author - oman observer

Three mining concessions offered up for investment by Oman’s Ministry of Energy and Minerals will be awarded within three months of the opening of the bids, the Ministry has pledged.The expeditious...

Registrations opened on Sunday, October 23, 2022 for international developers interested in bidding for a number of blocks offered up by the Omani government for the establishment of green hydrogen...

MUSCAT, OCT 22Saudi-based international energy developer ACWA Power says a major green hydrogen project planned in the Sultanate of Oman’s Dhofar Governorate could be operational before 2029.It’s...

With the moratorium on loan repayments – a key policy response adopted by the Omani government for the benefit of pandemic-impacted borrowers – having come to an end on December 31, 2021, the...

Elevated interest rates could potentially dampen bank lending growth in the Sultanate of Oman, a report by Fitch Solutions – an affiliate of Fitch Ratings – has revealed.The outlook accords with a...

The Oman Infrastructure Investment Fund (Rakiza Fund), which operates under the auspices of the Oman Investment Authority (OIA), says its strong adherence to Environmental, Social and Governance (ESG)...

With a share approaching a noteworthy 16 per cent of total banking assets, Oman’s rapidly growing Islamic banking sector is now deemed a “systemically significant” segment of the country’s...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...