author - oman observer

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...

MUSCAT, DEC 18A major fisheries port planned for development at the Special Economic Zone (SEZ) in Duqm will seek to anchor the Sultanate of Oman’s leading position among world-scale hubs in the...

MUSCAT: Marsa Al Duqm Investments Company, a multinational consortium, has signed a usufruct agreement with the Public Authority for Special Economic Zones and Free Zones (OPAZ), to develop the...

MUSCAT, DEC 14Around 125 training slots have been made available by the Indian government to Omanis this year as part of the ‘Indian Technical & Economic Cooperation (ITEC)’ programme.This was...

MUSCAT, DEC 13Swedish upstream energy firm Maha Energy has announced that its sale of a 35 per cent participating interest in Oman's Block 70 to Mafraq Energy LLC has been approved by the Omani...

MUSCAT, DEC 12The 2nd International Conference on Economics and Business Administration, focusing on the theme, “To Promote Innovative Industries for Sustainable Growth and Development’, began on...

MUSCAT, DEC 11The MSX30 Index of Muscat Stock Exchange continued its rise to break the 4,800-point barrier as trading levels soared to new highs on Sunday, December 11, 2022.The MSX30 Index gained...

MUSCAT: To help boost self-sufficiency in the food sector, around 100 food related projects worth a total investment of RO 1.3 billion are currently in development or operation in Sultanate of Oman,...

MUSCAT: Gulf International Poultry Farm (GIPF), one of the Gulf region’s biggest table egg production farms, was formally inaugurated at Subaikhi in the Wilayat of Ibri in Al Dhahirah Governorate on...

MUSCAT: Supporting regulations underpinning Oman’s emerging green hydrogen industry are expected to be issued by the end of the first quarter of 2023, Eng Salim bin Nasser al Aufi, Minister of...

MUSCAT: An ‘Investment and Emerging Companies Summit’ will be held at the Oman Convention and Exhibition Center during December 12-13, 2022, under the auspices of His Highness Sayyid Bilarab bin...