MSX30 Index declines 7.1% in 2023
MUSCAT: Oman's benchmark stock market index, the MSX30, ended 2023 with a 7.1% decline, largely burdened by the global oil price slump. However, two major initial public offerings (IPOs), improved...
Private investment sought for 500 acres of agricultural land in Al Amerat
MUSCAT: The National Employment Program (Tashgheel), in cooperation with the Ministry of Agriculture, Fisheries and Water Resources and the Ministry of Housing and Urban Planning, is offering around...
Omani engineering firm secures Sohar Titanium contract
MUSCAT: In a filing to the Muscat Stock Exchange (MSX), Oman National Engineering & Investment Company (ONEIC), a publicly traded Omani contractor, has announced that it has been awarded a significant...
Dhofar gears up for Diploma examinations
SALALAH, DEC 26The Directorate-General of Education in Dhofar Governorate held a meeting to discuss the final preparations for the first round of the General Diploma Examinations for 2023/2024. Dr...
22.3% surge in active commercial enterprises in 2022
MUSCAT, DEC 25Oman's economic landscape witnessed a vibrant transformation in 2022, marked by a substantial 22.3% growth in active commercial enterprises, as revealed by the National Centre for...
Logistics thrives with 15.4% sector growth in 2022
MUSCAT, DEC 25Oman's strategic pursuit to establish itself as a regional logistics hub achieved substantial progress in 2022, boasting a remarkable 15.4% year-on-year sector growth, as reported by the...
Uptick in employment trends in 2022
MUSCAT: The National Centre for Statistics and Information (NCSI) has released its annual report on the labour market in the Sultanate of Oman, which reveals an increase in the employment rate in...
Increased agro production boosts food security and economic growth
MUSCAT, DEC 23The total value of agricultural production in Oman in 2022 was about RO 5.3 billion, representing an increase of 3.9% from the previous year, according to figures released by the...
10 agro investment opportunities launched via Tatweer platform
MUSCAT: Oman's vibrant agricultural landscape is flourishing with exciting investment opportunities, thanks to the launch of Tatweer, a dynamic online platform spearheaded by the Ministry of Housing...
Muscat Stock Exchange updates Shariah Index
MUSCAT, DEC 20The Muscat Stock Exchange (MSX) announced on Wednesday a significant update to its Shariah Index, reflecting the evolving dynamics of the ethical investment market in Oman. This move...
Dhofar celebrates Arabic Language Day
SALALAH, DEC 19The Directorate General of Education in Dhofar Governorate hosted on Tuesday a commemorative event marking the International Day of the Arabic Language at Sultan Qaboos Youth Complex...
Cooperatives poised to transform Dhofar's economic landscape
SALALAH, DEC 19Oman Chamber of Commerce and Industry's Dhofar branch hosted on Tuesday, December 19, 2023, a gathering of experts and intellectuals to discuss the potential role of consumer...
13 institutions offer diverse pathways at Dhofar Higher Education Expo
SALALAH: The Sultan Qaboos Youth Complex for Culture and Recreation in Salalah buzzed with excitement on Tuesday as the first Higher Education Institutions Exhibition kicked off. Organised by the...
Credit Oman workshop prepares Dhofar businesses for export markets
SALALAH, DEC 11On a mission to empower Omani businesses to conquer global markets, the Oman Chamber of Commerce and Industry (Dhofar branch), alongside Credit Oman - the leading export credit agency...
Frankincense Festival draws 10,000 visitors as Dhofar welcomes cruise ship boost
SALALAH: The 2023 Frankincense Season has concluded, leaving behind a legacy of cultural celebration, while buoying economic activity. More than 10,000 visitors flocked to the historical sites of...
5-year fisheries investment strategy unveiled in Oman
MUSCAT: The Ministry of Agriculture, Fisheries, and Water Resources (MAFWR) has rolled out a strategic plan, offering lucrative investment openings for the management and operation of fish markets in...
Conservation of frankincense heritage hailed
Salalah: The Omani government’s efforts to preserve the country’s rich heritage around frankincense, as well as promote the cultural legacy behind it, has been lauded by a leading Middle East...
Sohar Power Company appeals bankruptcy rejection order
MUSCAT: Publicly traded company Sohar Power Company SAOG has announced the filing of an appeal with the Seeb Appeals Court against the rejection of its bankruptcy application by the primary court on...
Oman expat workforce records 1.2% increase in October
Muscat - The National Centre for Statistics and Information (NCSI) has reported a 1.2 percent increase in the foreign workforce in the Sultanate of Oman to reach 1,832,729 workers in October 2023,...
Cultural extravaganza marks opening of Frankincense Season
A cultural event marking the opening of the Frankincense Season in Dhofar was held under the auspices of Salem bin Muslim Qatan, Deputy Chairman of the State Council, in the presence of a number of...