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Tuesday, May 20, 2025 | Dhu al-Qaadah 21, 1446 H
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Economy

$550 million for Duqm port expansion

BUSINESS REPORTERMUSCAT, MAY 19Investcorp, the global alternative investment firm, has announced a landmark $550 million investment in Oman’s Port of Duqm, marking one of the largest foreign direct investments into the...

The Port of Duqm is positioned as a vital global trade and logistics hub.

Oman shows fiscal strength as budget surplus persists at $69 oil

With a more sustainable fiscal foundation in place, Oman is now positioned to invest more strategically in non-oil sectors such as logistics, manufacturing, tourism, and green energy.

Oman’s oil output to hit 1.1m bpd by 2027: S&P

‘We project hydrocarbon growth to improve toward 2%-3% annually over the next few years’: S&P

'New US tariffs may have a relatively limited impact on Oman'

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10% tariff on imports from Oman despite FTA

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S&P affirms Oman’s Rating at BBB- with stable outlook

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Growing project pipeline signals Oman's mineral commercialisation

MDO increased investments in subsidiaries to RO 102.5 million as of December 31, 2024.

Hidden trade persists in Salalah as shops shun e-payments

Hidden retail trade activities erode tax revenues and deter young Omanis from joining the sector, an expert warns. Picture for illustration only.

Oman sees growth in private enterprises

The total number of enterprises rose to 267,734 from 240,765 the previous year.

Xi urges CEOs to protect trade as Trump tariffs loom

Chinese President Xi Jinping and representatives of the international business community pose for photo at the Great Hall of the People in Beijing. - Reuters

OOMCO's biodiesel sales top 2 million litres in Oman during 2024

Popular biodiesel products marketed by fuel retailers in Oman are the B5 and B20 blends

How secure is Signal, anyway?

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Airlines cast doubt on EU sustainable fuels targets

The EU will require airlines to gradually increase the amount of so-called sustainable aviation fuel (SAF) they use to power planes.

OCCI announces formation of automotive committee

The Automotive Committee is one of 19 sectoral committees within OCCI

Gold climbs as new Trump tariffs on auto sector stoke trade tensions

The Sicpa Oasis validator system (bullion protect) is pictured on one kilogram bar of gold at Swiss refiner Metalor in Marin near Neuchatel, Switzerland. — Reuters

Deep sea mining impacts still felt forty years on, study shows

A view shows a cross-section of a manganese crust at the bottom of the Norwegian Sea, in this undated handout picture. — Reuters
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