HSBC Oman, Sohar Int agree to merger
HSBC Bank Oman and Sohar International said on Wednesday they have entered into a binding merger agreement.The two banks said in separate regulatory announcements that all of HSBC Oman's assets and...
Oman’s economic recovery is gaining traction: IMF
The Sultanate of Oman’s overall GDP growth is projected at 4.3 per cent in 2022, supported by increased hydrocarbon production and continued recovery of non-hydrocarbon economic activity, according...
Studies highlight Najd’s potential to attract agribusinesses
The Najd area of Dhofar Governorate has the potential to evolve into Oman’s predominant agriculture and farming hub provided its development is part of a carefully considered long-term strategy,...
All set for OCCI elections on Nov 22
The Oman Chamber of Commerce and Industry (OCCI) Elections Committee met here on Monday, November 14, 2022, to approve the final list of candidates for membership of the Chamber’s board of directors...
The Pearl REIF lists on MSX
Following the remarkable success of its Initial Public Offering (IPO), which had attracted strong participation from all segments of investors, The Pearl REIF was successfully listed on the Muscat...
Oman’s first calcined petroleum coke project launched
MUSCAT, NOV 13Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals, inaugurated the calcined petroleum coke production plant of Sanvira Carbon FZC LLC in Sohar Freezone on Sunday, November...
Five-day Dhofar Theatre Festival opens
Muscat: The five-day Dhofar Theatre Festival, organised by the Ministry of Culture, Sports and Youth, in the Governorate of Dhofar, was inaugurated on Thursday under the auspices of Dr Ahmed bin...
Oman Sailing Festival sparks excitement in Salalah
Salalah: The fourth leg of Oman Sailing Festival 2022, held at Dahariz Beach in Wilayat of Salalah, concluded on Saturday, November 12, 2022. Held over five days, it offered free sessions to try...
Stone laid for monument of legendary Chinese explorer
MUSCAT: A foundation stone was laid for the construction of a memorial dedicated to famous Chinese mariner and explorer Zheng He at a seafront site in Salalah in Dhofar Governorate on Tuesday.The...
OQ Group’s H1 profit soars to RO 822 million
MUSCAT, NOV 6OQ – the integrated global energy group of the Sultanate of Oman – has recorded a post-tax profit of RO 822.461 million for the six months ended June 30, 2022, up from RO 314.840...
Oman Fisheries concludes pact with Saudi fisheries firm
Publicly-traded Oman Fisheries Company (OFC) in a disclosure to the Capital Market Authority (CMA) said it has signed a fish sales agreement with Saudi Fisheries Company effective for a period of...
Pact signed to set up hub for agro-produce at Khazaen
The Agricultural Production and Marketing Company (Basateen), a subsidiary of the Oman Food Investment Holding Company (Nitaj), signed an agreement to establish a centre for the collection, storage...
TRA kicks off awareness drive
Muscat: The Telecommunications Regulatory Authority (TRA) launched an awareness campaign via social media, entitled #YourRightYouKnow, which aims to protect the rights of telecom service users, by...
Community training programmes announced
Muscat: As a mark of institution’s engagement with the community, University of Technology and Applied Sciences - Salalah has launched Community Training Programmes for the Academic Year of...
Customs app for ecommerce to be launched soon
The Royal Oman Police (ROP) organised on Tuesday, November 1, the 2022 Investment Forum with the participation of a number of authorities to enhance partnership with the private sector, as well as...
Oman’s fiscal deficit to turn into surplus of 6% of GDP in 2022: WB report
The Sultanate of Oman’s post-pandemic economic recovery is anticipated to strengthen over the medium term, buoyed by strong oil and gas prices, growth in hydrocarbon output, and comprehensive fiscal...
Festival to showcase economic potential of Oman’s date farming sector
MUSCAT, OCT 30The eighth edition of the Omani Dates Festival opens today, October 31, 2022 at Oman Convention & Exhibition Centre – an annual event that showcases the increasingly important economic...
RO 18.2m contract awarded for new Central Public Health Lab
A contract award for the construction of a new Central public Health Laboratory for the Ministry of Health has gone to well-known Omani contractor Galfar Engineering & Contracting SAOG.The latter...
Key domain operators group meets in Muscat
The Organisation of Asia Pacific Top Level Domains (APTLD) began its 82nd meeting in the Sultanate of Oman on Wednesday, October 26, 2022.The two-day meeting is being attended by a large number of...
Weatherford receives $500m PDO contract award to provide integrated drilling services
Leading global energy services company Weatherford International plc announced on Monday, October 24, 2022, that it has received a five-year contract exceeding $500 million from Petroleum Development...