author - oman observer

Ambitious goals: 2022 cash flow targeted at $8.9 billion, says MD Steve PhimisterMUSCAT, SEPT 18Buoyant international energy prices helped boost cash flow from Petroleum Development Oman’s (PDO) Oil...

MUSCAT: State-owned OQ Gas Networks (OQGN) – part of Oman’s global integrated energy group OQ – posted revenues of around $409 million and EBIDTA (Earnings before interest, taxes, depreciation,...

Having nailed down a broadly comprehensive tariff structure for the electricity sector in the Sultanate of Oman, the Authority for Public Services Regulation (APSR) is now seeking to roll out a...

A major industrial waste treatment facility – the biggest of its kind in the Sultanate of Oman – has commenced operations in the Wilayat of Suhar in North Al Batinah Governorate. When fully...

Wholly Omani government-owned integrated water services utility Majis Industrial Services (MIS) has ambitions to expand its operations, currently limited to Suhar, to other industrial and economic...

Leading Omani engineering and construction services contractor Galfar says it is keenly eyeing opportunities linked to the implementation of new projects worth an estimated RO 2 billion due to come on...

Oman’s restructured and rebranded bourse, Muscat Stock Exchange (MSX), has commenced efforts to secure a much-coveted elevation into the ranks of ‘Emerging Market’ stock exchanges.Haitham bin...

MUSCAT: A high-calibre national team well-versed in the complexities of deal-making has been assembled by the Omani government to negotiate directly with investors to help achieve a speedy and...

MUSCAT, SEPT 10Last week’s blackout that left huge swathes of northern Oman without electricity was the most severe by far in over a decade, according to official data from the Authority for Public...

Oman Environmental Services Holding Company (be’ah), the state-owned entity tasked with overseeing the management of the solid waste sector in the Sultanate of Oman, has credited novel waste...

Seeking to divert municipal and household waste away from landfills and into value-adding recycling initiatives, be’ah – the state-owned entity overseeing the management of the country’s solid...

Building on its portfolio of projects offered up for investment on a Public Private Partnership (PPP) basis, Oman’s Ministry of Finance have invited qualified local and international companies to...

A new tranche of investment options focusing on four key sectors – food security, health, culture and sports – is due to be unveiled next month, a high-level official of Oman’s Vision 2040...

MUSCAT SEPT 4Buoyed by the growth of a nascent entrepreneurial industry around Used Cooking Oil (UCO) collection and recycling, be’ah – the state-owned entity overseeing the management of the...

New guidelines issued by the Oman Tax Authority confirm the inclusion of the eCommerce sector, currently expanding at an exponential rate, within the purview of the country’s Value Added Tax (VAT)...

In the lead-up to its commissioning, slated to take place before the end of this year, the Ras Markaz Crude Oil Storage Terminal of Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, is...

be’ah, the state-owned entity responsible for managing solid waste services in the Sultanate of Oman, says it is developing a first-of-its-kind platform to facilitate auctions and trades in...

A number of gas-based power plants coming to the end of their contracts are now banking on two key initiatives to continue to eke out a return on their investments.The Spot Market, which came into...

A divestment programme unveiled recently by Oman Investment Authority – the integrated sovereign wealth fund of the Sultanate of Oman – is anticipated to garner around $5 billion in proceeds,...

MUSCAT, AUGUST 28Tax waivers and other incentives are being studied by Oman’s authorities to help attract investments and localised manufacturing opportunities across the value chain of a new green...