author - oman observer

MUSCAT, OCT 19 Ubar Hotels & Resorts SAOG has secured Financial Services Authority approval for a rights issue that will add RO 2.5 million to its share capital. The hospitality company will offer 25...

MUSCAT, OCT 15 Masin AI has launched an artificial intelligence platform for construction contracts and claims in Oman, aiming to help project owners, contractors and consultants identify delay risks,...

MUSCAT, OCT 13 Oman’s peak electricity demand is expected to rise to 12,000 megawatts (MW) by 2031 from around 7,500 MW in 2024, requiring substantial investment in the grid as the country increases...

MUSCAT, OCT 12 Oman's electricity generation rose 5.7 per cent in the first half of 2026, as the country works to lift the share of renewables in its power mix to as much as 40 per cent by 2030....

MUSCAT: Seven Omani space technology start-ups that graduated from the country’s first national space accelerator are forecast to generate combined annual revenue of around RO 2.5 million and...

MUSCAT, OCT6 Muscat-based space propulsion startup Rocket Elements and Technologies (RE&T) has unveiled Khanjar-1, a reusable liquid-fuelled rocket engine it describes as Oman’s first. The company...

Muscat: France hopes to see the first rocket launch from Oman’s spaceport in Duqm next year, French Ambassador Nabil Hajlaoui said on Sunday, as government officials, space companies and investors...

MUSCAT: Hema Energy plans to list part of its business on the Muscat Stock Exchange in 2030 or 2031 and is preparing a new corporate structure for the proposed offering, Group Managing Director Azzan...

MUSCAT; The speed at which employers’ skills requirements are changing has emerged as a bigger labour-market challenge than unemployment, according to the Ministry of Labour, which has called on...

MUSCAT, SEPT 29 Omani manufacturers seeking duty-free access to the United States must comply with detailed rules of origin under the two countries’ free trade agreement (FTA), even as some...

MUSCAT, SEPT 28 Omani exporters seeking US government business may find their strongest initial customers among companies that already supply federal agencies rather than the agencies themselves,...

MUSCAT, SEPT 27 The Oman Trade Office US (OTO US) is working with about 110 Omani companies seeking access to the US market and has held around 370 sessions over the past year, its managing director...

MUSCAT: Asyad Shipping Company has taken delivery of Ain Al Sarooj, the first of two Kamsarmax dry bulk carriers it agreed to buy earlier this year, and the vessel has gone straight into a one-year...

MUSCAT, SEPT 24 Omani companies seeking to enter the US market could receive support ranging from export-readiness assessments to help meeting US regulatory requirements, under a proposed package...

MUSCAT, SEPT 23 Oman's private sector produced about RO 22.4 billion in output in 2024, equivalent to around 54.3 per cent of gross domestic product, according to figures presented at the 14th...

MUSCAT, SEPT 22 OQ Base Industries (SFZ) SAOG has reported an audited net profit of RO 43.5 million for the six months ended June 30, 2026, an increase of 86 per cent on the corresponding period of...

MUSCAT, SEPT 21 Asyad Shipping Company SAOG has agreed the sale of three tankers — two very large crude carriers and one medium range product tanker — for a combined RO 68.44 million ($177.7...

MUSCAT, SEPT 20 Asyad Group expects to sell at least 5 per cent more of Asyad Shipping Company before the second anniversary of the company's stock market listing, lifting its public free float...

MUSCAT: Oman spent RO 162 million supporting petroleum product prices in the first half of 2026 — roughly 4.6 times the RO 35 million allocated for the full year — according to an analysis of the...

MUSCAT, SEPT 13 Omani merchandise exports fell 7.3 per cent to RO 23.228 billion, while imports rose 2.8 per cent to RO 17.313 billion, according to the Central Bank of Oman's newly released...