Oman Space Strategy targets investments in ground stations, receiving stations
As part of its long-term goal to position the country as a new regional gateway for space applications, the Sultanate of Oman is seeking international partnerships and investments in a number of...
Oman Cement achieves record production and sales in 2022
MUSCAT, MARCH 5Majority Omani government-owned Oman Cement Company recorded an impressive 44.73 per cent growth in cement sales of 3.456 million MT in 2022, up from 2.388 million MT a year earlier.The...
Oman’s health insurance segment grows 17.9% in 2022
MUSCAT, MARCH 4The health insurance sector – one of the fastest growing segments of Oman’s insurance industry – recorded a 17.9 per cent increase in gross written premiums to RO 191.5 million in...
Japan lauds Oman as a reliable energy partner
MUSCAT: Japan has welcomed expanding energy cooperation with the Sultanate of Oman spanning not only conventional hydrocarbons, chiefly liquefied natural gas (LNG), but also the emerging clean energy...
Oman be’ah to showcase landfill biogas-to-energy vision at OSW
MUSCAT: Oman Environmental Services Holding Company (be’ah) will showcase its strategy for the conversion of biogas from landfills into energy at an upcoming forum on sustainability due to take...
Oman plans major Agri-Industrial Food City in Najd
A first-of-its-kind agri-industrial city centred around large-scale crop cultivation and food processing is planned for development in the Najd area of Dhofar Governorate in the Sultanate of Oman.The...
Pact signed to unlock Oman’s wave energy potential
An initiative to harness the potential of wave energy in the Sultanate of Oman, as a clean and sustainable source of electricity, has been announced.Spearheading the initiative is the partnership of...
Hydrogen-powered green future awaits Oman
A critical milestone in Oman’s nascent green hydrogen journey was marked on February 26, 2023 when His Majesty Sultan Haitham bin Tarik issued Royal Decree 10/2023 effectively laying the bedrock of...
Salalah Port’s Container Terminal upgrade project to start in H1
Port of Salalah, the nation’s premier transshipment and logistics hub overseeing the Indian Ocean, says its investment in the upgrade of its Container Terminal is key to attracting a new generation...
Oman-UK bilateral trade jumps 31% to RO 550m
MUSCAT, FEB 26Bilateral trade between the Sultanate of Oman and the United Kingdom soared 31.5 per cent to £1.2 billion (RO 0.550 billion approx.) at current prices for the 12 months to the end of Q3...
Omani electric car maker to add SUV to portfolio
Promising industry: Mays Motors garners around 500 bookings for debut Mays iE1 modelMUSCAT, FEB 25Mays Motors, the Sultanate of Oman’s first high-end Electric Vehicle (EV) manufacturer, has...
Omani-Indian JV to set up battery recycling project
MUSCAT: A leading Indian-based global recycling company has announced the signing of a Memorandum of Understanding (MoU) to support the establishment of a battery recycling plant in the Sultanate of...
Oman’s geothermal strategy to make headway this year: SLB
MUSCAT: The potential to harness and develop Oman’s largely untapped geothermal resources is among a portfolio of billion-dollar business opportunities that global technology giant SLB (previously...
Japanese corporation to explore role in Oman green ammonia project
A Memorandum of Understanding (MoU) signed recently by Japanese heavy engineering manufacturer IHI Corporation with Indian green energy developer ACME Group could potentially see the former...
$230 bn required to unlock hydrogen export economy in Oman
MUSCAT: Oman’s National Strategy for an Orderly Transition to Net-Zero envisions the need for an additional $230 billion in investments to help unleash the country’s full potential as a global...
New briquetting project to boost Vale’s operations in Oman
MUSCAT, FEB 20A new briquetting plant proposed by Brazilian mining conglomerate Vale SA at its iron ore pelletising complex in Sohar Port promises to further reinforce the Sultanate of Oman’s...
Oman seeks to become hub for space applications
MUSCAT, FEB 20The Sultanate of Oman’s newly launched Space Policy & Executive Programme aims to position the country as a destination for downstream space activities and investments, according to Dr...
Oman’s green steel project to boost non-oil GDP growth
MUSCAT, FEB 18A green hydrogen-ready integrated steel plant planned in the Special Economic Zone at Duqm (SEZAD) has the potential not only to position the Sultanate of Oman as a pioneer in green...
Decree paves way for speedy realization of Oman’s green hydrogen vision
Thursday’s Royal Decree 10/2023, centring on the allocation of land plots for renewable and green hydrogen projects, has been hailed as a critical piece of legislation that will underpin the...
Oilfield services giant Schlumberger among anchor investors in Abraj Energy IPO
Schlumberger Oman & Co LLC, the Omani subsidiary of global oilfield services giant Schlumberger (SLB), has pledged to subscribe 37.739 million shares in the Initial Public Offering (IPO) of Omani...