Oman Chromite, MDO partnership to unlock new chromite reserves
Oman Chromite Company, a publicly traded company listed on the Muscat Stock Exchange (MSX), has signed an agreement with Minerals Development Oman (MDO), the state-owned mining and minerals processing...
Oman’s Energy Ministry clarifies on West Bukha/Hengam field
MUSCAT, JUNE 7Oman’s Ministry of Energy and Minerals has announced that no agreement has yet been reached on the allocation of shares between the Sultanate of Oman and the Islamic Republic of Iran...
Plan for development of Salalah’s Al Mughsayl Beach
MUSCAT, JUNE 5Al Mughsayl Beach, one of the Sultanate of Oman’s most spectacular waterfront attractions, will be further developed to drive tourist traffic and investment inflows into this popular...
20 plots offered for investment via public auction in Misfah
MUSCAT, JUNE 4As many as 20 land plots, spread across a total area of around 24,000 sq metres, will be auctioned off for industrial and economic investment at Misfah in the Wilayat of Bausher in...
Energy sector leads in social investment in the Sultanate of Oman
Leading oil and gas companies operating in the Sultanate of Oman undertook as many as 121 social investment projec ts in various parts of the country during 2021, the Ministry of Energy and Minerals...
Al Maha Ceramics acquires 45% of Al Hael Ceramics
Well-known Omani ceramics manufacturer Al Maha Ceramics Company SAOG has announced in a filing to the Capital Market Authority (CMA) that it has signed a Sales & Purchase Agreement (SPA) to acquire 45...
Spiralling global inflation fuelling commodity price increases in MENA: IMF report
MUSCAT, MAY 29A report by the International Monetary Fund (IMF) has warned that spiralling international inflation is a principal factor behind rising commodity prices in the Middle East & North...
Riyada reaffirms funding support for Omani SMEs
The Public Authority for SME Development (Riyada) has reaffirmed its pledge to ensure that Omani small and medium enterprises (SMEs) get funding support ranging from RO 15,000 to RO 250,000 against...
New drive to put accent on fair competition, monopoly prevention
An awareness campaign will shortly get underway in the Sultanate of Oman signaling the Omani government’s intention to combat anti-competitive and monopolistic market practices.The campaign,...
Muscat to host 3rd Arab Competition Forum
The Sultanate of Oman, represented by the Center for Competition Protection and Monopoly Prevention at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), will host on Tuesday, May...
Malaysia a popular destination for Omani tourists
Malaysia is positioning itself as a welcoming, cost-competitive family holiday destination for Omanis this summer as the southeast Asian nation competes with other international destination for...
Oman committed to promoting and safeguarding youth innovations
Developing national competencies: World IP Day celebrations underscore role of youth in driving sustainable futureMUSCAT, APRIL 27The Sultanate of Oman observed The World Intellectual Property Day on...
Consumer cooperatives can drive socioeconomic growth: Experts
MUSCAT, APRIL 26The potential for the growth of consumer cooperatives in the Sultanate of Oman was highlighted at a Ramadhan Evening hosted by the Oman Chamber of Commerce and Industry on Monday...
Assets of Oman Investment Authority split among two pillars
New focus: National Development Portfolio and Future Generations Fund created to achieve strategic goalsMUSCAT, APRIL 25Oman Investment Authority (OIA), the integrated sovereign wealth fund of the...
Oman Flour Mills subsidiary announces Australia foray
MUSCAT, APRIL 24Atyab Investments, the investment arm of Oman Flour Mills (OFM), has set up a new company in Australia, one of the world’s biggest grain and livestock farming nations.OMAUS Pty...
Key milestone completed in North-South Interconnector Project
MUSCAT, APRIL 23Oman Electricity Transmission Company (OETC), member of Nama Group, celebrated over the weekend the completion and commissioning of the first node of the landmark North-South...
MAFWR says 627 fisheries violations recorded in March
Over a tonne of Omani lobster fished illegally in the waters of the Sultanate of Oman outside the designated harvest season were seized by authorities during the month of March 2022, The Ministry of...
Oman’s economy on solid path to recovery, says World Bank
MUSCAT: A new World Bank report on the Gulf Cooperation Council (GCC) states foresees a significant improvement in the Sultanate of Oman’s fiscal and external positions in 2022, on the back of...
Muscat Food Bank helps fight waste, channels surplus food to the needy
MUSCAT: A one-of-a-kind food bank initiative launched by a group of leading Omani dignitaries and officials is helping channel surplus cooked food to less privileged sections of the community.The...
Investment Residency Visas net RO 106m in investments
Investments garnered through the Investment Residency Visa programme launched with the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) amounted to over RO 106 million to date,...