Business - oman observer

Saturday, August 15, 2026 | Rabi' al-awwal 1, 1448 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
MSX executives, joined by local dignitaries, participating in the Sustainability Forum 2026 in Salalah on Thursday
MSX shifts ESG strategy to disclosure quality

SALALAH: Muscat Stock Exchange (MSX) is moving its sustainability regime beyond filing compliance towards assessing whether corporate disclosures provide investors with credible, comparable and decision-useful information, senior executives said in Salalah on Thursday. The shift follows full compliance by listed companies with mandatory environmental, social and...
Vessels near the Strait of Hormuz.

Gulf oil giants Spend billions to bypass Hormuz
Salalah Port representatives speaking at the Sustainability Forum 2026 held in Salalah.

Port of Salalah cuts energy intensity as cargo volumes surge
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United Solar welcomes new US polysilicon measures

Oman targets higher MINERAL Export Returns
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Port of Duqm handles 900 vehicles in single RoRo shipment
MSX executives, joined by local dignitaries, participating in the Sustainability Forum 2026 in Salalah on Thursday

MSX shifts ESG strategy to disclosure quality
HYTRA specialises in infrastructure for the large-scale maritime transportation of liquid hydrogen.

HYTRA, Sohar Port explore hydrogen partnership
Oil edges lower on weaker demand outlook.

Oil slips as demand worries offset supply risks
Global stocks rise as oil slips below $90 and dollar gains.

Global stocks rise as oil falls, dollar strengthens
Gold retreats from two-month peak as traders await PPI.

Gold slips as traders’ eye inflation
SMA solar backlog jumps 50% on booming energy storage demand

SMA solar backlog surges on storage demand
The projects are expected to be built on a proposed total area of 34,000 sq metres, providing numerous job opportunities for Omanis, as well as indirect employment opportunities in related service sectors and supporting industries.

RO 15m pacts signed to drive local production of transformer components
be’ah ESG Policy establishes a unified framework that defines the company’s sustainability commitments, principles and accountability mechanisms

be’ah adopts ESG policy to anchor sustainable governance
The new framework will help improve preparedness by regularly reviewing assumptions, identifying emerging risks and developing options before disruption occurs

Oman maps policy stress tests for Oman Vision 2040
Asyad Shipping added over a dozen vessels across multiple cargo segments during the first half of this year.

Fleet expansion lifts Asyad Shipping assets to RO 1.316 bn
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Trending Stories
A burst of pink and purple cosmos

From snow to Khareef, she paints her way home

Gold medallist Britain's Amy Hunt celebrates after winning in the women's 200m final during the European Athletics Championships at Alexander Stadium in Birmingham on August 13, 2026.

Hunt bags Euro sprint double, Ceh keeps discus title

Al Khabourah defeated Al Shabab to finish second in Group B in the Jindal Youth League.

Seeb, Al Nasr, Saham and Al Khabourah book semifinals

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Swiatek rolls past Rybakina for WTA Toronto title

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Shelton does the double in Canada

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Oman U20s draw 1-1 with Syria in friendly

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Tanzid ton stuns Australia, keeps Bangladesh on top on day two

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Oman U17s edged by Bahrain in friendly

BUSINESS VIDEOS
Economy
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Oman sets phased mandatory e-invoicing regime

MUSCAT: Oman’s Tax Authority has issued Decision No. 189/2026 amending key provisions of the Executive Regulations of the Value Added Tax Law, introducing a mandatory electronic tax invoicing framework that will be implemented in phases from April...

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Hormuz disruption hits energy, fertilizer, industrial trade: UN
Amna bint Nasser al Sharji, OPAZ Investment Promotion Manager, addressing the forum.
OPAZ showcases investment opportunities at Oman–Philippines Forum
Brazilian President Luiz Inacio Lula da Silva meets with South Korean President Lee Jae Myung

Brazil, South Korea agree to advance talks for Mercosur trade deal
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OPAZ showcases investment opportunities at the Oman–Philippines Forum
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Tax Authority's decision on deducting expenses
Opinion
Rasha Al Raisi
Rasha Al Raisi The Incan princess who bridged two worlds
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LAETITIA COMMANAYThe writer is a Data Journalist at AFP Farage wins UK by-election as Count Binface claims 'moral victory'
Krisztina Than
Krisztina Than DANUBE EXPOSES CLIMATE RISK TO NUCLEAR POWER
Markets

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FSA suspends United Mawa Projects for 6 months

Tata Sons' chairman resigns but to complete term

Oil prices jump as hopes for Hormuz deal fade

Global stocks tick up with oil steady on Hormuz plans

GLOBAL MARKETS-Asia shares fall on tech pullback, oil stable as Iran talks stay in focus

Banking

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Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake

Central Bank of Oman announces fee waiver for local digital transfers

Treasury bill issuance reaches RO 61 million

Oman banks face trust test as AI reshapes financial services

Oman’s AI race moves from apps to infrastructure

Energy

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IEA cuts oil demand forecast as Hormuz remains shut

Oman crude falls to $86.93

Oil prices rise as hopes for Hormuz deal fade

Gulf shipping traffic down after Saudi tanker attack

Saudi Aramco profits soar 44% despite war

Aviation
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Heathrow overtaken by Istanbul as Europe’s busiest airport

Figures published by the west London airport of Heathrow show 7.86 million passengers passed through its four terminals in July whereas its Turkish counterpart recorded 8.15 million passengers over...
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Boeing’s smallest 737 plane wins FAA approval

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Aviation fuel prices continue to surge over Mideast tensions

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Oman Airports wins top regional award for operational excellence

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Middle Eastern airlines see a 14% drop in passenger demand

ENTREPRENEURS
IEA cuts oil demand forecast as Hormuz remains shut

Paris: The International Energy Agency on Wednesday sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait of Hormuz and high prices deter buyers. Demand is...

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Oman sets phased mandatory e-invoicing regime

Oman crude falls to $86.93

FSA suspends United Mawa Projects for 6 months
Property
The value of sales contracts increased 12.2 per cent to RO 688.00 million by the end of June.
Oman property deals rise to RO 1.43 billion
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Oman property transactions reach RO1.43bn amid regional tensions
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Tanmia, FIM Partners to launch $250m Oman real estate development fund
Tourism

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Middle East looks to Chinese market for tourism rebound: Report

Why August is the make-or-break month for Dhofar tourism businesses

AI and data drive tourism’s next wave

Duqm campaign targets Khareef travellers

Germany strengthens cultural tourism appeal through innovation, heritage and authentic experiences

High-end tourism projects advancing across Oman

Salalah Future City moves from vision to design stage

Cars

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Port of Duqm handles 900 vehicles in single RoRo shipment

Toyota ex-chief Okuda, pioneer of the Prius, dies at 93

Toyota to post its 5th straight profit drop

Carmakers go back to the ’80s with turbo engines

Japan earthquake prompts Toyota, Honda to halt plants

How Volkswagen’s troubles were made in China

Ferrari’s first EV runs into backlash in Italy

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