author - oman observer

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...

MUSCAT, DEC 3Leading organisations from across the air logistics industry in the Sultanate of Oman have pledged to strengthen efforts in support of the government’s goal place the country on the...

MUSCAT, NOV 29National carrier Oman Air has posted a 66 per cent increase in its cargo business during the Jan – Oct period of 2022, compared to the same period in 2021.As many as 1,038 cargo...

MUSCAT, NOV 27The MSX Index gained 52 points to close at 4,607.250 on Sunday, November 27, 2022 – an increase of 1.140 per cent – in response to the latest upgrade in the Sultanate of Oman’s...

MUSCAT, NOV 26Leading international rating agency S&P has upgraded the credit rating of the Sultanate of Oman from “BB-” to “BB” with a stable outlook, attributing this enhanced to the...

Muscat: Sweets of Oman SAOG, an Omani confectioner well-known for its production of world-class sweets at competitive costs, has decided to go into liquidation.The announcement came following a...

MUSCAT: A five-day Frankincense Festival will showcase the Sultanate of Oman's incense-based heritage, the centrestage of which is Salalah in Dhofar Governorate.From November 28 to December 2, there...

MUSCAT, NOV 23Oman Flour Mills Company announced on Wednesday that it has received a letter from the government pledging financial support for four basic raw material inputs that go into the...

MUSCAT, NOV 22In line with its core values, innovative mindset and commitment to sustainability, Bank Nizwa became the first Islamic bank in Oman to introduce Shariah-compliant eco-friendly credit and...

MUSCAT, NOV 21Inflationary pressures lifted the Consumer Price Index in the Sultanate of Oman 2.4 per cent in August 2022, according to the latest data issued by the National Center for Statistics and...

MUSCAT, NOV 20Adding to Oman’s business and investment-friendly environment, the Ministry of Commerce, Industry and Investment Promotion (MOCIIP) has issued a new Ministerial Decision that supports...

MUSCAT, NOV 20In a filing to the Muscat Stock Exchange, publicly listed Renaissance Services said its subsidiary, TISCO, has been awarded a contract from the Ministry of Health worth RO 57.28...

MUSCAT, NOV 19The volume of foreign direct investments (FDI) inflows into the Sultanate of Oman amounted to RO 17.981 billion as of end-June 2022, which included RO 2.66 billion in new inflows during...

Pledging to transition away from hydrocarbons and into a low-carbon energy future, the Sultanate of Oman, represented by the Ministry of Energy and Minerals, recently unveiled its ambitious Green...

The Sultanate of Oman’s economic outlook has continued to brighten on the back of buoyant international energy prices and slumping public debt, garnering praise from a cross-section of global rating...

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...

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...

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,...

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...

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...