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Asyad Group strengthens stake in Asyad Shipping
In a decisive move to reinforce market confidence, wholly state-owned integrated logistics enterprise Asyad Group SAOC has acquired 21,591,628 shares of newly listed Asyad Shipping SAOG at an average price […]
OFM expands global reach to strengthen food security
Oman Flour Mills (OFM), one of the largest integrated food companies in the Sultanate of Oman, has launched a series of strategic projects, reinforcing its commitment to strengthening food security […]
Oman’s national shipping company to acquire six newbuild vessels by 2026-27
Newly-listed national shipping company Asyad Shipping recorded a net profit of RO 51.6 million for the year ended December 31, 2024, compared to net earnings of RO 39.5 million for […]
Oman’s medical glove industry gears up for regional expansion
Oman is set to strengthen its position as a regional hub for medical supplies with the upcoming launch of a state-of-the-art medical glove manufacturing facility in Sohar Freezone. The plant, […]
MSX unveils investment initiatives
The Muscat Stock Exchange (MSX) has affirmed its commitment to stimulating the market and enhance the investment environment to attract more local and international investments, thereby contributing to the overall […]
Unido highlights Oman’s key role in energy transition
The United Nations Industrial Development Organization (Unido) has underlined Oman’s significant role in the global energy transition. Speaking at the Omani Industry Day celebrations earlier this week, Gerd Müller, Director […]
Oman-Qatar forum explores investment opportunities
The Omani-Qatari Economic Forum was held on January 29, 2025, at the St Regis Muscat, in the presence of Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment […]
Energy-generating walkways proposed in Oman
A team of young Omani innovators from Sultan Qaboos University has proposed the installation of energy-generating corridors in public spaces to harness and convert the kinetic energy of footsteps into […]
Oman and India commit to joint fund for sustainable infra
The 11th meeting of the Oman-India Joint Committee was held here yesterday, January 28, 2025, under the leadership of Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry, and […]
Asyad Group plans to sell at least 20% of shipping unit via IPO
Asyad Group SAOC (“Asyad Group”), a prominent global integrated logistics provider, today announced its intention to offer at least 20% of the issued share capital in Asyad Shipping Company SAOG […]