author - oman observer

Oman Investment Authority (OIA), the integrated sovereign wealth fund of the Sultanate of Oman, plans to ramp up investments across its sizable portfolio in 2023, as well as exit certain other...

MUSCAT, DEC 18A major fisheries port planned for development at the Special Economic Zone (SEZ) in Duqm will seek to anchor the Sultanate of Oman’s leading position among world-scale hubs in the...

MUSCAT: Marsa Al Duqm Investments Company, a multinational consortium, has signed a usufruct agreement with the Public Authority for Special Economic Zones and Free Zones (OPAZ), to develop the...

MUSCAT, DEC 14Around 125 training slots have been made available by the Indian government to Omanis this year as part of the ‘Indian Technical & Economic Cooperation (ITEC)’ programme.This was...

MUSCAT, DEC 13Swedish upstream energy firm Maha Energy has announced that its sale of a 35 per cent participating interest in Oman's Block 70 to Mafraq Energy LLC has been approved by the Omani...

MUSCAT, DEC 12The 2nd International Conference on Economics and Business Administration, focusing on the theme, “To Promote Innovative Industries for Sustainable Growth and Development’, began on...

MUSCAT, DEC 11The MSX30 Index of Muscat Stock Exchange continued its rise to break the 4,800-point barrier as trading levels soared to new highs on Sunday, December 11, 2022.The MSX30 Index gained...

MUSCAT: To help boost self-sufficiency in the food sector, around 100 food related projects worth a total investment of RO 1.3 billion are currently in development or operation in Sultanate of Oman,...

MUSCAT: Gulf International Poultry Farm (GIPF), one of the Gulf region’s biggest table egg production farms, was formally inaugurated at Subaikhi in the Wilayat of Ibri in Al Dhahirah Governorate on...

MUSCAT: Supporting regulations underpinning Oman’s emerging green hydrogen industry are expected to be issued by the end of the first quarter of 2023, Eng Salim bin Nasser al Aufi, Minister of...

MUSCAT: An ‘Investment and Emerging Companies Summit’ will be held at the Oman Convention and Exhibition Center during December 12-13, 2022, under the auspices of His Highness Sayyid Bilarab bin...

MUSCAT, DEC 3Leading organisations from across the air logistics industry in the Sultanate of Oman have pledged to strengthen efforts in support of the government’s goal place the country on the...

MUSCAT, NOV 29National carrier Oman Air has posted a 66 per cent increase in its cargo business during the Jan – Oct period of 2022, compared to the same period in 2021.As many as 1,038 cargo...

MUSCAT, NOV 27The MSX Index gained 52 points to close at 4,607.250 on Sunday, November 27, 2022 – an increase of 1.140 per cent – in response to the latest upgrade in the Sultanate of Oman’s...

MUSCAT, NOV 26Leading international rating agency S&P has upgraded the credit rating of the Sultanate of Oman from “BB-” to “BB” with a stable outlook, attributing this enhanced to the...

Muscat: Sweets of Oman SAOG, an Omani confectioner well-known for its production of world-class sweets at competitive costs, has decided to go into liquidation.The announcement came following a...

MUSCAT: A five-day Frankincense Festival will showcase the Sultanate of Oman's incense-based heritage, the centrestage of which is Salalah in Dhofar Governorate.From November 28 to December 2, there...

MUSCAT, NOV 23Oman Flour Mills Company announced on Wednesday that it has received a letter from the government pledging financial support for four basic raw material inputs that go into the...

MUSCAT, NOV 22In line with its core values, innovative mindset and commitment to sustainability, Bank Nizwa became the first Islamic bank in Oman to introduce Shariah-compliant eco-friendly credit and...

MUSCAT, NOV 21Inflationary pressures lifted the Consumer Price Index in the Sultanate of Oman 2.4 per cent in August 2022, according to the latest data issued by the National Center for Statistics and...