author - oman observer

Australian-based submarine cable development specialist SUB.CO announced that it will expand its Oman Australia Cable (OAC) with a new branch unit in Salalah.About 1,200 kilometres of new cable will...

Muscat: International ratings agency Fitch said the market share of Oman’s Islamic banking sector is expected to rise steadily this year, driven by sizeable public demand for Islamic products,...

The Philippines lone gypsum board manufacturer, Knauf Gypsum Philippines, filed a petition to the Philippines’ Tariff Commission seeking exemption from the three per cent tariff on the importation...

MUSCAT, FEB 26Oman’s oldest joint venture, the Vietnam-Oman Investment (VOI), is investing at least $30 million in F88 — a financial services firm based in Hanoi.Founded in 2013, F88 is the...

The Sultanate of Oman is projected to have a 1.9% consumer price index (CPI) for 2023 — the lowest in the GCC region — according to the latest report by Kamco Invest. CPI is the most well-known...

MUSCAT, FEB 20Oman Flour Mills (OFM), a major player in the country’s food sector, expects to receive a 35,000 MT of wheat from Australia this month as a result of a contract signed in November last...

The Sultanate of Oman received yet another feather in its cap with the capital city, Muscat, topping the list of the most affordable capital cities when comparing property price to income, according...

The Dubai Mercantile Exchange (DME), the trading platform for DME Oman — the Oman crude oil benchmark — has supplied more than 3 billion barrels of Omani crude through its physical and EFP...

The value added of oil activities in the Sultanate Oman at the end of Q3 2022 reached RO 12.5 billion, compared to RO 7.2 billion at the end of Q3 2021, registering an increase of 73.6 per cent. The...

MUSCAT: China accounted for 90 per cent of Oman’s total crude exports of 23.4 million barrels in December 2022, the Ministry of Energy and Minerals said in a report. India was the next leading...

Dr Ahmed bin Nasser al Bakri, Under-Secretary for Agriculture at the Ministry of Agriculture, Fisheries and Water Resources said that Nakheel Oman Development Company, the investment arm of the...

An Omani-Australian joint venture behind the development of a key copper-gold project in Oman has announced the start of mining of high-grade copper sulphide ore at their Wash-hi Majaza mine in the...

The GCC Initial Public Offering (IPO) market witnessed strong activity in 2022 and surpassed the 2021 achievements, despite volatility in markets. Last year, the GCC recorded 48 IPO issuances compared...

MUSCAT, JAN 16Abdulsalam al Murshidi, President of Oman Investment Authority (OIA), revealed that the Saudi Public Investment Fund, on the directives of Saudi Crown Prince Mohammed bin Salman, has...

MUSCAT: The Sultanate of Oman is ranked 8th on the index of countries with the highest quality of life, according to the world data encyclopedia, Numbeo. The Netherlands topped the list with 196.7...

MUSCAT, JAN 14International ratings agency Moody’s said in a report on Wednesday that the Sultanate of Oman is likely to achieve a fiscal surplus again this year, if the oil prices remain at an...

Masirah Oil Limited said that it has completed the drilling campaign in Block 50 offshore Oman. The drilling campaign included the replacement of the electrical submersible pump in the Yumna-3 well...

Boosted by high oil prices and fiscal stability, the Sultanate of Oman ranks among the top countries in the world that is expected to benefit from an upsurge in investment inflows in 2023.A new report...

MUSCAT, JAN 8The meetings, incentives, conferences and exhibitions (MICE) sector — a key pillar of the Sultanate of Oman's vital tourism industry — has reported strong growth in 2022 in line with...

Sohar Flour Mills Company, a subsidiary of Oman Flour Mills (OFM), opened a grain silo complex in Suhar Port yesterday. High-level representatives of Oman Flour Mills were joined by officials from...