author - oman observer

MUSCAT, APRIL 7 Sohar International Bank SAOG said on Monday it had submitted a letter of intent to Ahli Bank SAOG proposing a merger by incorporation, a move that would consolidate the two lenders’...

MUSCAT, April 7 Oman’s growing non-oil trade relationship with the United States is coming under renewed scrutiny, as concerns mount over the long-term implications of American tariff policies on...

MUSCAT: Despite global oil prices averaging around $69 per barrel, Oman is expected to maintain a budget surplus in 2025 — a notable shift from 2018, when the same price level resulted in a deficit...

MUSCAT: Oman’s economy is entering a new demographic phase. According to projections by the National Centre for Statistics and Information (NCSI), the Sultanate of Oman’s population is expected to...

MUSCAT: US President Donald Trump’s surprise announcement of sweeping new tariffs — unveiled during what he dubbed “Liberalisation Day” — has rattled global markets and introduced a fresh...

MUSCAT: In a significant boost to investor confidence, Standard & Poor’s Global Ratings (S&P) has reaffirmed the Sultanate of Oman’s long-term sovereign credit rating at ‘BBB-’ with a Stable...

MUSCAT: Oman’s state-owned mining investment firm, Minerals Development Oman (MDO), has reported a significant expansion of its project pipeline as it continues to add value to the country’s...

SALALAH, MARCH 29As Eid approaches, shoppers in the Wilayat of Salalah are increasingly being asked to transfer payments to personal bank accounts rather than using approved electronic systems—an...

In a timely and forward-looking initiative, Oman’s Civil Aviation Authority (CAA) has announced a plan to grant temporary domestic air permits on the Muscat–Salalah and Suhar–Salalah routes...

Oman is steadily advancing toward its Vision 2040 goals, with renewable energy playing a crucial role in its economic diversification strategy. With an abundance of sunlight, the country has invested...

Doha: Hamad International Airport (DOH), recognized as the world’s best airport by Skytrax in 2024, has officially opened its new Concourses D and E, significantly increasing its annual passenger...

MUSCAT: In a decisive move to reinforce market confidence, wholly state-owned integrated logistics enterprise Asyad Group SAOC has acquired 21,591,628 shares of newly listed Asyad Shipping SAOG at an...

Oman’s labour market is grappling with significant challenges, particularly the issues of concealed trade and unregulated labour. Concealed trade occurs when businesses are officially registered...

Muscat: The Ministry of Energy and Minerals has entered into an Exploration and Production Sharing Agreement (EPSA) with OQEP and Genel Energy to develop Block 54 (also known as the Karawan...

Muscat: Building on the success of its inaugural edition, Oman Water Week (OWW) 2025 returns as the region’s leading platform for advancing water sector dialogue, innovation, and...

MUSCAT, March 10In today’s rapidly evolving job market, organizations must adopt advanced strategies to attract, develop, and retain top talent. As global competition for skilled professionals...

MUSCAT, MARCH 9Said Ahmad founded Al Fawaz Tours in 1989 in Salalah. At the time, Oman’s tourism sector was in its infancy, particularly in the southern Dhofar Governorate.By launching Al Fawaz...

Oman’s economy is currently heavily reliant on oil and gas, which form the backbone of its revenue and exports. Hydrocarbon revenues account for approximately 70% of budget income, while the sector...

MUSCAT: Oman is setting its sights on becoming a major player in the global hydrogen economy, with plans to develop 30 gigawatts (GW) of hydrogen production capacity by 2040 and attract $34 billion in...

A new study published by Oman’s Environment Authority (EA) in the prestigious Pollution Study Journal has raised concerns over small-scale marine oil spills of unknown origin, warning that these...