Business - oman observer

Saturday, December 20, 2025 | Jumada al-akhirah 28, 1447 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
The 400 MW production line integrates the most advanced technologies for assembling TOPCon and HJT modules: Ecoprogetti
Omani solar PV module project expanded

Oman-based American Advanced Clean Energy (AACE) has expanded the capacity of its solar photovoltaic (PV) module manufacturing plant in Salalah Free Zone, targeting the lucrative US market by leveraging the Sultanate’s Free Trade Agreement (FTA) with the United States.The expansion follows the installation of a new fully automated 400 MW PV module production line,...
The TikTok app icon on a smartphone in this illustration. — Reuters File

TikTok signs joint venture deal to end US ban threat
The Suhar project would place it among the largest such developments globally. — Picture for illustration only

Oman strengthens e-fuels pipeline with Swiss-backed Suhar initiative
Meg O'Neill, who is set to become BP's next CEO. — Reuters

Energy giant BP extends shakeup with new CEO pick
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Calculators hold out against AI
The 400 MW production line integrates the most advanced technologies for assembling TOPCon and HJT modules: Ecoprogetti

Omani solar PV module project expanded
Since launch, the fund has assessed 828 proposals and approved 141 projects valued at around $3.4 billion, spanning nine major strategic investments.

Future Fund Oman backs $1.2 bn to projects
The Salalah Independent Water and Power Plant (IWPP), one of the largest and most energy-efficient facilities in Dhofar Governorate.

Sembcorp powers Oman with over 1.1 GW of energy assets
The dollar index, which tracks the greenback against a basket of major currencies, was little changed at 98.39 after rising 0.2% in the previous session. — Reuters

Dollar firm ahead of central bank decisions
Analysts at ING said further restrictions on Russian oil could pose a greater supply risk to markets than the proposed Venezuelan blockade. — Reuters

Oil prices rise on possible US sanctions, Venezuela
Spot gold slipped 0.2% to $4,333.12 an ounce by 0652 GMT after rising more than 1% late on Wednesday.— Reuters

Gold steady ahead of key US inflation data
Many Chinese brands leverage lower prices to appeal to cost-conscious Western consumers. — Reuters

Chinese brands expand in US market despite tariffs
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Oman, India sign CEPA: Highlights
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Oman-India Business Forum reviews investment opportunities in Oman
The nine projects focus on an array of plastics- and polymer-based packaging solutions and applications.

OQ launches 9 Ladayn plastics projects worth RO 40 million
Muneer Ali al Muneeri, CEO of Rakiza Fund

Oman’s Rakiza Fund raises $1 billion in global capital
Trending Stories
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Rains lash Musandam

Displaced Palestinians gather to receive donated food portions at a charity kitchen in Khan Yunis. — AFP

UN: Famine over in Gaza, says 'situation critical'

Supporters chant slogans as they block Shahbagh in Dhaka. — Reuters

Bangladesh burns again after killing of student leader

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Seeb, Al Nahda continue winning streak in Jindal League

Argentina and Inter Miami's Lionel Messi poses next to white tigers in an enclosure at Vantara animal rescue and rehabilitation centre in Jamnagar, Gujarat, India, December 15, 2025. Vantara/Handout via REUTERS

Argentina, Spain to meet in Qatar for intercontinental 'Finalissima'

Morroco's players celebrate with the trophy after winning the FIFA Arab Cup 2025 final football match between Jordan and Morocco at the Lusail Stadium Stadium, in Lusail on December 18, 2025. (Photo by Karim JAAFAR / AFP)

Morocco crowned Fifa Arab Cup champions

Cricket - The Ashes - Australia v England - Third Test - Adelaide Oval, Adelaide, Australia - December 19, 2025 Australia's Travis Head celebrates after reaching his century REUTERS/Asanka Brendon Ratnayake

Head slams unbeaten 142 to crush England's

Dallas Mavericks forward Cooper Flagg (32) makes a jump shot over Detroit Pistons forward Isaiah Stewart (28) to take the lead during the fourth quarter at the American Airlines Center. — Imagn Images

Teenager Flagg leads Mavericks to upset of Pistons

BUSINESS VIDEOS
Economy
The TikTok app icon on a smartphone in this illustration. — Reuters File

TikTok signs joint venture deal to end US ban threat

TikTok said it has signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban over its Chinese ownership.The move caps a lengthy tussle over the hugely successful video-sharing...

