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Construction of Ghubrah-3 desalination project kicks off
Douglas OHI, an Omani contracting firm, has embarked on the construction of temporary office facilities and essential utility infrastructure, marking the initial steps towards the realization of the Ghubrah 3 […]
SOHAR Port & Free zone advances circular economy with new facility
SOHAR Port and Freezone recently celebrated the groundbreaking of Elite Hazardous Waste Management Solution (FZC) LLC, a project poised to revolutionise industrial waste recycling, treatment, and disposal in Oman. Strategically […]
Bank credit and investments in Oman increase
Traditional commercial banks in the Sultanate of Oman saw a slight increase in their total credit balance, rising by 0.4% by the end of April 2024. The credit extended to […]
Omani rial strengthens amid economic growth
The effective exchange rate index for the Omani Rial (RO) rose by 3.9 per cent at the end of April 2024, reaching 118.400 points, according to preliminary statistics issued by […]
Oman bourse surpasses RO 24.351 billion mark
Oman bourse, Muscat Stock Exchange (MSX) saw its market value climb to RO 24.351 billion by the end of last week’s trading, marking a weekly gain of over RO 108.500 […]
be’ah advances energy recovery and circular economy projects in Oman
be’ah, the municipal and solid waste management agency of the Sultanate of Oman, is pressing ahead with the implementation of an array of initiatives aimed at unlocking energy and other […]
Oman’s GDP grows despite decline in oil and gas activities
The gross domestic product (GDP) at current prices of the Sultanate of Oman at the end of Q1 2024 recorded an increase of 0.8 per cent to reach RO 10.442 […]
Credit granted by banks in Oman rises to RO 30.8 billion
By the end of April 2024, the total amount of credit extended by the Omani banking industry has grown by 2.6 per cent to RO 30.8 billion. According to data […]
PDO wins five awards at GCC International CSR Conference and Awards 2024
In recognition of its outstanding contributions to corporate social responsibility, Petroleum Development Oman (PDO) received five awards at the 2nd GCC International Corporate Social Responsibility (CSR) Conference and Awards 2024, […]
PDO evaluating bids for two 100 MW wind projects
Petroleum Development Oman (PDO), the country’s biggest oil and gas producer, has announced progress in the development of a string of renewable energy projects designed to support the decarbonisation of […]