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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.

France eyes rocket launch from Al Duqm

Guests are seen at the opening of the Oman Space Conference 2026.

Oman launches capital market awards

The awards aim to recognise institutional achievements and their contribution to the market, investors and the national economy, alongside traditional performance indicators.

Oman’s Fawtara timeline offers more than compliance

Taxable persons with annual supplies above RO 5 million will come under the first mandatory phase from April 1, 2027

Oman’s real GDP grows 5.1% in second quarter

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Oman secures RO 97.4m in food investments

The projects cover food manufacturing, agriculture, aquaculture and related industries across several governorates.

Oman re-exports rise 13.6% in first half of 2026

The wholesale and retail trade sector’s contribution to gross domestic product at current prices reached about RO 1.735 billion, compared with the same period of 2025.

Oman’s Hydrom joins global Hydrogen Council

Eng Abdulaziz al Shidhani, Managing Director of Hydrom.

Oman bank lending rises 12.2%

Private sector deposits increased 12.9 per cent to RO 24.7113 billion, compared with RO 21.8901 billion a year earlier.

Credit Oman insures manufacturers’ advance payments

The policy covers upfront payments for raw materials, intermediate goods and capital equipment used to manufacture products.

Oman, Philippines conclude investment pact talks

The Philippines-Oman Investment Promotion and Protection Agreement is intended to strengthen investor safeguards and encourage investment flows between the two countries.

Oman & Kazakhstan: Moving towards broader partnerships

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Chinese contractor wins two Duqm power project packages

China Eleventh Chemical Construction has secured civil and site-support work on the $910m, 890 MW plant. (Picture for illustration)

Oman maps minerals-to-fertiliser value chain

The plan covers existing and proposed projects, investment opportunities, participating organisations and implementation schedules for priority developments.

Oman graphite refinery project gains momentum

Graphite is a key ingredient serving the lithium-ion battery anode, isostatic graphite and thermal energy-storage markets.

Oman seeks deeper investment ties with Tanzania

The longstanding historical relationship between Oman and Tanzania offered a foundation for broader economic and investment cooperation.
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