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Calculators hold out against AI
Since launch, the fund has assessed 828 proposals and approved 141 projects valued at around $3.4 billion, spanning nine major strategic investments.
Future Fund Oman backs $1.2 bn to projects
Spot gold slipped 0.2% to $4,333.12 an ounce by 0652 GMT after rising more than 1% late on Wednesday.— Reuters

Gold steady ahead of key US inflation data
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Oman, India sign CEPA: Highlights
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Oman-India Business Forum reviews investment opportunities in Oman
Opinion
Dr Asma Al Yahyaei
Dr Asma Al Yahyaei The invisible burden of leadership
Aisha Al Darmaki
Aisha Al Darmaki Arabic language policies and their future horizons
Bregje van Baaren
Bregje van Baaren The strength of two Omani women: From endurance to choice
Markets

Many Chinese brands leverage lower prices to appeal to cost-conscious Western consumers. — Reuters

Chinese brands expand in US market despite tariffs

Ooredoo Oman confirms restructuring of non-senior leadership roles

China nears first investment decline in 3 decades

MSX records full ESG compliance

Gold near record levels

Banking

The dollar index, which tracks the greenback against a basket of major currencies, was little changed at 98.39 after rising 0.2% in the previous session. — Reuters

Dollar firm ahead of central bank decisions

Central Bank of Oman rolls out partial payment cheque system

How to use the Omani Rial symbol

Apple Pay, Samsung Pay, mobile transfers: How customers make payments in Oman

Maal: Oman has its own national payment card

Energy

Meg O'Neill, who is set to become BP's next CEO. — Reuters

Energy giant BP extends shakeup with new CEO pick

Oman strengthens e-fuels pipeline with Swiss-backed Suhar initiative

Omani solar PV module project expanded

Sembcorp powers Oman with over 1.1 GW of energy assets

Oil prices rise on possible US sanctions, Venezuela

Aviation
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Working aggressively to attract foreign airlines: Oman Airports CEO

Muscat: Oman Airports said that it is aggressively working on strategies to attract more foreign airlines to start operations in the Sultanate.Speaking to the Observer,  Eng Ahmed al Amri, CEO of...
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Oman Air to meet transformation target for 2025: CCO

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Fewer than 100 A320s still grounded for fix: Airbus

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Airbus narrows software crisis as airlines ride out A320 recall

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Updates done on all A320 aircraft registered in Oman: CAA

ENTREPRENEURS
TikTok signs joint venture deal to end US ban threat

TikTok said it has signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban over its Chinese ownership.The move caps a lengthy tussle over the...

The TikTok app icon on a smartphone in this illustration. — Reuters File

Oman strengthens e-fuels pipeline with Swiss-backed Suhar initiative

Energy giant BP extends shakeup with new CEO pick

Calculators hold out against AI
Property
Capture
New OCCI headquarters to come up in Madinat al Irfan
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How long-term visas are reshaping Gulf real estate
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15 firms begin French Architecture Tour 2025 in Muscat
Tourism

The "Revival of Earthen Architecture” initiative focuses on reintroducing clay using modern engineering methods that aim to improve performance while maintaining its cultural and environmental value.

Earthen architecture for greener construction

Tourism and heritage drive Oman's non-oil growth

Mövenpick celebrates 10 years of kilo of kindness

Oman hosts workshop to boost European tourism

TOURISE announces $113 billion in portfolio investments

RO 100 million tourism boost across Oman

A look at this year's Best UN Tourism Villages

Cars

SINOTRUK hosts successful 2025 Global Partner Conference

Tesla reveals cheaper versions of its cars

Jaguar faces a prolonged shutdown after a cyberattack

China is sending its world-beating auto industry into a tailspin

German carmakers, hit by Chinese rivals, stage a comeback

Ford recalls 1.9 million vehicles over faulty rear-view camera

Tesla taps Samsung for AI6 Chips in $16.5 billion deal

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