1m sq metre site earmarked for RO 40m Food City in Khazaen
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...
Oman’s property market stabilises: CBO
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...
Oman-backed bitcoin miner announces new acquisition
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...
Inflation outlook in Oman remains moderate: CBO
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...
Deployment of new technologies to unlock hundreds of millions of dollars in value for PDO
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...
Fiscal reform and debt sustainability to underpin Oman’s macroeconomic policy: MoF
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...
Central Bank of Oman issues fresh warning over crypto, Ponzi risks
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...
Omani firm receives maiden TRA licence to provide IoT services
MUSCAT, OCT 9An Omani technology start-up has been awarded the first ever licence by the Telecommunications Regulatory Authority (TRA) to provide Internet-of-Things (IoT) related services in the...
Oman issues 38,000 licences to international investors via Invest Easy
Invest Easy, the Oman government’s one-stop window to facilitate the clearance of registrations licensing and permits, has so far issued over 286,000 licenses since it was launched about 18 months...
Oman Investment Authority preparing strategy for public listing of SOEs: MSX
A number of state-owned enterprises (SOEs) operating under the umbrella of Oman Investment Authority (OIA) – the integrated sovereign wealth fund of the Sultanate of Oman – are being prepped for...
PDO produced water output to surpass 1.1 million m3/day
Majority state-owned Petroleum Development Oman (PDO) – the nation’s biggest producer of oil and gas – is bracing for an upsurge in the generation of ‘produced water’ – a phenomenon once...
Oman earmarks 50,000 sq km of land for green energy projects
Large swathes of desert land in Oman’s central and southern regions have been earmarked for the implementation of green energy projects – both renewables and green hydrogen-based – a top...
Direct power sales now a reality in Oman
In what has been welcomed as a lifeline to gas-based power plants that have either fallen out of contract or approaching the expiry of their contracts with state-owned electricity offtaker Oman Power...
Oman-Brazil JV’s investment in local supply chain development tops $1.2 billion
Vale in Oman, a joint venture of Brazilian-based global mining giant Vale and OQ, says its mega iron ore pelletizing plant in Sohar Port has so far invested around $1.2 billion in the local supply...
Telecom tower sales to unlock $1.6 bn in value: Omantel CEO
Promising potential: Proceeds to be re-allocated to Omantel’s long-term growth projectsMUSCAT, OCT 1Sales of telecom towers in Oman and other geographies where majority Omani-government-owned...
Oman-Etihad Rail project to buoy fortunes of Sohar Port
Last week’s groundbreaking pact signed by the Sultanate of Oman and the United Arab Emirates (UAE) to establish a railway line connecting Sohar Port with the UAE rail system, will unlock...
Oman Tax Authority affirms plan for launch of second phase of Digital Tax Stamp scheme
Ahead of the rollout of the second phase of its Digital Tax Stamp initiative, the Tax Authority of the Sultanate of Oman has urged importers of tobacco products and spirits to obtain excise tax stamps...
Income tax exemption for new Omani businesses supporting economic diversification
Scores of newly launched Omani businesses are eligible for income tax waivers spanning a total of five years, provided the focus of their operations align with key sectors that are at the heart of the...
Public issue of Oman’s Pearl REIF slated during Q4
A new Real Estate Investment Fund (REIF) set up by majority government-owned Omantel in collaboration with Oman Investment Authority (OIA) will be floated on the Muscat Stock Exchange (MSX) before the...
OQ Group plans solar power projects in Liwa, Block 60
OQ, the global integrated energy group of the Sultanate of Oman, says a Final Investment Decision (FID) linked to the development of a 100 MW solar power project, planned at Liwa in North Al Batinah...