author - oman observer

The Muscat Stock Exchange (MSX) has emerged as the second best performing stock market in the GCC in 2022 with a 17.6 per cent overall growth compared to 12.9 per cent growth in 2021. MSX is next to...

Supported by strong investments in new fisheries infrastructure and necessary institutional, legislative, technical and economic frameworks, fish production in the Sultanate of Oman has increased from...

Muscat: Oman Electricity Transmission Company (OETC), a member of Nama group, has announced that it has acquired from Rural Areas Electricity Company (Tanweer) electrical transmission networks in the...

The number of travellers has risen sharply in the Sultanate of Oman with both inbound and outbound traffic witnessing significant growth, underscoring the strong recovery under way in the tourism...

The Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) economies will grow to $6 trillion by 2050, Dr Nasser bin Rashid al Mawali, Under-Secretary of the Ministry of Economy said...

The Sultanate of Oman has been ranked third among Arab countries with the most number of hydrogen projects during the Q3 2022. Oman has set an ambitious goal to become one of the largest green...

MUSCAT, DEC 18The Gulf Cooperation Council’s (GCC) total merchandise value reached $1.146 trillion in 2021, compared to $840.7 billion in 2020, an increase of 36.4 per cent. GCC’s exports to its...

As part of the Omani government's efforts to tap international investment in the ITC sector, the Ministry of Transport, Communications and Information Technology (MTCIT) signed a Memorandum of...

Wholly Omani government-owned Asyad Shipping – part of Asyad Group – opened its first international office in Singapore on Monday as part of its ambitious plans to expand its business portfolio...

The Sultanate of Oman, as a maritime nation, plays an important role in assuring the stability of global logistics, Dr Ibrahim al Nadhairi, CEO of Asyad Shipping and Drydock Services, said on the...

Khazaen Economic City signed an investment agreement with Al Awael Smart Building LLC to build a smart bricks factory in Khazaen. The agreement was signed by Fares al Khaldi of Al Awael Smart Building...

Asyad, the national logistics group of the Sultanate of Oman, has outlined plans to expand in the logistics sector, both regionally and globally.Abdulrahman al Hatmi, Asyad Group CEO, said in an...

After witnessing a decline for two consecutive months, the Muscat Stock Exchange — the only bourse of the Sultanate of Oman — has emerged as the best performing market in the Gulf Cooperation...

Oman Electricity Transmission Company (OETC) – a member of Nama Group – announces the completion of the construction of a grid station and its associated transmission lines in the Wilayat of...

The Public Establishment for Industrial Estates (Madayn) inaugurated an integrated vehicle service station in Al Buraimi Industrial City. The inauguration was held under the auspices of Sayyid Dr...

The lending activities of the banks in the Gulf Cooperation Council (GCC) remained robust during Q3 2022 resulting in record high loan books at the end of the quarter, Kamco Invest said in a report....

The Ministry of Agriculture, Fisheries and Water Resources (MAFWR) last week said the ministry, in cooperation with the Food and Agriculture Organisation of the United Nations (FAO), currently has...

Wireless infrastructure group Helios Towers said “all closing conditions” are met as it set to acquire 2,890 cell tower sites of Omantel, Oman’s national operator. The $575 million deal —...

Total net profits for listed companies in Muscat Stock Exchange increased by 14% year-on year (y-o-y) to $457.6 million in Q3 2022 as compared with $401.4 million in Q3 2021, according to Kamco...

In an effort to decrease reliance on food imports and to achieve self-sufficiency in agricultural products, the Omani government decided to venture into smart farming by collaborating with Nongshim, a...