author - oman observer

MUSCAT, FEB 23 - Oman’s Public Authority for Mining (PAM) plans to tender out as many as 15 to 20 preapproved mining blocks for exploration and commercial development during the course of 2020, a...

MUSCAT, FEB 22 - The Oman Chamber of Commerce and Industry (OCCI) exhorted banks and financial institutions in the Sultanate to show greater flexibility and consideration to the plight of private...

The Omani-Australian partnership Al Hadeetha Resources LLC has secured funding to the tune of RO 10 million from Alizz Islamic Bank, which will support the financing of the former’s copper-gold...

Oman’s nascent efforts to unlock the hydrocarbon potential of its vast, untapped offshore acreage received a shot in the arm on Monday when Masirah Oil Limited (MOL) announced it has successfully...

Loans provided by commercial banks to SME funding agencies can now be considered – up to a certain limit – as credit to SMEs themselves in the calculation of their shares towards banking credit...

The growth of an ecosystem connecting banks, financial institutions, regulatory organisations and service providers bodes for the development of a strong financial technology (fintech) in the...

In a move that bodes well for efforts to harness Oman’s untapped offshore hydrocarbon potential, the local subsidiary of global energy major Eni has commenced drilling of what is billed as the first...

Underscoring the threat posed by the COVID-19 (novel coronavirus) outbreak to Oman’s tourism and MICE (meetings, incentives, conferences and exhibitions) industry, the organisers of the...

Port of Salalah says it has reached a settlement with its insurer for a sum of $67.75 million as damages arising out the destruction and disruption caused by Cyclone Mekunu when it struck the southern...

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank with a mandate to support infrastructure development in the Asia-Pacific region, has revealed that it is studying a...

Two strategically vital road projects that will enhance land connectivity – and consequently trade – with the Sultanate’s neighbours in the northeast will shortly be taken in hand for...

Oman Chromite SAOG, a publicly traded firm which is partly owned by the wholly government-owned Mineral Development Oman (MDO), has announced that it has received eight new exploration licenses from...

Swedish-based international upstream energy firm Tethys Oil plans to invest at least $64 million this year in the development of its portfolio of hydrocarbon assets in the Sultanate. While the...

Having laid the foundations of the region’s first-ever textile sector in Oman’s Sohar Freezone, Indian textile conglomerate ShriVallabh Pittie Group is preparing to invest in a major fabrics...

Rakiza, an infrastructure-focused fund set up by the State General Reserve Fund (SGRF) — the largest sovereign wealth fund of the Sultanate of Oman — is keenly eyeing opportunities to invest in...

Oman Environmental Services Holding Company (be’ah), the wholly government-owned solid waste management flagship, has formalized a deal to supply Oman Cement Company with processed scrap tyres as a...

Oman’s authorities are confident that there will be many takers for the country’s export blend of crude oil should China — currently the leading market for Omani crude exports — cut imports in...

Natural gas from BP Oman’s Ghazeer field in Block 61 could begin flowing into the country’s gas grid from as early as the fourth quarter of this year, well ahead of the Q1 2021 timeline originally...

The second phase of BP Oman’s multibillion-dollar tight gas development in Block 61 in central Oman is in the “final stages”, according to a top official representing the energy supermajor in...

Sohar Port and Freezone says it is offering developers the opportunity to invest in utility scale solar farms that will generate competitively priced electricity for various industrial and...