Ominvest secures $500 million facility
MUSCAT, JAN 8Oman International Development and Investment Company SAOG (Ominvest), a leading investment powerhouse in Oman, has secured a five-year financing facility worth $500 million...
Roadshow highlights goals of Oman’s digital economy
MUSCAT, JAN 8Oman’s Ministry of Transport, Communications, and Information Technology wrapped up its Digital Economy Awareness Tour, a nationwide initiative aimed at accelerating the country’s...
Ominvest secures $500 million facility to drive strategic growth
MUSCAT: Oman International Development and Investment Company SAOG (Ominvest), a leading investment powerhouse in Oman, has secured a five-year financing facility worth $500 million (approximately RO...
Awareness tour on digital economy concludes
Muscat - The Ministry of Transport, Communications, and Information Technology (MTCIT) wrapped up its Digital Economy Awareness Tour, a nationwide initiative aimed at accelerating the country’s...
National Lab for Local Content to launch next week
MUSCAT, JAN 7In a significant step towards enhancing Oman’s economic sustainability and promoting local content, the Secretariat General of the Tender Board is set to inaugurate the National Lab for...
Abundant green spaces signature feature of Sultan Haitham City
MUSCAT, JAN 6A remarkable 3 million sq metres of the total area of Sultan Haitham City have been earmarked for a diverse array of parkland features and green spaces, underscoring the emphasis on...
What are 11 e-services introduced by ROP in 2024?
Muscat:The Royal Oman Police (ROP) unveiled a groundbreaking initiative with the launch of 11 new electronic services in 2024 aimed at simplifying procedures, enhancing efficiency, and aligning with...
Personal Income Tax: A visionary policy for equity, sustainable progress
The introduction of a personal income tax targeting high earners, as recently proposed by the Ministry of Finance, represents not only a pragmatic fiscal policy but also a moral imperative in the...
Opinion- Oman launches bold measures to boost SMEs
MUSCAT: The Ministry of Finance has launched a robust package of initiatives aimed at strengthening Oman’s private sector, empowering small and medium enterprises (SMEs), and advancing sustainable...
Oman earmarks $11.5 billion budget towards key sectors
MUSCAT: Oman has earmarked a sizable investment budget of $11.5 billion (RO 4.44 billion) towards key sectors of the economy in 2025, signaling a commitment to economic diversification and long-term...
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...