author - oman observer

MUSCAT: Oman's banking sector assets expanded by 9.2 per cent to RO 48.7 billion in 2025, as lending and deposits grew and the Central Bank of Oman (CBO) lowered its policy rate in step with the...

MUSCAT, SEPTEMBER 9 MUSCAT: Oman recorded a fiscal deficit of RO 461 million in 2025, its first shortfall in four years, as a fall in oil prices dragged hydrocarbon receipts down by 8.6 per cent. The...

MUSCAT, SEPTEMBER 9 Omani and Indian companies were urged on Wednesday to convert the preferential terms of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries into...

MUSCAT: Future Fund Oman (FFO) is backing the development of Muscat's first hospital dedicated to women's health, in what Oman Investment Authority (OIA) has described as a significant...

MUSCAT, AUGUST 31 Al Jazeera Steel Products Co SAOG has completed the incorporation of two wholly-owned subsidiaries in the United States, giving the Suhar-based manufacturer a direct corporate...

MUSCAT: Oman's economy expanded by 2.6 per cent in real terms in the first quarter of 2026, with petroleum activities growing at nearly twice the pace of the non-oil sector, according to the...

AUGUST 26 MUSCAT: The Oman Real Estate Association launched its online platform and signed a series of cooperation agreements on Tuesday at a forum in Muscat dedicated to the role of innovation and...

MUSCAT, AUGUST 25 BALARAB AL TAMIMI Around 50,000 companies in Oman are expected to come under the country's national electronic invoicing system, Fawtara, as the Oman Tax Authority (OTA) works...

MUSCAT, August 23 BALARAB AL TAMIMI The 20th edition of the Rex Fuels Global Expo and Conference will be held in Muscat on August 31, bringing bitumen producers, traders, refiners, logistics operators...

MUSCAT, AUGUST 24 The Omani government spent RO 162 million on petroleum product subsidies in the first half of 2026 — 4.6 times the RO 35 million allocated for the entire year — as it absorbed...

MUSCAT: Muscat-based venture capital firm Cyfr Capital has completed five new investments through its Seed Fund in collaboration with Future Fund Oman (FFO), extending early-stage backing to companies...

MUSCAT, AUGUST 18 Asyad Shipping Company SAOG has taken delivery of the first of two second-hand baby-Capesize dry bulk carriers, with both ships due to enter three-year time charters with an...

MUSCAT, AUGUST 17 A’Saffa Foods SAOG has completed and commissioned its broiler expansion project, lifting annual production capacity to 60 million birds, even as first-half profit fell on higher...

MUSCAT, AUGUST 16 Raysut Cement Company SAOG returned to profit in the first half of 2026, posting a group net profit after tax of RO 2.7 million against a loss of RO 2.8 million a year earlier, as...

MUSCATOman Environmental Services Holding Company (be’ah) directed 23.4 per cent of its total budget to small and medium enterprises in 2025, awarding 35 purchases and contracts worth RO 4 million...

MUSCAT: Oman Environmental Services Holding Company (be’ah) — the national agency overseeing the Sultanate of Oman’s solid waste sector — has formally adopted an Environmental, Social and...

Muscat: Oman Environmental Services Holding Company (be’ah) commissioned some 2.2 million tonnes of new engineered landfill capacity during 2025 and is developing a further 3.4 million tonnes at...

Salalah is set to welcome Oman’s first Rixos-branded resort in early 2027, bringing the chain’s luxury all-inclusive model to Dhofar’s coastline and adding a new international flag to the...

MUSCAT: Dhofar International Development and Investment Company SAOG (DIDIC) reported a net profit after tax of RO 17.404 million for the six months ended June 30, 2026, in its first full half-year...

MUSCAT: A Gulf Cooperation Council (GCC) trade body has concluded that imported calcium chloride was dumped into the GCC market and caused material injury to Gulf producers, but has decided against...