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Oman Sustainability Centre, newly set up to spearhead the delivery of the nation’s Net Zero strategy, will also support technological advancement and scientific innovation to help accelerate the...

Hydrogen value chain: Roles for OQ Networks, Asyad Shipping, Majis Industrial, Marafiq and OETC envisioned as wellMUSCAT, OCT 30The Ministry of Energy and Minerals has outlined the different roles...

MUSCAT, OCT 29Four key sectors – Industry, Oil & Gas, Transportation and Power/Buildings – account for 95 per cent of Oman’s total carbon emissions equivalent to around 90 million tonnes of CO2...

The Oman Power and Water Procurement Company (OPWP), the sole procurer and offtaker of electricity and water capacity in the Sultanate of Oman, has initiated the procurement process for a second...

Ramping up its portfolio of investments in the global lithium-ion battery industry, Oman Investment Authority (OIA) – the integrated sovereign wealth fund of the Sultanate of Oman – is among a...

Developers of green hydrogen projects in the Sultanate of Oman will be eligible for land concessions spanning 47 years, among other incentives, a key official of the Ministry of Energy and Minerals...

Three mining concessions offered up for investment by Oman’s Ministry of Energy and Minerals will be awarded within three months of the opening of the bids, the Ministry has pledged.The expeditious...

Registrations opened on Sunday, October 23, 2022 for international developers interested in bidding for a number of blocks offered up by the Omani government for the establishment of green hydrogen...

MUSCAT, OCT 22Saudi-based international energy developer ACWA Power says a major green hydrogen project planned in the Sultanate of Oman’s Dhofar Governorate could be operational before 2029.It’s...

With the moratorium on loan repayments – a key policy response adopted by the Omani government for the benefit of pandemic-impacted borrowers – having come to an end on December 31, 2021, the...

Elevated interest rates could potentially dampen bank lending growth in the Sultanate of Oman, a report by Fitch Solutions – an affiliate of Fitch Ratings – has revealed.The outlook accords with a...

The Oman Infrastructure Investment Fund (Rakiza Fund), which operates under the auspices of the Oman Investment Authority (OIA), says its strong adherence to Environmental, Social and Governance (ESG)...

With a share approaching a noteworthy 16 per cent of total banking assets, Oman’s rapidly growing Islamic banking sector is now deemed a “systemically significant” segment of the country’s...

An ambitious Food City initiative, currently under development within Khazaen Economic City at Barka in South Al Batinah Governorate, is set to be the largest of its kind in the Sultanate of Oman to...

Key trends: Rebounding expat numbers, Omanis joining private sector buoy rental residential market, says reportMUSCAT, OCT 16Oman’s real estate sector, among the bigger casualties of the coronavirus...

US-based digital flare mitigation technology pioneer Crusoe Energy Systems LLC, which recently received funding support from Oman Investment Authority (OIA) – the integrated sovereign wealth fund of...

The Central Bank of Oman (CBO) has once again reiterated that inflation in the Sultanate of Oman is expected to remain largely benign despite rising inflationary trends being reported elsewhere around...

A raft of breakthrough technologies, being trialled ahead of their deployment at key locations across the Block 6 license of Petroleum Development Oman (PDO), has the potential to unlock hundreds of...

Having garnered multiple outlook upgrades from international ratings agencies, as well as upbeat assessments from multilateral institutions, the Sultanate of Oman says it will continue to be guided by...

The Central Bank of Oman (CBO) has once again urged citizens and residents to exercise caution when engaging in transactions involving the use of crypto-currencies, among other crypto assets, given...