PDO leads Oman’s energy transition with breakthrough net zero projects
MUSCAT: Petroleum Development Oman (PDO), the largest producer of oil and gas in the Sultanate of Oman, is spearheading an ambitious and innovative transition toward a Net Zero future by 2050,...
OECD rates Oman ‘largely compliant’ on tax transparency
MUSCAT: The Sultanate of Oman has received a strong endorsement from the Organisation for Economic Co-operation and Development's (OECD) Global Forum on Transparency and Exchange of Information for...
Raysut Cement reports strong H1, global gains
MUSCAT, JULY 19Raysut Cement Company (RCC) Group, Oman’s largest cement producer, has reported a significant financial turnaround in the first half of 2025, marking a major step in its...
RO 60 million bonds at 4.3% to attract investors
MUSCAT, JULY 15The Government of the Sultanate of Oman, through the Central Bank of Oman (CBO), has announced the 75th issuance of Government Development Bonds (GDBs) worth RO 60 million, with an...
40 projects worth RO 1.8 billion localised via Invest Oman platform
MUSCAT: A total of 40 high-value investment projects, valued at approximately RO 1.8 billion, have been successfully localised across Oman’s special economic zones, free zones, and industrial...
Salalah Free Zone attracts RO 3.01 billion in petrochemicals investments
MUSCAT: Salalah Free Zone (SFZ) continues to solidify its position as a major investment hub, boasting a significant portfolio of 97 projects with investments exceeding RO 4.74 billion. According to...
New residence redefines coastal living in Oman
MUSCAT: Al Mouj Muscat has unveiled its latest milestone in luxury real estate with the launch of Azura Beach Residences, a groundbreaking waterfront development that introduces the first...
Sohar Aluminium scales up energy efficiency and decarbonisation efforts
MUSCAT: Sohar Aluminium — the country's primary aluminium producer owned 40% by Oman's integrated global energy group OQ — is intensifying its drive to enhance energy efficiency, reduce greenhouse...
First Oman-made long stroke pump unit launched
MUSCAT, JUNE 30Oman has taken a bold step toward becoming a regional manufacturing hub for artificial lift systems with the successful production of the first Long Stroke Pump Unit (LSU) made entirely...
Barka 4 desalination plant sets global benchmarks
The Sultanate of Oman continues to leverage the Barka IV desalination plant as a cornerstone of its national development and a model for sustainable water management. Operational since 2018 under a...
OIA reinvents sovereign investing with home-grown impact and global reach
MUSCAT: The Oman Investment Authority (OIA) is emerging as one of the most strategically repositioned sovereign wealth funds in the Gulf, as it shifts from traditional asset accumulation toward a new...
Oman's offshore Block 50 poised for growth with updated reserves
MUSCAT: Masirah Oil Ltd, with its primary owner Rex International Holding Ltd (87.5%), is set to unlock further value from its Yumna Field in Block 50 Offshore Oman, following a comprehensive...
GreenUp 2027 strategy to boost sustainable infrastructure in Oman
MUSCAT: Veolia, a global leader in environmental solutions, has rolled out its GreenUp 2027 strategic programme in Oman, showcasing three major projects that embody the company’s commitment to...
New tech office boosts Oman’s digital transformation drive
MUSCAT: Elm, a digital solutions leader owned by Saudi Arabia’s Public Investment Fund (PIF), has officially launched its new office in Muscat, underscoring its long-term ambition to participate in...
Oman and EU target energy synergies through innovation and storage
MUSCAT, JUNE 18The Sultanate Oman and the European Union (EU) are exploring deeper collaboration to accelerate the energy transition through innovative technologies, smarter infrastructure, and...
IGC prioritises local growth, clean energy in gas strategy
MUSCAT, JUNE 17“Oman’s gas is a national asset — and we manage it with that responsibility in mind,” said Abdulrahman al Yahyaei, CEO of Integrated Gas Company (IGC), as he outlined the...
A CEO’s bold vision for innovation across sectors
MUSCAT, JUNE 15“Leadership, to me, has always been about purpose, not position,” says Hilal al Sinani, CEO and Founder of Sur International Investment Group, as he reflects on a journey that has...
Funding secured for solar project at Barka V desalination plant
MUSCAT: Madrid-headquartered GS Inima has secured financing to build a 6.3MWp photovoltaic plant at the Barka V desalination facility in Oman, marking a significant step toward integrating renewable...
IMF hails CBO’s transparency, offers roadmap for enhancements
MUSCAT: The International Monetary Fund (IMF) has commended the Central Bank of Oman (CBO) for its proactive steps in enhancing transparency, governance, and monetary policy communication, as...
Oman's sports economy ambition: From grassroots to global arena
MUSCAT: The Sultanate of Oman is actively pursuing a strategy to transform its sporting landscape, not just for the love of the game, but as a significant driver of economic growth and...