author - oman observer

MUSCAT: The Spain Oman Private Equity Fund (SOPEF), a joint venture between the Oman Investment Authority (OIA) and Spanish state-owned trading company Cofides, has announced plans to fund the growth...

MUSCAT: Commercial banking credit to the Omani household sector grew 4.8 per cent to top RO 11.4 billion in 2023, according to the Central Bank of Oman (CBO). This compares with a growth rate of 2.8...

MUSCAT: Integrated Gas Company (IGC), the sole aggregator and supplier of natural gas in the Sultanate of Oman, has invited existing end-users to bid for short-term gas supplies in the first such...

MUSCAT: Wholly state-owned Nama Electricity Distribution Company (NEDC), created out of the merger of local distribution and supply entities, has seen assets grow to RO 2.16 billion in value by the...

MUSCAT: The phenomenon of bounced cheques – a serious legal offence in the Sultanate of Oman – continues to track downward in significant part because of the increasing popularity of digital...

MUSCAT: Abdullah bin Ali al Amri, Chairman of Oman’s Environment Authority, presided over the inaugural meeting of the Executive Committee overseeing the delivery of the first edition of the Oman...

MUSCAT: Seeking to jumpstart the growth of a domestic semiconductor industry, Invest Oman – the premier investment facilitation arm of the government – has invited international investors...

MUSCAT: The joint venture of French energy group TotalEnergies and Omani state-owned integrated energy group OQ has received the European Commission’s (EC) green light to proceed with the execution...

MUSCAT: Authorities at the Special Economic Zone at Duqm (SEZAD) have begun preparing the groundwork for the establishment of an Integrated Cold Chain Cluster at the SEZ – part of a strategic bid to...

Biodiesel production from Used Cooking Oil (UCO) and other biowaste streams has the potential to grow exponentially in the Sultanate of Oman thanks to two key drivers: Firstly, burgeoning...

MUSCAT: Energy major BP is acquiring a 49-per cent stake in Hyport Duqm, a gigawatt-scale green hydrogen and green ammonia project planned for implementation at Duqm in the southeast of the Sultanate...

MUSCAT: Underscoring Oman’s increasing reliance on Enhanced Oil Recovery (EOR) to sustain oil and gas production, SNF — the world’s leading provider of integrated solutions for chemical-EOR —...

MUSCAT: Prominent US based drilling services provider Helmerich & Payne (H&P) has confirmed that it has acquired leading drilling services contractor KCA Deutag International Limited in a deal worth...

MUSCAT: Leading international urban planning and architectural design firm Broadway Malyan has announced it has been commissioned by Omani authorities to develop a structure plan for the city of Ibri...

MUSCAT: Ahead of the formal introduction of Open Banking – a tech-driven service with the potential to transform the banking and financial services industry – the Central Bank of Oman (CBO) has...

Muscat: An Omani investor has joined hands with a Chinese tech firm to support the establishment of a major Solar Photovoltaic (PV) cell and module production plant in the Sultanate of Oman – a move...

MUSCAT: Oman Investment Authority (OIA) says it is poised to play a significant role across key facets of the hydrogen value chain with the goal of unlocking its full potential for investment and...

MUSCAT: Petroleum Development Oman (PDO), the country’s biggest oil and gas producer, is preparing to trial the use of nanospheres – microscopically small particles – to unlock difficult oil...

MUSCAT: A four-year transformation plan adopted by national carrier Oman Air to enable a return to operational profitability by 2027 does not envision any immediate plans for investments in new...

MUSCAT: The Omani government is formulating a new policy framework to promote recycling as part of a broader waste management strategy, according to the head of the country’s Environment...