Duqm has potential to become green metallics hub: Vale
MUSCAT: Brazilian based mining conglomerate Vale SA says it is keen to position Oman’s Duqm Special Economic Zone (SEZ) as global hub for green metallics production, leveraging the abundance of...
National Gas to develop Truck Rest Area project at Khazaen
MUSCAT: National Gas Company, based in Rusayl Industrial City in Muscat, has announced the signing of a 44-year lease contract with Khazan Economic City for the development and maintenance of the...
Oman hosts delegation from Korean semiconductor giant SK Hynix
MUSCAT: A high-level delegation representing South Korean semiconductor giant SK Hynix arrived here on Thursday, October 19, 2023, to explore investment opportunities in the Sultanate of Oman.The...
Sohar International Bank to commence operations in Riyadh
MUSCAT: Sohar International Bank, a leading Omani bank, has received a no objection letter from the Saudi Central Bank (SAMA) to commence operations in Riyadh, the Kingdom of Saudi Arabia. This is a...
Pacts signed for 6 major projects at Duqm SEZ
DUQM: His Highness Sayyid Theyazin bin Haitham al Said, Minister of Culture, Sports and Youth, presided over the opening of the 1st Duqm Economic Forum at the Special Economic Zone at Duqm on Monday,...
Duqm Economic Forum highlights Oman's green manufacturing potential
DUQM: His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports, and Youth, inaugurated the 1st Duqm Economic Forum, which opened on Monday, at the Special Economic Zone at Duqm...
Oman commercial banks post 44% profit surge in first 9 months of 2023
MUSCAT: Oman's commercial banks have posted a remarkable surge in profits for the first three quarters of 2023, driven by rising interest rates, accelerated economic growth, and enhanced operational...
Case against Raysut Cement referred to court
MUSCAT, OCT 15As part of the regulatory role of the Capital Market Authority (CMA) towards public joint stock companies and referring to the report filed previously by the CMA to the Public...
Coastal women play vital role in Oman's fisheries sector: FAO
MUSCAT, OCT 11The fisheries sector in Oman plays an important role in achieving food security and eradicating poverty, according to Hasna al Harthiya (pictured), Assistant Representative of the Food...
Weed growth erodes output of Omani wheat: Study
MUSCAT, OCT 11A comprehensive research study conducted at Sultan Qaboos University has revealed a persistent issue in the extensive wheat fields of Najd in Dhofar Governorate: the rampant growth of...
Locally sourced building materials key to construction sustainability
SALALAH, OCT 10A key forum on urban planning, held in Salalah recently, has underscored the importance of utilizing locally sourced natural building materials in the construction of residential,...
National Gas divests UAE subsidiary
MUSCAT, OCT 10National Gas, a publicly traded company listed on the Muscat Stock Exchange (MSX), announced yesterday, October 10, 2023, the completion of the sale of its UAE subsidiary, Arabian Oil...
First-ever marriage counselling initiative
The government has launched a pioneering national marriage counselling programme, aptly named “Tamask,” an Arabic word translating to ‘cohesion’.This programme is tailored to empower couples...
Omantel to issue sukuk to refinance outstanding debt
MUSCAT: Omantel, the leading telecommunications provider in the Sultanate of Oman, is planning to issue a US dollar denominated sukuk with a 7-year maturity, the proceeds from which will be used to...
Omantel mulls sukuk to refinance outstanding debt
Social insurance disbursements by PASI total RO 214m in 2022
MUSCAT, OCT 3Insurance disbursements by the Public Authority for Social Insurance (PASI) in Oman totaled around RO 214 million in 2022, the authority said in its newly unveiled Annual Report for the...
Oman's private sector growth accelerates in Q2
MUSCAT: The Sultanate of Oman's private sector grew at an accelerated pace in the second quarter of 2023, with the total value added by active organizations increasing by 10.9% to $23.4 billion,...
Oman and Spain launch second private equity fund
MUSCAT: Oman Investment Authority (OIA) and the Spanish state-owned Trading Company Cofides have announced the launch of the Spain Oman Private Equity Fund II (SOPEF II), a new fund that will invest...
Measures in place to ensure food availability
Pivotal steps adopted by the Omani government in the wake of an upsurge in global prices of food commodities more than a year ago, have helped ensure the affordability and accessibility of basic...
Oman tackles water scarcity with innovative irrigation techniques
To address potential water scarcity challenges, the Sultanate of Oman – represented by the Ministry of Agriculture, Fisheries and Water Resources - is implementing a number of projects to improve...