Business - oman observer

Saturday, July 27, 2024 | Muharram 20, 1446 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
The Open Banking Technology Framework include strong data security measures, standardized APIs, consent management mechanisms, and authentication protocols: CBO
Draft regulatory framework on Open Banking unveiled in Oman

MUSCAT: Ahead of the formal introduction of Open Banking – a tech-driven service with the potential to transform the banking and financial services industry – the Central Bank of Oman (CBO) has launched a public consultation process designed to garner stakeholder feedback on this landmark initiative.Open Banking is a fintech-based platform operating on application...
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Consultant named for RO 155m Ibri III Solar project in Oman
The Open Banking Technology Framework include strong data security measures, standardized APIs, consent management mechanisms, and authentication protocols: CBO

Draft regulatory framework on Open Banking unveiled in Oman
Proposals invited for setting up Tech Startup Zone in Muscat

Proposals invited for setting up Tech Startup Zone in Muscat
Oman oil price on Wednesday reached $80.66 per barrel.

Oil prices edge up off six-week lows
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talabat Oman partners with Oman Logistics Association and Tashgheel
Stephane Berton, Managing Director of talabat Oman.

talabat : Pioneering the future of food delivery in Oman
Abdulsalam al Murshidi, President – OIA, pictured with officials representing various affiliates of the Authority, during a tour of Khazaen’s projects.

High-level OIA team tours Khazaen projects
GCC Secretary-General Jassim Muhammad al Budaiwi and Vietnamese Deputy Foreign Minister Do Hung Viet and sign an MoU in Riyadh, Saudi Arabia, in this file photo.

GCC – Vietnam trade recorded at $13.4 billion in 2022
A freight train carrying containers from China crossing the Kazakh border in Khorgos, Kazakhstan, March 18, 2024. (Chang W. Lee/The New York Times)

How to become a player in the global mineral trade
Representatives from the two sides signing the agreement.

New JV to set up 10 GW solar PV project in Oman
The e-commerce market in Oman is presently valued at around $600 million annually.

Sports goods top online purchases in Oman
Use of plastic bags to be further restricted in Oman.

Oman to ban plastic bag imports from September 1
The refinery’s laboratory also achieved a notable milestone by becoming the first in the Gulf to receive ISO17025 accreditation before commissioning.

OQ8 achieves major milestone with first crude shipment and operational success in 2023
Musandam Governorate’s castles, forts, and historical sites attracted 25,009 visitors in 2023.

Musandam’s historical gems draw record visitors
From January to June 2024, the OPAZ Call Centre handled over 1,565 local and international calls related to investment and service inquiries.

OPAZ services achieve 91% satisfaction rating
Trending Stories
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Rains fail to dampen Olympics opening

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Oman REIT adds seven Rusayl warehouses to its portfolio

تدريبات السباحين في باريس

Swimmer Issa warms up at Paris La Defense Arena

Bahrain have strongest ever Games team, says NOC official

Sao Paulo duo Wellington and Juan to join Southampton in January

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Verstappen tops times in opening practice, faces grid penalty

Film camera fans showing each other their cameras on a film photography tour in Kamakura, Kanagawa. — AFP

New Japan film camera aimed at 'nostalgic' young fans

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Consultant named for RO 155m Ibri III Solar project in Oman

BUSINESS VIDEOS
Economy
Dr Ali al Shidhani, Under-Secretary for Communications and Information Technology.

National ICV Policy to support employment growth

MUSCAT: The recently approved national policy of local value addition (also known as In-Country Value - ICV) is expected to boost employment rates, according to Dr Ali al Shidhani, Under-Secretary for Communications and Information Technology at the...

Abraj's advanced fleet exemplifies its commitment to excellence.
Abraj leads way in ICV and sustainability initiatives in Oman
Asyad Dry Dock achieved a 4 per cent growth in its business volume compared to 2022.
Asyad Group revenues reach RO 465 million in 2023
Food prices were stable during the period under review.

