author - oman observer

Energy Development Oman SAOC (EDO) has received a ‘BB’ long-term issuer default rating (IDR) with a stable outlook from international ratings agency Fitch. This comes after S&P rated EDO with BB-...

Amid record production, Oman now exports liquefied natural gas (LNG) to around 20 countries globally, having added Greece to its list of importers most recently.Earlier this week, Reuters reported...

The construction works of Oman's first calcined coke project at the Sohar Freezone by Sanvira Carbon FZC LLC have successfully been completed. The $150 million project, which was launched in November...

@JmObserver - Australian-based submarine cable development specialist SUB.CO confirms that the final splice of the Oman Australia Cable (OAC) has been installed. The OAC — a 9,800 km system...

@JmObserver - Helios Towers, the independent telecommunication infrastructure company, has announced the extension of the long-stop date relating to its acquisition of Oman Telecommunications...

The Sultanate of Oman leads the list of Middle East and North African (MENA) countries shifting away from fossil fuels to green energy, this according to the latest report of Global Energy Monitor....

@JmObserver - A major seawater desalination project in Barka in South Al Batinah Governorate has kicked off, officials said on Monday.The project is overseen by GS Inima, a wholly owned subsidiary...

Masirah Oil has announced the successful completion of the full upgrade of its production facilities at its Yumna field operations in Block 50 offshore Oman’s east coast.Major change-outs and...

@JmObserver - Bahwan Services and Trading LLC (BST), an affiliate of Shaikh Ahmed bin Suhail Bahwan’s group of companies (Sultanate of Oman) and Ajlan & Brothers Holding Group (Abilitii), Kingdom...

BUSINESS REPORTERMUSCAT, MAY 15Total outstanding credit extended by conventional and Islamic banks (collectively referred to as Other Depository Corporations – ODCs) grew by 2.8 per cent to RO 27.9...

MUSCAT: The polling process for the Philippines national elections in the Sultanate of Oman was generally peaceful, according to the Philippines Ambassador Imelda M Panolong."The month-long election...

@JmObserver - Buoyed by resurgent oil and gas prices and increasingly strong fiscals, the Sultanate of Oman’s 2022 Budget registered a surplus of RO 357 million at the end of first quarter, as...

@JmObserver - Dubai Mercantile Exchange (DME) announced on Tuesday that its DME Auction platform was utilised by the Omani Ministry of Energy and Minerals to auction a cargo of one million barrels...

MUSCAT: Premium auto brand Exeed will roll into Oman, with the company reportedly in talks with leading automobile groups for distributorship here. On March 13, 2022, the Exeed brand media release has...

Muscat: Filipinos living in the Sultanate of Oman can vote for the Philippine national elections till May 9, the actual date of voting in the country.According to sources in the Philippine Embassy,...

MUSCAT: The Sultanate of Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers — a milestone that was commemorated on Monday by a...

MUSCAT: Filipinos in the Sultanate of Oman can now cast their votes for the 2022 national elections. The overseas voting for the 2022 Philippine national and local elections started on Monday (April...

@JmObserver - Leading international engineering services giant Worley has announced that it has been contracted by Green Energy Oman (GEO), an international consortium, to support their 25-gigawatt...

@JmObserver - In a move to attract more international investors and foreign capital inflows into the country, the Muscat Stock Exchange (MSX) plans to allow 100 per cent full foreign ownership in...

International credit rating agency Fitch says the Islamic banking sector in the Sultanate of Oman is likely to sustain its positive trajectory in the short-to-medium term despite a number of...