunications...

The Sultanate of Oman leads the list of Middle East and North African (MENA) countries shifting away from fossil fuels to green energy, this according to the latest report of Global Energy Monitor....

@JmObserver - A major seawater desalination project in Barka in South Al Batinah Governorate has kicked off, officials said on Monday.The project is overseen by GS Inima, a wholly owned subsidiary...

Masirah Oil has announced the successful completion of the full upgrade of its production facilities at its Yumna field operations in Block 50 offshore Oman’s east coast.Major change-outs and...

@JmObserver - Bahwan Services and Trading LLC (BST), an affiliate of Shaikh Ahmed bin Suhail Bahwan’s group of companies (Sultanate of Oman) and Ajlan & Brothers Holding Group (Abilitii), Kingdom...

BUSINESS REPORTERMUSCAT, MAY 15Total outstanding credit extended by conventional and Islamic banks (collectively referred to as Other Depository Corporations – ODCs) grew by 2.8 per cent to RO 27.9...

MUSCAT: The polling process for the Philippines national elections in the Sultanate of Oman was generally peaceful, according to the Philippines Ambassador Imelda M Panolong."The month-long election...

@JmObserver - Buoyed by resurgent oil and gas prices and increasingly strong fiscals, the Sultanate of Oman’s 2022 Budget registered a surplus of RO 357 million at the end of first quarter, as...