Oman witnesses 0.7 pc increase in inflation
The new policy framework is designed to spur waste recycling in Oman.

Oman to roll out new policy on recycling, waste management
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Oman urges swift action on SDGs at Arab Forum
Opinion
Shaddad al Musalmy
Shaddad al Musalmy Opinion: Thank you ROP, security forces
Haider Abdul Redha Al-Lawati
Haider Abdul Redha Al-Lawati Reasons that cause SMEs to stumble
Dr Khalfan Hamed Al Harrasi
Dr Khalfan Hamed Al Harrasi Language, Literature, and cultural identity
Markets

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Oman REIT adds seven Rusayl warehouses to its portfolio

Trade between Oman & Bahrain tops RO 240 mn

US tech firm tapped to support Oman’s VTOL aircraft pilot

How to become a player in the global mineral trade

Silal Market receives over 1,100 refrigerators since launch

Banking

The Open Banking Technology Framework include strong data security measures, standardized APIs, consent management mechanisms, and authentication protocols: CBO

Draft regulatory framework on Open Banking unveiled in Oman

CBO issues treasury bills worth RO 13.600 million

CBO urges public to replace old banknotes before year-end

Oman Housing Bank approves 2,762 housing loans worth RO 120 million

Private bank deposits in Oman increase by 8.8%

Energy

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Consultant named for RO 155m Ibri III Solar project in Oman

OQ8 achieves major milestone with first crude shipment and operational success in 2023

OIA targets opportunities across Oman’s hydrogen value chain

Oman LNG contracts restructured in keeping with energy transition trends: Al Aufi

Oman oil price reaches $82.33

Aviation
Con Korfiatis, CEO – Oman Air

No new aircraft orders on anvil, but pending deliveries awaited: Oman Air CEO

MUSCAT: A four-year transformation plan adopted by national carrier Oman Air to enable a return to operational profitability by 2027 does not envision any immediate plans for investments in new...

Oman Air targets operating profitability by 2026

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2024 to confirm pre-covid levels for airlines: IATA

The agreement is based on the foundations and principles of open skies between the two countries and allows airlines to operate any number of direct flights.

Oman, Tunisia sign air services agreement

Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington-REUTERS

Boeing to brief European after 737 MAX panel blowout

ENTREPRENEURS
Oman REIT adds seven Rusayl warehouses to its portfolio

MUSCAT: Oman REIT, the first publicly listed real estate investment fund in the Sultanate of Oman, disclosed to the Muscat Stock Exchange on Wednesday the acquisition of a new portfolio of seven warehouses located in the...

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Consultant named for RO 155m Ibri III Solar project in Oman

Trade between Oman & Bahrain tops RO 240 mn

US tech firm tapped to support Oman’s VTOL aircraft pilot
Property
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Real estate deals up by 1.3% till end of May 2024
David Ellison
Meet Hollywood’s newest mogul
An apartment complex in Houston, April 21, 2022.
Apartments could be the next real estate business to struggle
Tourism

The luxury Four Seas property will be part of the redevelopment of the Marina Bandar A’Rawdha in Muscat.

Omran to develop 5-star hotel in Muscat

Oman’s first agritourism firm to venture into fruit farming and processing

‘Change the atmosphere’ promotional summer tourism campaign launched

Trump International Resort in Yiti to attract global investors

Dar Global launches $500 million Trump International Oman

Musandam Governorate transforms with infrastructure, tourism projects underway

16.4 per cent jump in air travellers in Oman

Cars

Employees work at a final assembly plant at a car factory in Liuzhou,Guangxi Zhuang Autonomous Region, China. — Reuters

Chinese automakers seek retaliatory tariffs on EU cars

Karwa Motors kicks off work on 5,000 school-bus order

Tesla upgrades in-car navigation software in China

Analysis: Electric cars are suddenly becoming affordable

Omani firm inks EV transformation deal with ONE MOTO

Oman team discovers Chery's automotive innovations in China 

EV market in Oman gets a boost from infra push, affordable models

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