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Monday, October 26, 2026 | Jumada al-ula 14, 1448 H
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Economy

PDO launches AI drive to automate production

BUSINESS REPORTER MUSCAT, OCT 26 Petroleum Development Oman (PDO) on Monday launched a programme to introduce increasingly autonomous production operations, alongside new artificial intelligence tools and digital...

The initiatives were unveiled at PDO’s Autonomous and Digital Transformation Day, held under the auspices of Abdullah bin Salim al Harthy, Under-Secretary of the Ministry of Finance.

Oman hotel revenue hits RO 96.2 million by April

Omani nationals remained the largest group of hotel guests.

Call for stronger standards to win global markets

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Oman economy to grow 2.4% in 2026: World Bank

Oman's ports at Salalah, Al Duqm and Suhar have helped maintain the flow of trade and cargo.

OMIFCO targets up to 8.3% dividend yield as IPO subscription opens

To build investor interest, OMIFCO is staging a series of roadshows across Oman.

Al Suwaiq Industrial City courts investors

Madayn hosted a meeting to highlight the advantages and incentives available at the industrial city.

Construction begins on Muttrah Square waterfront landmark

Once complete, Muttrah Square is expected to become a prominent architectural and tourism landmark in the capital.

Oman cybersecurity market to hit $214 million

Domestic market is expected to rise from $135.33 million in 2025 to $146.12 million in 2026.

National Gas Saudi unit, Zamil win LPG licences

For National Gas, the award provides access to a major Saudi consumer market.

Smart water meter coverage reaches 99.5% across Oman

Nama Water Services is implementing a phased plan to complete the smart meter rollout.

Oman strengthens freelance ecosystem through digital platforms

Digital platforms make freelance work a vital contributor to the modern economy and an enabler of economic diversification.

Oman real estate prices jump 15.9% in first quarter

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Credit Oman-backed domestic sales top RO 180 million

Muscat Governorate accounted for the largest share of insured domestic sales at RO 120 million.

SEZAD plans major coastal tourism expansion

The plan seeks to develop a 16-kilometre waterfront.

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

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

Students brief OPAZ chairman on Duqm internship

The 18 students pictured with the Chairman of OPAZ
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