Phase 1 of RO 372m Oman Electricity Grid project to come online next year
Key advantages: North-South Interconnector project to unlock significant benefits for national economy and sustainabilityThe first phase of a landmark initiative to interconnect the Main...
Move to strengthen Oman Electricity Spot Market
Efficient performance: Regulator invites bids for advisory services contract to formulating market monitoring and surveillance proceduresHaving overseen the launch of the Oman Electricity Spot Market...
Oman’s space programme to unlock major benefits for national economy
Key milestone: Executive agreement for deep space exploration mission to be signed in three months: SatRevolution CEOA leading Polish nanosatellite manufacturer and operator tapped by the Sultanate of...
Oman’s Asyad Shipping to add two new crude carriers on time charter
International tanker owner Nordic American Tankers Ltd (NAT) has announced that it has reached an agreement with Asyad Shipping Company, a subsidiary of wholly Omani government-owned Asyad Group,...
Digital stamps to combat illicit tobacco trade, boost tax revenue
Track and trace: Pact signed by the Omani Tax Authority last week will pave for the way for the rollout of a sophisticated platform, complete with foolproof digital stamps, and tracking and...
‘Unifying body’ key to strengthening Oman’s water-food-energy nexus
A whitepaper published by a leading regional strategic consultancy group has urged the Omani authorities to consider establishing a unifying body to help achieve a robust and sustainable water, energy...
Oman Investment Authority sells stake in Spanish tech firm
Spanish technology firm Escribano Mechanical & Engineering (EM&E) has announced that it has repurchased a minority stake held in the company by Oman Investment Authority (OIA), the integrated...
Hyport Duqm to showcase Oman’s green energy ambitions
First unveiled two years ago at the outset of the Sultanate of Oman’s fledgling decarbonization journey, the Hyport Duqm green hydrogen project is set to be truly historic for at least two reasons:...
Singapore SWF investment to bolster Omani green energy mega project
Strong fillip: GIC announces equity investment in InterContinental Energy, which is developing major green energy projects, including one in the Sultanate of Oman in partnership with OQ and...
Rakiza acquires stake in Oman Intl Container Terminal
New thrust: OIA-backed infrastructure fund picks up 31% stake in Hutchison Ports Sohar container terminal at Sohar PortUnderscoring its support for the country’s core infrastructure sector, Oman...
Bright prospects for stainless steel, copper projects
Sohar Port and Freezone (SOHAR) has invited local and international investors to consider opportunities for investment downstream of its thriving, multibillion-dollar metals cluster currently centred...
Green Energy Oman to unlock huge ICV, job prospects
Huge spinoffs: Localisation potential spans upstream, midstream and downstream segments of mammoth green hydrogen schemeAn Omani mega green hydrogen project, currently ranked among the world’s...
CMA moves to regulate cryptocurrencies
Landmark step: Capital Market regulator invites consultants to bid for contract to advise on drafting and implementation of ‘Regulatory Framework for Virtual Assets (VAs) and Virtual Assets Service...
Unified e-portal for Omani government services on anvil
The Omani government’s Digital Transformation Programme will culminate in the establishment of a unified electronic portal serving as a one-stop shop for the delivery of services encompassing...
ACWA Power eyes further investment in Omani green energy projects
Leading Saudi-based international energy developer ACWA Power says it will continue to explore avenues to invest in the Sultanate of Oman’s diversifying power generation sector, notably the...
300 MW capacity wind energy projects on anvil
Wind energy projects of capacity not less than 300 MW are envisioned for development in the wind resources rich Wilayats of Jaalan Bani Bu Ali and Duqm in the Sultanate of Oman.State-owned Oman Power...
Ibri 2 Solar Power Plant officially launched today
A major milestone in zero-carbon electricity generation was marked in the Sultanate of Oman on Monday, when Sayyid Hamoud bin Faisal al Busaidi, Minister of Interior, presided over the official...
Green Energy Oman hub is world’s 6th largest hydrogen project: IRENA
A mammoth green energy hub planned by OQ, the Sultanate of Oman’s integrated energy group, has been placed sixth in a ranking of the world’s Top 20 giga-scale green hydrogen projects.Green Energy...
Mega solar PV project set for launch next week
@conradprabhu - A major milestone in zero-carbon electricity generation will be marked in the Sultanate of Oman on Monday, January 24, 2022, when the country’s largest utility-scale solar...
Bank Nizwa, Sohar International get CBO nod to explore merger
@conradprabhu - The Central Bank of Oman (CBO) has given its provisional approval to Bank Nizwa and Sohar International Bank to begin the due diligence process culminating in the planned merger of...