Oman’s economy grows amid reform progress: IMF
Oman’s economy is on a steady growth trajectory, supported by robust reforms under Oman Vision 2040, according to the International Monetary Fund (IMF). In its End-of-Mission press release following the […]
Membership of GAGE to spur Oman’s green energy transition
The Sultanate of Oman’s recent membership of the Global Alliance on Green Economy (GAGE) – a key international platform committed to building national capacities of members in their transition to […]
Oman oil price jumps $1.71 per barrel
The official price of Oman crude oil on Tuesday for January delivery surged to $72.21 per barrel, reflecting an increase of $1.71 from Monday’s price of $70.50. The monthly average […]
Initiatives to fuel new phase of Oman’s growth
Oman is poised to enter a new phase of industrial development, driven by its ambitious Industrial Strategy 2040 and Local Content Plan (ICV). These initiatives, launched by the Ministry of […]
OQ Base Industries IPO to raise over RO 180 million
The Financial Services Authority (FSA) has approved the prospectus for the initial public offering (IPO) of OQ Base Industries, a subsidiary of the Oman Investment Authority. As part of its […]
Oman plans National Foresight Office to navigate future challenges
Oman’s authorities are taking steps to set up a centralised unit dedicated to future-proofing the country against potential vulnerabilities and disruptive global developments with far-reaching impacts. The initiative, dubbed the […]
Al Wusta a vital regional hub for maritime logistics
The 5th Duqm Forum, held at the Oman Convention and Exhibition Centre, focused on the vast investment opportunities available in Al Wusta Governorate, emphasising the blue economy, food security, logistics, […]
SOHAR Port and Freezone a pioneer in clean energy and hydrogen trade
As the world intensifies efforts to decarbonise, ports are increasingly crucial in developing clean energy trade corridors. These commercial hubs are transforming from traditional logistics centres into key players in […]
Private institutions add RO 8.5 billion in value in Q2 2024
The total added value of private institutions in Oman reached RO 8.528 billion in the second quarter of 2024, according to preliminary figures released by the National Centre for Statistics […]
OQEP’s public offering subscribed 2.4 times
The Financial Services Authority (FSA) has approved the allocation ratios for OQ Exploration and Production (QQEP) Company shares after the subscription witnessed the coverage of the volume of offered shares […]