author - oman observer

MUSCAT, DEC 7 - In a further boost for transparency in Oman’s financial sector, the Oman Credit and Financial Information Centre (Mala’a) will have a significant role in combatting money...

MUSCAT, DEC 7 - Proven Dutch expertise can help water-stressed Oman optimise the use of limited resources to support agricultural farming in the Sultanate, according to the Ambassador of the Kingdom...

The Public Authority for Water (Diam) is exploring the potential to deploy ‘Water from Air’ technology as a new source of drinking water supply to remote communities in the Sultanate. The move,...

Adding to its growing footprint in the Sultanate, French environmental services provider Suez has announced that it has been awarded a contract to operate and maintain one of Oman’s biggest...

Oman Credit and Financial Information Centre (Mala’a) — the Sultanate’s national databank — plans to roll out for the first time a credit score system for individual customers and corporate...

A slate of new technological developments in the Electric Vehicles (EV) industry globally has increased prospects for EV sales in the Sultanate, with the electricity regulator pledging efforts to...

Contrary to the notion that plug-in type Electric Vehicles (EV) can only be charged at dedicated public charging stations – long seen as one of the barriers to speedy EV adoption – owners in the...

Climate change resulting from global warming can have potentially severe consequences for the Sultanate, Oman’s Youth Representative of the UN Conference on Trade and Development (UNCTAD) has...

Oman’s fledgling, yet eminently ground-breaking, bid to convert the prodigious quantities of plastic waste being generated annually around the country into commercially valuable fuel has potentially...

MUSCAT, NOV 27 - Oman India Joint Investment Fund II, a private equity fund backed by the State General Reserve Fund (SGRF) — the largest sovereign wealth fund of the Sultanate of Oman, as well as...

Shumookh Investment and Services Co, the investment arm of the Public Establishment for Industrial Estates (Madayn) — which administers Oman’s expanding network of industrial cities — has joined...

The feasibility of selling a modest stake in Oman Oil and Orpic Group – the Sultanate’s integrated energy and petrochemicals powerhouse – will be explored in a study planned in 2020, according...

MUSCAT, NOV 24 - A Royal Decree conferring upon Oman Gas Company (OGC) the status of ‘Transmission System Operator’ (TSO) of the Sultanate’s natural gas network is anticipated before the end of...

MUSCAT, NOV 23 - Seeking to ease its longstanding dependence on the government for its annual funding requirements, Oman’s Ministry of Health is set to launch a first-of-its-kind endowment fund to...

MUSCAT, NOV 23 - Small and medium enterprises (SMEs) in the Sultanate received less than their mandated minimum share of banking credit in 2018, the Central Bank of Oman (CBO) has lamented in a recent...

MUSCAT, NOV 20 - Marafi, the wholly government owned provider of port operation and management services, says it envisions the potential for the deployment of ‘road trains’ — for the first time...

Crypto-currencies, which reportedly have generated fabulous returns — and losses as well — for investors elsewhere around the world, do not currently pose any risk to the Sultanate’s financial...

Licensed banks in the Sultanate are prohibited from offering any prizes, gifts or other such inducements to entice customers into buying their personal loans or other financing products, according to...

MUSCAT, NOV 17 - The Sultanate’s maiden Dry Port — an anchor project of Khazaen Economic City in South Al Batinah Governorate — will be a customs bonded facility complete with its own...

MUSCAT, NOV 16 - The Capital Market Authority (CMA) is weighing the introduction of a number of new products and instruments designed to enable, among others, small and medium enterprises to tap the...