Business - oman observer

Saturday, June 13, 2026 | Dhu al-hijjah 26, 1447 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
In 2025, OMIFCO generated revenue of RO 308.9 million, equivalent to about $802 million
Gas deal emerges as key test of OMIFCO’s IPO story

Muscat: As Oman India Fertiliser Company (OMIFCO) prepares to open its initial public offering to investors, one of the most important elements behind the company’s profitability lies outside the share offer itself: a long-term natural gas supply agreement with the Government of Oman.The agreement, signed in September 2025 and effective from July 15, 2025, will...
In 2025, OMIFCO generated revenue of RO 308.9 million, equivalent to about $802 million

Gas deal emerges as key test of OMIFCO’s IPO story
Graphic shows breakdown of OMIFCO’s exported urea that was sold by OQ Trading to the following destination markets

India to remain OMIFCO’s largest export market post IPO
A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's IPO at the Nasdaq MarketSite

SpaceX set to surge past $2tn valuation in Nasdaq debut
OMIFCO is one of Oman’s key industrial companies and plays an important role in the fertiliser sector.

OMIFCO IPO opens door to wider investor participation
The 18 students pictured with the Chairman of OPAZ

Students brief OPAZ chairman on Duqm internship
Representatives of OPAZ and Ferrometalco at the signing in Duqm earlier this week

Egyptian steel firm to set up major fabrication facility in Duqm
The programme seeks to stimulate innovative thinking among participants.

Renewable Energy Programme qualifies 50 youth for future jobs
SpaceX Starship and Super Heavy Booster creates sound waves as it lifts off on its 12th test flight from the SpaceX launch complex in Starbase. REUTERS

SpaceX IPO allocates more shares to retail investors
​U.S. crude inventories fell by 7.2 million barrels to 426.5 million in the week ended June ​5

Oil rises as traders digest US-Iran tensions
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Buying gold? Here's how to make sure you're not overpaying
Rendering of the Mawarid Wind Turbine manufacturing project in Duqm SEZ.

Contract awarded for Oman wind turbine project
Executives from global companies outline the factors that led them to choose Oman for major investments and expansion projects.

Global investors see Oman as growth hub
Muneer bin Ali al Muneeri, Vice President of Operations at the Oman Investment Authority, presided over the unveiling of the Commercial Arbitration Centre’s new identity.

Oman Centre for Commercial Arbitration unveils new identity
The number of new commercial registrations in the governorate increased by 49.5 per cent to 139.

Strong growth in business activities in Al Dhahirah
Representatives signing the procurement agreement in Shanghai recently.

Sohar Container Terminal inks pact for 12 electric gantry cranes
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BUSINESS VIDEOS
Economy
In 2025, OMIFCO generated revenue of RO 308.9 million, equivalent to about $802 million

Gas deal emerges as key test of OMIFCO’s IPO story

Muscat: As Oman India Fertiliser Company (OMIFCO) prepares to open its initial public offering to investors, one of the most important elements behind the company’s profitability lies outside the share offer itself: a long-term natural gas supply...

The 18 students pictured with the Chairman of OPAZ
Students brief OPAZ chairman on Duqm internship
Representatives of OPAZ and Ferrometalco at the signing in Duqm earlier this week
Egyptian steel firm to set up major fabrication facility in Duqm
SpaceX Starship and Super Heavy Booster creates sound waves as it lifts off on its 12th test flight from the SpaceX launch complex in Starbase. REUTERS

SpaceX IPO allocates more shares to retail investors
Rendering of the Mawarid Wind Turbine manufacturing project in Duqm SEZ.

Contract awarded for Oman wind turbine project
Executives from global companies outline the factors that led them to choose Oman for major investments and expansion projects.

Global investors see Oman as growth hub
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Markets

Graphic shows breakdown of OMIFCO’s exported urea that was sold by OQ Trading to the following destination markets

India to remain OMIFCO’s largest export market post IPO

SpaceX set to surge past $2tn valuation in Nasdaq debut

GLOBAL MARKETS-Oil edges up after fresh Iran-US strikes

As OPEC+ meets, Iran war hobbles power to shape oil market

PPI falls 3.9% as oil prices weigh on index

Banking

CBO said the treasury bills have a maturity period of 91 days.

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

CBO Governor: Oman entering intelligence-first banking era

Bank Nizwa appoints new CEO to drive next phase of sustainable growth and innovation

Energy

OMIFCO is one of Oman’s key industrial companies and plays an important role in the fertiliser sector.

OMIFCO IPO opens door to wider investor participation

Renewable Energy Programme qualifies 50 youth for future jobs

Oil rises as traders digest US-Iran tensions

Oman oil price climbs to $93.38per barrel

Opec+ decision adjusts Oman’s oil output ceiling

Aviation
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Europe's green jet fuels see upside in Iran war

Brussels, Belgium: Umberto BACCHI At a plant near Frankfurt, in Germany, hydrogen and CO2 sourced from a chlorine factory and a biogas facility nearby are piped into a reactor and -- after a few more...
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Oman Airports signs strategic agreement with Changi Airports

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China says it will buy 200 Boeing jets

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Oman sees a jump in aviation fuel exports in Q1, 2026

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Jet fuel crisis, what crisis? European airlines downplay fears of summer shortage

ENTREPRENEURS
Gas deal emerges as key test of OMIFCO’s IPO story

Muscat: As Oman India Fertiliser Company (OMIFCO) prepares to open its initial public offering to investors, one of the most important elements behind the company’s profitability lies outside the share offer itself: a...

In 2025, OMIFCO generated revenue of RO 308.9 million, equivalent to about $802 million

India to remain OMIFCO’s largest export market post IPO

SpaceX set to surge past $2tn valuation in Nasdaq debut

OMIFCO IPO opens door to wider investor participation
Property
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ASYAD announces operational readiness of Muscat Airport Free Zone
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Al Ahly Sabbour announces first retail launch
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LEO Development announces real estate projects in Duqm, Muscat
Tourism

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Travel industry hit by widespread short-notice cancellations

Tourism law sets stricter rules and raise standards

Tourism output in Oman reaches RO 2.2 billion

United States sees a drop in international visitors in 2025

Oman’s hotel revenues set a record in 2025: Report

Oman 3–5 star hotel revenues rise 18.5%

Arabian Travel Market 2026 postponed

Cars

JC

Ferrari’s first EV runs into backlash in Italy

Tesla’s newest EV could jolt the trucking industry

Strait of Hormuz blockade to boost EV demand

RO 96 million Korean EV, battery plant planned in SEZAD

Toyota expects $4.3 billion hit from war fallout

The mighty engine that Jaguar built, and built Jaguar

Mideast war revs up electric car demand in Asia

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