Flare gas projects gain momentum in Oman
MUSCAT: The Sultanate of Oman is emerging as a strategic testing ground for new flare-gas monetisation technologies as a partnership unveiled at the Oman Petroleum & Energy Show (OPES) 2026 seeks to...
Oman advances water, circular economy agenda
MUSCAT, MAY 19 The Sultanate of Oman is accelerating efforts to strengthen water security and environmental sustainability as the country advances projects aligned with the goals of Oman Vision 2040....
OIA profit hits record RO 2.9 billion in 2025
MUSCAT, MAY 18 Oman Investment Authority (OIA) posted historic profits of RO 2.9 billion in 2025, underlining the strong performance of the Sultanate of Oman’s sovereign wealth fund amidst continued...
OIA divestments exceed RO 2.8 billion
MUSCAT, MAY 18 Oman Investment Authority’s (OIA) divestment programme generated returns exceeding RO 2.8 billion by the end of 2025, reflecting the sovereign wealth fund’s strategy to recycle...
OIA posts record RO2.9bn profit in 2025
Oman Investment Authority posted a record profit of RO2.9 billion in 2025, marking one of the strongest performances since its establishment and reinforcing the growing global standing of Oman’s...
Oman energy maps shift to hydrogen economy
MUSCAT MAY 17 Oman is accelerating its transition from a hydrocarbon-driven economy towards a future anchored in green hydrogen, renewable energy and lower carbon emissions, as the Sultanate of Oman...
Sohar Titanium begins production at first furnace
MUSCAT: Sohar Titanium, the Sultanate of Oman’s first titanium slag production project, has officially entered the production phase with the operation of its first electric arc furnace at Sohar...
Asyad Shipping Q1 profit jumps 41% to RO 16.1 million
MUSCAT, MAY 13 Asyad Shipping posted a 41 per cent increase in net profit for the first quarter of 2026, driven by stronger profitability, high fleet utilisation and continued expansion of its...
be’ah unveils industrial investment opportunities
MUSCAT: Oman Environmental Services Holding Company (be’ah) has announced a new package of industrial investment opportunities aimed at strengthening Oman’s manufacturing base, reducing import...
Duqm EV hub targets wider green mobility ecosystem
MUSCAT, MAY 11 South Korean clean technology firm ELB&T is positioning its upcoming Duqm project as more than just an electric vehicle manufacturing facility, with plans to build an integrated green...
Al Suwadi, Al Batinah Power study merger
MUSCAT, MAY 10 Al Suwadi Power Company SAOG and Al Batinah Power Company SAOG have announced that they have commenced a preliminary assessment of a potential merger, alongside a review of refinancing...
RO 96 million Korean EV, battery plant planned in SEZAD
Muscat: The Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed an investment usufruct agreement with South Korean company EL B&T to establish an electric vehicle and battery...
New hotel opening expands Muscat tourism landscape
MUSCAT: A new hotel opening in Muscat is reflecting growing investor confidence in Oman’s tourism sector as the Sultanate of Oman continues to advance diversification goals under Oman Vision 2040....
Oman startups urged to build beyond borders early
MUSCAT: Founders in Oman must look beyond the domestic market from the outset if they are to build investable companies, according to insights shared by Vinnie Lauria, Founding Partner at Golden Gate...
Oman–Philippines labour relations deepen amidst focus on welfare, skills
MUSCAT: Labour cooperation between the Sultanate of Oman and the Philippines is entering a more dynamic phase, underpinned by strong institutional coordination, shared policy priorities and a renewed...
Nama scales RO 1 billion pipeline, cuts water loss
MUSCAT, APRIL 28 Nama Water Services (NWS), the state-owned integrated water and wastewater utility of the Sultanate of Oman, has accelerated infrastructure delivery and operational efficiency,...
Prime assets anchor Oman property market shift
Oman’s real estate sector is entering a more mature and disciplined phase, underpinned by structural reforms, evolving investor preferences and steady non-oil economic growth. The market is...
RO 200 million industrial deals boost Oman’s zones
MUSCAT, APRIL 26 The Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed investment agreements exceeding RO 200 million to establish a portfolio of industrial projects across...
Omani startup secures $10 million to drive regional expansion
MUSCAT: Oman-based hospitality technology startup Fascano has raised $10 million to accelerate its regional expansion and strengthen its cloud-based platform, as hotels and restaurants across the...
OQEP acquires 35% stake in Oman’s Block 27
MUSCAT, APRIL 15 OQ Exploration and Production (OQEP) has signed an Asset Sale and Purchase Agreement (ASPA) to acquire a 35 per cent non-operated participating interest in Block 27, further...