author - oman observer

ABU DHABI, JAN 14Short-term actions must be given top priority to urgently accelerate the energy transition in the coming years and course correct the 1.5°C pathway to 2050. This is the message sent...

ABU DHABI: The Abu Dhabi Sustainability Week (ADSW) Summit will take place here on January 16 and 17, bringing together heads of state, policymakers, industry leaders, and entrepreneurs from around...

Omantel has announced that its subsidiary, Mobile Telecommunications Company (Zain KSA), has completed the sale of stakes in its tower infrastructure Golden Lattice Investment Company, owned 60 per...

Royal Directives issued yesterday by His Majesty Sultan Haitham bin Tarik calling for, among other things, the suspension of withholding tax on the distribution of dividends and interest on...

Oman National Engineering and Investment Company (ONEIC), a local company listed on the Muscat Stock Exchange (MSX), says it plans to launch an ‘electronic wallet’ service during 2023. It follows...

MUSCAT, JAN 8Muscat Stock Exchange (MSX) announced on Sunday the temporary suspension of trading in the shares of publicly-listed Gulf Stone Company following the latter’s disclosure that it has...

MUSCAT, JAN 7The first phase of the government’s Fast Track programme, aimed at accelerating investments in key economic sectors, has so far pulled in $2.779 billion in new project investments,...

The Ministry of Housing and Urban Planning has signed agreements to support the development of two new integrated residential neighborhoods (Souroh) at Halban and Al Amerat at a total cost of RO 160...

Leading Omani construction firm Galfar Engineering & Contracting says it has been awarded a contract valued at around RO 9 million for the maintenance and operation of the electrical and mechanical...

Majority state-owned Petroleum Development Oman (PDO) is harnessing 3D printing technology to manufacture thousands of unique spare parts for its oilfield operations with technological support from...

A string of national programme launched by the Omani government as part of the Tenth Five-Year Development Plan will contribute to achieving the objectives of Oman Vision 2040, the Ministry of Finance...

MUSCAT: Oman’s Ministry of Finance unveiled on Sunday, January 1, 2023, a deficit budget for 2023 which, nevertheless, reflected the Omani government’s continued commitment to maintaining fiscal...

MUSCAT: Natural gas’s contribution to the 2023 budget revenues is estimated at RO 1.400 billion – a direct result of the recent establishment of the Integrated Gas Company (IGC), the Ministry of...

MUSCAT: Ongoing efforts to reduce the size of the Sultanate of Oman’s public debt was significant beneficial implications for the Omani economy, according to the Ministry of Finance.Besides...

The MSX Index (MSX30) of Muscat Stock Exchange closed the year 2022 at 4,857.439, having increased by 728 points – an impressive growth of 17.6 per cent during the year. With this growth, the MSX is...

In a filing to the Capital Market Authority (CMA) on Wednesday, publicly-listed Oman Qatar Insurance Company SAOG (OQIC) announced the approval of a proposal to merge with Vision Insurance Company...

Polling for the municipal council elections in Dhofar Governorate saw a huge turnout of voters on Sunday. As many as 60,679 eligible voters cast their ballots across the governorate, underscoring the...

The Central Bank of Oman (CBO) is encouraging commercial establishments, particularly small and medium enterprises (SMEs), to embrace electronic payment and bank card options for all their financial...

MUSCAT, DEC 24Preliminary estimates of the 2023 State Budget, released by the Omani Ministry of Finance last week, indicate that 34 per cent of the total budgetary allocations for the coming year are...

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...