author - oman observer

SALALAH: A monument commemorating the Chinese explorer Zheng He was unveiled on Tuesday under the auspices of HH Sayyid Marwan bin Turki al Said, Governor of Dhofar. The monument, located at a...

HSBC Bank Oman SAOG and Sohar International Bank SAOG have officially announced their plan to merge, following the approval of both banks' Boards of Directors. The proposed merger, subject to...

Dhofar Foods & Investment Company SAOG has announced that it has won approval of its previously submitted offer by Dhofar International Development and Investment Holding SAOG and Dhofar Insurance...

MUSCAT: In support of Oman’s goal of achieving net neutrality in transportation and promoting a sustainable and green economy, a number of government agencies are taking steps to enable the...

Muscat: Oman's Ministry of Commerce, Industry, and Investment Promotion is taking proactive steps to enhance economic competitiveness and improve the business environment in the Sultanate of Oman. In...

Rival suitors Oman International Development and Investment Co SAOG (Ominvest) and Bank Dhofar have submitted sweetened offers for Ahli Bank as competition for the Omani lender heats up. Ahli Bank...

Muscat: The Sultanate of Oman's expatriate workforce continues to thrive, with the total number of migrant workers reaching 1.776 million by the end of April 2023. The latest data released by the...

MUSCAT: Sohar Power Company SAOG, a leading player in Oman’s electricity generation sector, has scheduled an extraordinary general assembly (EGM) to assess and analyse potential insolvency...

MUSCAT: Swedish based international Oil & Gas firm Maha Energy has described the initial finds of its production test conducted on Block 70 onshore Oman as “promising”. The test, centring on Alpha...

Al Dakhiliyah Governorate has been chosen as the distinguished icon for the celebration of World Intellectual Property Day in the Sultanate of Oman. Al Dakhiliyah’s selection serves as a testament...

The Ministry of Transport, Communications and Information Technology and the Oman Vision 2040 Implementation Follow-up Unit have jointly announced the commencement of the second phase of Manjam Lab -...

MUSCAT: Following on from its submission of a revised non-binding merger proposal to Ahli Bank on Wednesday, Bank Dhofar on Thursday outlined the terms of its offer, stressing that the synergies...

Oman’s Ministry of Energy and Minerals has invited interested investors and developers to bid for exclusive mining rights to two marble-rich sites located at Ibri in Al Dhahira Governorate.The two...

MUSCAT: The Small and Medium Enterprises Development Authority (SMEDA) recently unveiled the eagerly awaited second edition of its prestigious Promotional Directory. This directory caters specifically...

The Sultanate of Oman celebrated World Intellectual Property Day on Wednesday. As part of the celebrations, the Ministry of Commerce, Industry and Investment Promotion launched a new service that...

Bank Dhofar has officially submitted a revised non-binding merger proposal to Ahli Bank. This comes after the response received from Ahli Bank’s board of directors regarding Bank Dhofar's initial...

Oman's real estate sector is experiencing the effects of the recently introduced value-added tax (VAT), which came into effect on January 1, 2021. While the implementation of VAT has presented...

In a significant development, Oman International Development and Investment Company (Ominvest) has announced it will helm a consortium bidding to acquire Ahli Bank SAOG.Publicly traded Ominvest, a...

The Small and Medium Enterprises Development Authority (SMEDA) and the Oman Chamber of Commerce and Industry (OCCI) have partnered to help small businesses in Oman thrive. The partnership will focus...

Oman Flour Mills (OFM) and its investment arm, Atyab Investments, are pressing ahead with the implementation of a number of initiatives to strengthen its leading role in the domestic food sector, as...