GCC trade volume hits $1.482 trillion in 2023
MUSCAT: The trade volume of the Gulf Cooperation Council (GCC) states reached $1.482 trillion in 2023, according to the 9th Atlas of GCC Statistics for 2024, compiled by the GCC Statistical Centre. ...
TRA sets 6% limit for non-Omani employment in network operations centres
Muscat: The Telecommunications Regulatory Authority (TRA) has issued Decision No. (23-1152/2/18/2024), setting a maximum limit of 6% for non-Omani employment in network operations centres (NOCs)...
Survey launched to evaluate Digital Economy's contribution to GDP
MUSCAT: The Ministry of Transport, Communications and Information Technology, in collaboration with the National Centre for Statistics and Information, commenced the “Digital Economy Contribution to...
Al Buraimi Industrial City inks RO 8m worth projects in H2 2024
MUSCAT: Al Buraimi Industrial City, part of the Public Establishment for Industrial Estates (Madayn), has signed a total of 16 investment contracts during the second half of 2024, with a total...
Launch of workshop in 3D printing at OPAZ
The Public Authority for Special Economic Zones and Free Zones (OPAZ) launched a workshop on Engineering Design in the World of 3D Printing. The workshop aims to enhance the design and innovation...
Oman Nation brand voting drive concludes today
MUSCAT: Following a widespread response to the Oman Nation brand visual identity voting drive, campaign organisers are now encouraging all Omani citizens and residents who haven’t yet cast their...
GCC states record significant financial surplus in 2022-23
MUSCAT: Data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) indicate that the financial risks of the GCC countries will be low in the short...
50 Omani SMEs participate in Omani-Kuwait Economic Exhibition
Kuwait: Fifty Omani small and medium-sized enterprises participated in the Omani-Kuwaiti Economic Exhibition, which took place earlier this week in Kuwait. The four-day exhibition, which began on...
MoTCIT launches digital transformation campaign
MUSCAT: The Ministry of Transport, Communications and Information Technology (MoTCIT) has launched a campaign titled “Digital Transformation: A New Reality,” aimed at advancing digital...
Oman-Kuwait Economic Forum and exhibition to begin today
ONA: The Oman-Kuwait Economic Forum is set to commence on Monday, December 23, 2024, in Kuwait, highlighting the economic and trade ties between the two countries. The forum aims to strengthen...
Oman Competitiveness Index expected to empower governorates: MOE
Muscat: Oman’s Ministry of Economy has introduced the Competitiveness Index, a comprehensive framework designed to evaluate and enhance the performance of all governorates. This initiative focuses...
Fitch upgrades Oman’s outlook to positive
Fitch Ratings recently revised Oman’s outlook from “Stable” to “Positive” while affirming its Long-Term Foreign-Currency Issuer Default Rating at ‘BB+’. This shift reflects a series of...
MSX celebrates listing of Alizz Islamic Bank’s perpetual sukuk for 2024
Muscat Stock Exchange (MSX) announced the listing of Alizz Perpetual Sukuk on its bonds and Sukuk market, with a total value of OMR 30 million comprising a tranche of RO26.15 million and US Dollar...
Pact inked for new mining block in Oman
MUSCAT: The Ministry of Energy and Minerals signed yesterday a mining concession agreement with Al Tamman Indsil FerroChrome LLC to grant it the right to explore and mine in Area 22-D in North Al...
Fisheries Development Oman launches fish canning complex in SEZAD
DUQM: The Special Economic Zone at Duqm (SEZAD) celebrated yesterday the inauguration of the Fish Canning and Value-Added Products Complex, managed by the International Seafood Company (SIMAK), a...
Plans for integrated marketing in agriculture, fisheries sectors
The Ministry of Agricultural, Fisheries, and Water Resources (MAFWR) has confirmed that work is underway to develop the agricultural and fisheries marketing system in the Sultanate of Oman. This...
OQEP’s market capitalisation to hit RO 3.12 bn
MUSCAT: OQ Exploration and Production SAOG (under transformation) (OQEP) has announced that, following the successful completion of the bookbuilding and public subscription process for its initial...
Ministry of Energy and Minerals Signs Two Mining Concession Agreements
Muscat : The Ministry of Energy and Minerals has signed two major mining concession agreements to enhance Oman’s growing minerals sector. These agreements cover Concession Areas 11-A and 51-F,...
Oman takes part in Africa - ME space forum
MUSCAT: The Ministry of Transport, Communications, and Information Technology (MTCIT), represented by the National Centre for AI & Advanced Technologies - National Space Programme, participated in the...
19 SQU engineer trainees to join Duqm steel project
MUSCAT: Vulcan Green Steel has recruited 19 Omani engineering graduates from Sultan Qaboos University to be part of its leadership when its major low-carbon steel complex comes into operation at the...