Private health services back to normal in Oman
Private healthcare services in the Sultanate, having suffered significant curtailment of their activities during the pandemic, have now returned to normality, according to a top official of the...
Oman refineries cut fuel output as pandemic hits demand
State-owned OQ (formerly Oman Oil and Orpic Group), which owns and operates the Sultanate’s two principal refineries, reported a sharp decline in the production of motor fuels during the first five...
Privilege cards for Omani manpower-friendly private firms
Eager to enhance the private sector’s employment appeal to Omanis, the Sultanate’s authorities are promoting a new initiative to recognize and reward private sector companies that provide a...
Oman market preps for levy on sugar sweetened drinks
Importers, distributors, and traders dealing in sugary and sweetened beverages, which are subject to 50 per cent Excise Tax with effect from October 1, 2020, can expect the new levy to apply to...
Modest fiscal surplus buoys outlook for Oman’s public finances
A relatively small, but symbolically significant, fiscal surplus achieved by Oman for the first four months of this year – the outcome of austerity measures adopted by the government in response to...
Oman’s private sector urged to boost investment in Covid-19 care
The Sultanate’s Ministry of Health has urged private health establishments to ramp up their investments and capabilities in the management of COVID-19 patients, given the likelihood that the novel...
Oman’s OQ sets up Alternative Energy business stream
[caption id="attachment_622316" align="alignleft" width="182"] Ayad al Balushi[/caption] OQ (formerly Oman Oil and Orpic Group) – the Sultanate’s integrated energy and petrochemicals powerhouse...
Oman’s power sector subsidy soars to RO 625m in 2019
Government subsidy to Oman’s electricity sector rose 10.9 per cent to reach a record RO 624.69 million (approximately $1.6 billion) in 2019, notwithstanding far-reaching measures adopted in recent...
Oman puts maiden Waste-to-Energy project on hold
Plans for the procurement of Oman’s first utility-scale Waste-to-Energy (WTE) project have been “suspended”, a top official said, citing flagging electricity demand and the wider economic...
RfP for Oman’s mega solar PV project soon
A Request for Proposals (RfP) linked to the procurement of Oman’s biggest solar photovoltaic based Independent Power Project (IPP), planned in Al Dakhiliyah Governorate, is likely to be issued in...
Oman arbitration centre to begin hearing disputes before year-end
Oman’s dedicated forum for the arbitration of commercial disputes is being prepped to receive cases – referred to it by either local or international parties – starting from the end of this...
Pandemic halves fuel consumption in Oman
Muscat: The uptake of motor fuels across the Sultanate plummeted by almost 50 per cent during the second quarter of this year, as pandemic containment measures, including limited lockdowns,...
Oman makes headway with $430m algae farm project
Muscat: Oman hopes to make a landmark foray into the multibillion dollar global algae farming industry with a maiden investment in a mega project on the South Al Sharqiya coast with key backing from a...
Strategy to boost Oman’s air cargo throughput to 700,000 tons by 2030
An array of Omani agencies spanning the aviation, shipping, logistics, customs and regulatory sectors are working in concert to achieving a trebling of the Sultanate’s airfreight volumes to around...
Commercial abalone farming set for strong growth in Oman
The abalone fishing industry in southern Oman – an important source of livelihood for traditional fishing communities distributed along the coast of Dhofar Governorate – is set for a big boost...
E-platform for Oman’s mining sector on cards
Muscat: Work on the development of a dedicated e-portal for Oman’s mining sector is expected to kick off this year – an initiative that promises to significantly enhance the investment appeal and...
Royal Decree on Airport Free Zones on anvil in Oman
Oman is developing the legislative framework necessary to spur the growth of free zones around key airports in the Sultanate. The initiative is being driven by the Implementation Support and...
New anti-tax avoidance unit created within Oman Tax Authority
[caption id="attachment_621395" align="alignleft" width="162"] Ashok Hariharan[/caption] A new Anti-Tax Avoidance Department has been incorporated within Oman’s newly restructured Tax Authority –...
CCED Oman set to produce its 100 millionth barrel this year
[caption id="attachment_621386" align="alignleft" width="184"] Walter Simpson[/caption] Away from the limelight dominated by the likes of Block 6 of Petroleum Development Oman, Block 61 of BP, or...
Opportunities abound for Omani SMEs in drone services
The Sultanate’s authorities are urging young Omani tech entrepreneurs, as well as small businesses, to explore opportunities that harness the capabilities of unmanned aerial vehicles – also...