Oman-backed Group14 bets big on silicon battery technology
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,...
Oman allocates 250 km2 for solar, wind farms in Duqm SEZ
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 Oman’s oldest port operator to discuss liquidation report
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...
Khasab Port waives berthing fees in drive to support cruise tourism
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...
Omani startup prototypes graphene technology-based power-bank
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...
Omani firm to set up 100 MV solar PV project in Suhar
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...
Interim board issues first update on embattled cement firm
MUSCAT: An interim board constituted by the Capital Market Authority (CMA) to stabilise the functioning of Raysut Cement, amid the discovery of financial anomalies in its accounts, has begun its deep...
Shell named lead operating partner in Green Energy Oman project
MUSCAT: Energy major Shell’s recent acquisition of a 35 per cent stake in the Green Energy Oman (GEO) project – a world-scale green hydrogen scheme planned for implementation in the Sultanate of...
New pier project to unlock southeast Oman’s massive mineral potential
Oman’s Ministry of Transport, Communications and Information Technology (MTCIT) has announced the launch of a competitive tender for the award of a contract for the construction and operation of a...
Oman Towers inks RO30m financing pact with Bank Dhofar
Oman Tower Company (Oman Towers), a leading telecom wireless passive infrastructure provider in the Sultanate of Oman, has announced the signing of a financing agreement with Bank Dhofar for a sum of...
Oman LNG discussing 10-year life extension with government, shareholders: CEO
Having snagged a flurry of important LNG supply contracts in recent weeks, Oman LNG says it is discussing an extension of the life of its liquefied natural gas (LNG) complex at Qalhat for another 10...
Raysut Cement posts RO 93.6m loss in 2022
Raysut Cement, the biggest cement manufacturer in the Sultanate of Oman, has posted a post-tax loss of RO 93.686 million for the financial year ended December 31, 2022 – in the first such filing by...
Oman invites proposals for PPP-based drug rehab Centre of Excellence
Plans by the Omani government to rope in the private sector in the development and operation of a drug rehabilitation centre in Suhar on a Public Private Partnership (PPP) basis continue to make...
Oman Rail joins International Union of Railways
MUSCAT, JAN 14Oman Rail, the national railway company of the Sultanate of Oman, has secured membership of the International Union of Railways (UIC), the world’s premier rail industry body set up...
OQ showcases new Ladayn Polymer Park to global investors
MUSCAT: An exclusive Polymer Park being established by wholly Omani government-owned OQ Group in the vicinity of its mega billion-dollar Liwa Plastics Industries Complex (LPIC) in Suhar, seeks to...
Oman to develop National Aviation Strategy 2040
Buoyed by the strong post-pandemic recovery of the civil aviation industry, the Civil Aviation Authority (CAA) of the Sultanate of Oman has embarked on the formulation of a blueprint to underpin the...
Salalah Mills to set up Oman’s first grain trading business
Salalah Mills Co, a publicly traded Omani company listed on the Muscat Stock Exchange (MSX), has announced plans to venture into grain trading – a move that marks the Sultanate of Oman’s maiden...
Hy-Fly to support growth of Hydrogen Hubs in Oman
Decarbonisation agenda: National alliance commits to nurturing development of hydrogen-centric ecosystemMUSCAT, JAN 8Oman’s National Hydrogen Alliance (Hy-Fly), a grouping of leading energy industry...
Oman’s maiden satellite set for launch from UK spaceport
A roughly weeklong window of opportunities opens up at Britain’s Cornwall spaceport tomorrow, January 9, 2023 for the launch of Virgin Orbit’s air-launched rocket carrying a payload of satellites...
Oman’s nominal GDP to top RO 45 bn in 2022
MUSCAT: Oman’s gross domestic product (GDP) at current prices is projected to hit a high of RO 44.9 billion at the end of 2022, representing a hefty 32.4 per cent leap over the corresponding figure...