author - oman observer

Muscat: Oman’s insurance industry is projected to grow at an annualized rate of 4.5% to reach $1.8 billion in 2028, up from around $1.4 billion in 2022, according to leading investment banking...

MUSCAT: A succession of positive rating actions on Oman’s sovereign debt, issue by the world’s Top 3 credit rating agencies over the course of 2022 and 2023, is attributable in significant part to...

MUSCAT: The Oman Convention and Exhibition Centre (OCEC) says it is seeking to capitalise on its record-breaking performance of 2023 to further strengthen its positioning as a key driver of growth...

Muscat: Construction work on a green hydrogen production facility, backed by a multinational consortium jointly led by global low-carbon energy developer ENGIE and Korean steel conglomerate POSCO, is...

MUSCAT: A new LNG bunkering project set to be established at the Port of Sohar will be fuelled entirely by solar energy in the first such renewables-powered venture of its kind in the Middle...

Muscat: Oman’s authorities would do well to target the production of more complex goods in support of the country’s economic diversification drive – a strategy that also has the potential to...

MUSCAT: Oman’s National Programme for Artificial Intelligence and Advanced Technologies prioritises the deployment of Artificial Intelligence (AI) in driving the development of key economic sectors,...

MUSCAT: Swedish energy firm Tethys Oil has pledged to invest over $90 million in its upstream assets in the Sultanate of Oman during the current fiscal year. This commitment is roughly on par with its...

MUSCAT: Around 30 Dutch companies with business interests spanning the hydrogen value chain have forged an alliance with the goal to target opportunities in the nascent hydrogen industries of the...

MUSCAT: Oman’s longstanding drive to diversify its predominantly hydrocarbon-dependent national economy has gained strong impetus in recent years on the back of a combination of landmark legislative...

MUSCAT: The Rabt interconnection project – a major initiative to link Oman’s standalone grids in the north and south of the country – will result in the closure of as many as 14 diesel-fired...

MUSCAT: Oman’s economic recovery continues to be broad-based, sustained by impact-driven structural reforms and policies that have yielded positive results in, among other areas, reviving employment...

MUSCAT: Marking a new chapter in the growth of a fledgling semiconductor sector in the Sultanate of Oman, a local company aiding this drive has announced the rollout of new project initiatives based...

MUSCAT: Oman REIT, the first diversified multi-asset Real Estate Investment Trust (REIT) in the Sultanate of Oman, has announced the successful addition of a logistics park to its expanding portfolio...

MUSCAT: Leading Canadian energy materials specialist Homerun Resources Inc has announced the signing of a non-binding Memorandum of Understanding (MoU) with Minerals Development Oman (MDO), the...

MUSCAT: US-based foodtech startup MycoTechnology, which is partnering with Oman Investment Authority (OIA) in the establishment of a landmark mushroom-based protein project in the Sultanate of Oman,...

MUSCAT: Following an unprecedented dip in electricity consumption in 2020, attributable to the economic downturn prevailing at the time compounded further by the pandemic, power demand growth in the...

MUSCAT: A total of eight new industrial, economic, and investment zones were initiated for development at key locations across the Sultanate of Oman during 2023, underscoring a new thrust in the...

MUSCAT: Port of Salalah announced on Thursday the arrival of an initial batch of high-tech Ship-to-Shore (STS) cranes that, upon their installation and commissioning, will enable the handling of the...

MUSCAT: A longstanding plan for the establishment of a renewables-powered liquefied natural gas (LNG) project at the Port of Sohar on Oman’s North Al Batinah coast is set to go ahead with French...