Business - oman observer

Sunday, May 31, 2026 | Dhu al-hijjah 13, 1447 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Under the framework, products will qualify for tariff concessions if they are either wholly obtained or produced within India or Oman.
India issues rules of origin for Oman CEPA

MUSCAT, MAY 31India has formally notified the rules that will govern the determination of origin of goods traded under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), paving the way for the implementation of preferential tariff benefits from June 1, 2026.The new framework, issued by India's Ministry of Finance through Notification No....
Under the framework, products will qualify for tariff concessions if they are either wholly obtained or produced within India or Oman.

India issues rules of origin for Oman CEPA
Formally known as the Duqm North and South Wind Project (DNSWP), the pilot farm will comprise six wind turbine generators with a total installed capacity of 58 MW.

Oman’s O-Green to develop 58 MW wind power pilot in Duqm
15 licences are currently operational, including 14 for building materials and one for chromium ore extraction.

South Al Batinah mining sector expands
Oman's pavilion will showcase a range of national projects and initiatives in agriculture, fisheries and water sustainability.

Oman boosts Belarus trade links at Belagro 2026
The governorate registered 451 new commercial registrations, bringing the cumulative total to 20,933.

South Al Sharqiyah sees surge in business activity
Qais al Yousef, Chairman, Public Authority for Special Economic Zones & Free Zones (OPAZ).

SEZAD, SQU launch Duqm Summer Internship programme
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Europe's green jet fuels see upside in Iran war
The investment reflects the collaborative efforts of Invest Oman, Sohar Freezone, the Special Economic Zone at Duqm and the project developer.

Oman secures $1 billion battery materials project
The initiative forms part of a broader strategy to develop investment-ready projects.

Oman launches investment projects with guaranteed buyers
A natural spring in the Semail Ophiolite through which geologic hydrogen seeps to the surface.

Oman pilot well boosts case for natural hydrogen
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Bond and sukuk listings in Oman reach RO 589 million
The extended trading window is also expected to contribute to greater market depth, increased stability and stronger investor participation.

Trading hours extension to boost market liquidity
The financial sector led the advance, gaining 217 points on the back of stronger bank and investment company shares.

MSX rebounds as market capitalisation gains RO 327 million
A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas. — Reuters

IMF, World Bank, others warn Middle East war is straining energy supplies
A shopper pushes a trolley in a supermarket in London. — Reuters

Inflation fight again putting central bank independence under strain
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Trending Stories
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Saudi Arabia guest of honour at SPIEF 2026

The return of the remaining Omani pilgrims to the homeland will continue in the coming days.

Pilgrims return to Oman after successful Haj season

A vehicle drives past installed banners at the Sadeghiyeh Square in Tehran. — AFP

Iran demands rights as Trump toughens terms

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Successful spine surgeries highlight healthcare decentralisation

Smoke billows from southern Lebanon, following Israeli strikes, as seen from Nabatieh. — Reuters

Israeli strike near hospital in south Lebanon wounds 13

Rescuers work at a site of apartment buildings hit by a Russian drone strike in Dnipro, Ukraine. — Reuters

Kyiv says struck Russian pipeline and oil depot

Ibrahim bin Said Al Busaidy, Minister of Heritage and Tourism, signed the agreements

MoHT signs deals for Al Hamra Resort, Mirbat Hotel

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US military fires on ship violating Iran blockade

BUSINESS VIDEOS
Economy
Under the framework, products will qualify for tariff concessions if they are either wholly obtained or produced within India or Oman.

India issues rules of origin for Oman CEPA

MUSCAT, MAY 31India has formally notified the rules that will govern the determination of origin of goods traded under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), paving the way for the implementation of preferential tariff...

15 licences are currently operational, including 14 for building materials and one for chromium ore extraction.
South Al Batinah mining sector expands
Oman's pavilion will showcase a range of national projects and initiatives in agriculture, fisheries and water sustainability.
Oman boosts Belarus trade links at Belagro 2026
Qais al Yousef, Chairman, Public Authority for Special Economic Zones & Free Zones (OPAZ).

SEZAD, SQU launch Duqm Summer Internship programme
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Oman launches package for investors with pre-purchase pacts
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Oman embraces a project to produce anode lithium-Ion battery materials
Opinion
Sandhya Rao Mehta
Sandhya Rao Mehta Growing AI scepticism reflects rising ethical and social concerns
Thomas L Friedman
Thomas L Friedman How much crow will Trump have to eat on Iran?
Abdulaziz Al Jahdhami
Abdulaziz Al Jahdhami A journey where humanity stands equal
Markets

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, May 27, 2026. REUTERS/Jeenah Moon

Stocks ease from highs amidst Gulf tensions

Oman Cables showcases sustainability-led innovation

Reopening of Strait of Hormuz still a question mark

Oil prices fall on news of possible Iran deal

Muscat Stock Exchange extends trading hours

Banking

Mustahil al Mamari, CEO — Oman Banks Association, addressing the New Age Banking Forum last week

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

Oman sees 76% growth in digital payments: CBO

Energy

Formally known as the Duqm North and South Wind Project (DNSWP), the pilot farm will comprise six wind turbine generators with a total installed capacity of 58 MW.

Oman’s O-Green to develop 58 MW wind power pilot in Duqm

South Al Sharqiyah sees surge in business activity

Oman LNG advances methanation pilot project study

Oman-Europe Liquid Hydrogen Corridor gains momentum

OQGN net profit rises 7.1% in Q1 2026

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
India issues rules of origin for Oman CEPA

MUSCAT, MAY 31India has formally notified the rules that will govern the determination of origin of goods traded under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), paving the way for the...

Under the framework, products will qualify for tariff concessions if they are either wholly obtained or produced within India or Oman.

Oman’s O-Green to develop 58 MW wind power pilot in Duqm

South Al Batinah mining sector expands

Oman boosts Belarus trade links at Belagro 2026
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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