MSX poised for growth amid economic diversification drive
MUSCAT: In the heart of Oman’s economic diversification efforts, the Muscat Stock Exchange (MSX) has emerged as a key player in reducing the country’s reliance on oil revenues. With significant...
Big push for social and physical infrastructure
Muscat, Jan 2Oman’s General Budget for the Fiscal Year 2025 underscores the government’s commitment to economic sustainability, fiscal prudence, and development in alignment with the financial...
2025 Budget to fund 22 new government schools
MUSCAT: Education remains a cornerstone of Oman’s Vision 2040, and the 2025 State Budget reflects the government’s unwavering commitment to nurturing a knowledgeable and skilled generation.One of...
2025 budget allocates RO 1.5 bn for subsidy support
MUSCAT: The 2025 General Budget is set to play a pivotal role in Oman’s economic and social development journey, with the government allocating significant resources to support critical sectors that...
Focus on education for a brighter future
Education remains a cornerstone of Oman’s Vision 2040, and the 2025 state budget reflects the government’s unwavering commitment to nurturing a knowledgeable and skilled generation. By allocating...
Additional revenue in 2024 utilised for social spending, debt reduction
Muscat – The Sultanate of Oman has effectively utilized its additional revenue for 2024 to prioritize social spending and reduce public debt, according to preliminary results released by the...
Oman Budget 2025 focuses on sustainability, social welfare
Muscat: The Ministry of Finance has announced Oman’s general budget for the fiscal year 2025, unveiling a strategic plan aimed at achieving sustainable economic growth while prioritizing social...
New guidelines for govt contracts
MUSCAT: In a move to strengthen fiscal discipline and streamline the management of financial commitments, the Ministry of Finance has issued Circular No (5/2024), detailing a comprehensive framework...
Major boost for 913-strong Sanad Services national network
MUSCAT: The Ministry of Commerce, Industry and Investment Promotion organised the Sanad Service Centres Forum & Exhibition, titled ‘Empowerment and Sustainable Growth’, at the JW Marriott Hotel in...
A’Saffa Foods to boost poultry production
MUSCAT: The Board of Directors of A’Saffa Foods SAOG has announced an ambitious expansion plan to significantly increase its broiler chicken production capacity. The plan will see production grow...
New electricity tariffs come into effect on Wednesday
Muscat: The Authority for Public Services Regulation (APSR) has published electricity tariffs applicable to residential and large non-residential customers, as well as electricity connection and...
Loan scheme for laid-off employees extended
Muscat: In a bid to provide continued financial relief to citizens affected by job losses, the Central Bank of Oman (CBO) has extended its loan deferment programme until December 2025. The scheme,...
Elon Musk and GCC: a partnership shaping the Gulf’s tech future
Elon Musk, a global icon of innovation, has extended his influence beyond electric vehicles and space exploration to redefining the future of artificial intelligence (AI) through his company, xAI....
Energy and utility sectors perform steadily in 2024
MUSCAT: Oman’s energy sector continues to evolve as a cornerstone of the nation’s economic strategy, reflecting resilience, adaptability, and a forward-looking vision. The latest report from the...
2024 a landmark year for Omani investments in strategic sectors
Dec 22, 2024, MUSCAT: Oman has achieved remarkable economic transformation in 2024, establishing itself as a hub for investment and fiscal sustainability. Guided by Oman Vision 2040, the Sultanate of...
New wave of solar energy projects in Oman
Oman is making bold moves to secure its place as a leader in renewable energy. With the recent announcement by Nama Power and Water Company to develop an additional four major solar energy projects,...
Oman gears up for digital economy revolution
MUSCAT, DEC 18The Oman Chamber of Commerce and Industry (OCCI), in collaboration with the Ministry of Transport, Communications and Information Technology, hosted the first CEOs meeting for startups...
The Oman Chamber of Commerce and Industry (OCCI), in collaboration with the Ministry of Transport, Communications, and Information Technology, hosted the first CEOs meeting for startups and technology...
Oman unveils $12 million tuna farming project
MUSCAT, DEC 17Oman has unveiled a tuna fattening project using floating cages, an initiative designed to enhance food security and drive economic diversification. Located in Qurayyat, Muscat, the...
Pricing IPOs requires balancing key factors for success: Expert
MUSCAT, DEC 17The Muscat Stock Exchange (MSX) has recently witnessed a wave of new listings, sparking discussions around pricing strategies and the fairness of initial public offering (IPO) prices....