author - oman observer

The Initial Public Offering (IPO) of wholly-state owned Abraj Energy Services – a subsidiary of OQ Group – commences on February 20, 2023 with 49 per cent of the total issued share capital of the...

Swedish upstream energy firm Tethys Oil plans to drill its first exploration well in Block 58, a wholly-owned and operated concession in south Oman, with the goal of targeting promising hydrocarbon...

Oman Chromite Company, partly owned by the Omani government represented by Minerals Development Oman (MDO), has announced a record production of 105,992 tonnes of chromite ore during 2022,...

Swedish energy firm Tethys Oil has pledged to invest between $85 - 95 million in the development of its upstream oil and gas assets in the Sultanate of Oman during 2023.The allocation is roughly on...

The Sultanate of Oman’s newly unveiled National Space Policy targets, among other strategic goals, the establishment of a domestic industry that will support the assembly of satellites and space...

MUSCAT: The Central Bank of Oman (CBO) has begun publishing for the first time the International Investment Position (IIP) of the Sultanate of Oman – a new fiscal metric that serves as a balance...

MUSCAT: Expatriate remittances declined 7.5 per cent to around RO 3.120 billion in 2021, the Central Bank of Oman (CBO) revealed in its newly released Annual Report for the year.The slump, coming on...

MUSCAT: Personal loans disbursed by licensed lenders in the Sultanate of Oman climbed 2.7 per cent to hit a new peak of RO 10.542 billion in 2021, the Central Bank of Oman (CBO) revealed in its newly...

MUSCAT: Hydrom, the wholly government-owned company tasked with overseeing the delivery of Oman’s green hydrogen strategy, has announced a month-long extension of the deadline for submission of bids...

The Sultanate of Oman’s longstanding currency peg regime, which ties the Omani rial to the US Dollar based on a fixed exchange rate, has been credited with helping mitigate the effects of runaway...

A five-year strategy first unveiled by Muscat Stock Exchange (MSX) last year seeks to position Oman’s only bourse as a “world-class exchange with a global presence”, according to Haitham bin...

MUSCAT: Efforts to establish a first-ever metro network across the capital city of the Sultanate of Oman are now off the starting blocks with the Ministry of Transport, Communications and Information...

MUSCAT: A key study commissioned by Asyad Group – the integrated logistics provider of the Sultanate of Oman – envisions the potential for the development of a dedicated pipeline carrying hydrogen...

MUSCAT: Oman’s Ministry of Finance has joined its counterparts in the wider Middle East region in backing a key regional forum that espouses the importance of Public Private Partnerships (PPP) in...

MUSCAT: Group14 Technology, a US-based start-up pioneering the development of innovative battery materials, says its proprietary silicon battery material can be a game-changer in serving as a clean,...

The Special Economic Zone at Duqm (SEZAD), with its concentration of green energy related investments, is poised to make the largest contribution to Oman’s energy sustainability goals, according to...

Shareholders of Port Services Corporation SAOC (under liquidation) will meet later this month to review a report on the liquidation of the roughly 35-year-old company, established in the mid-1970s to...

Visiting yachts and leisure boats can berth for free at Port of Khasab in Musandam Governorate as part of a campaign by local maritime authorities, as well as the Omani government, to position Khasab...

MUSCAT: An Omani startup has ambitions to commercialise the production of power-banks based on breakthrough solid-state graphene battery technology, in what promises to be a technological first for...

MUSCAT: Omani independent renewables-based power company Solar Wadi has announced that it has secured a license to set up a commercial-scale solar PV power project catering to the green energy...