IMF team confers with Omani Economic Association experts
Muscat: A team of officials from the International Monetary Fund (IMF), currently on an Article IV Mission to the Sultanate of Oman, met with representatives of the Omani Economic Association here...
Oman Fisheries posts losses of RO 2.472m in 9M 2023
MUSCAT : Oman Fisheries Company (OFC), a publicly traded company partly owned by Fisheries Development Oman SAOC, has reported a net loss of RO 2.472 million for the initial three quarters of 2023, up...
RO 53m contract for Al Ansab – Al Jifnain road dualisation awarded
MUSCAT : Leading Omani construction firm Galfar has won the RO 53 million Al Ansab-Al Jifnain Road Dualization Project from Muscat Municipality. The project has a 30-month execution period plus a...
Dhafar back to normal; all roads reopen
SALALAH: A supervisor at a Relief and Shelter Sector in Dhofar announced that all citizens and residents can leave the temporary shelter and return to their homes, as the effects of the tropical...
Dhofar shelter centers close as impact of Tej ends
Salalah: A supervisor at a Relief and Shelter Sector in Dhofar has announced that all citizens and residents can now leave the temporary shelter and return to their homes, as the effects of the...
Heavy rains lash Dhofar after Tej makes landfall
SALALAH: Heavy rains accompanied by strong winds and high sea waves lashed Salalah in Dhofar Governorate and its mountainous areas on Tuesday morning as Tropical Cyclone Tej made landfall. The rains...
Authorities urge people to prepare for heavy rains
Muscat: With tropical storm Tej looming over the horizon in the Arabian Sea, authorities have issued a strong appeal to the general public to prepare for heavy rains expected in the coming days.In a...
Duqm has potential to become green metallics hub: Vale
MUSCAT: Brazilian based mining conglomerate Vale SA says it is keen to position Oman’s Duqm Special Economic Zone (SEZ) as global hub for green metallics production, leveraging the abundance of...
National Gas to develop Truck Rest Area project at Khazaen
MUSCAT: National Gas Company, based in Rusayl Industrial City in Muscat, has announced the signing of a 44-year lease contract with Khazan Economic City for the development and maintenance of the...
Oman hosts delegation from Korean semiconductor giant SK Hynix
MUSCAT: A high-level delegation representing South Korean semiconductor giant SK Hynix arrived here on Thursday, October 19, 2023, to explore investment opportunities in the Sultanate of Oman.The...
Sohar International Bank to commence operations in Riyadh
MUSCAT: Sohar International Bank, a leading Omani bank, has received a no objection letter from the Saudi Central Bank (SAMA) to commence operations in Riyadh, the Kingdom of Saudi Arabia. This is a...
Pacts signed for 6 major projects at Duqm SEZ
DUQM: His Highness Sayyid Theyazin bin Haitham al Said, Minister of Culture, Sports and Youth, presided over the opening of the 1st Duqm Economic Forum at the Special Economic Zone at Duqm on Monday,...
Duqm Economic Forum highlights Oman's green manufacturing potential
DUQM: His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports, and Youth, inaugurated the 1st Duqm Economic Forum, which opened on Monday, at the Special Economic Zone at Duqm...
Oman commercial banks post 44% profit surge in first 9 months of 2023
MUSCAT: Oman's commercial banks have posted a remarkable surge in profits for the first three quarters of 2023, driven by rising interest rates, accelerated economic growth, and enhanced operational...
Case against Raysut Cement referred to court
MUSCAT, OCT 15As part of the regulatory role of the Capital Market Authority (CMA) towards public joint stock companies and referring to the report filed previously by the CMA to the Public...
Coastal women play vital role in Oman's fisheries sector: FAO
MUSCAT, OCT 11The fisheries sector in Oman plays an important role in achieving food security and eradicating poverty, according to Hasna al Harthiya (pictured), Assistant Representative of the Food...
Weed growth erodes output of Omani wheat: Study
MUSCAT, OCT 11A comprehensive research study conducted at Sultan Qaboos University has revealed a persistent issue in the extensive wheat fields of Najd in Dhofar Governorate: the rampant growth of...
Locally sourced building materials key to construction sustainability
SALALAH, OCT 10A key forum on urban planning, held in Salalah recently, has underscored the importance of utilizing locally sourced natural building materials in the construction of residential,...
National Gas divests UAE subsidiary
MUSCAT, OCT 10National Gas, a publicly traded company listed on the Muscat Stock Exchange (MSX), announced yesterday, October 10, 2023, the completion of the sale of its UAE subsidiary, Arabian Oil...
First-ever marriage counselling initiative
The government has launched a pioneering national marriage counselling programme, aptly named “Tamask,” an Arabic word translating to ‘cohesion’.This programme is tailored to empower couples...