author - oman observer

Petroleum Development Oman (PDO), the Sultanate’s biggest oil and gas producer, achieved record production of 1.210 million barrels of oil equivalent per day (boe/d) in 2019, bolstered by a strong...

Salalah: Following a brief suspension of operations on Friday owing to adverse weather in Dhofar Governorate, Port of Salalah announced yesterday (Saturday) that services had resumed and were shortly...

Demand for optical fibre-based broadband connectivity has soared in the wake of the coronavirus outbreak, as efforts to curb the spread of the pandemic encouraged the large-scale adoption of remote...

The Sultanate has officially brought into commercial operation its first utility-scale solar photovoltaic (PV) scheme – a 105 MWac capacity Independent Power Project (IPP) located at Amin in the...

An estimated 16,670 expatriates left the Sultanate in April this year – a figure that is set to balloon as the socioeconomic impact of the downturn – unleashed by the coronavirus pandemic as well...

MUSCAT: Luxury hotels in the Sultanate saw revenues plummet a hefty 24 per cent during the first three months (January – March) of this year as the hospitality sector, together with the wider travel...

The Sultanate’s capital market witnessed a significant uptick in listed debt instruments in 2019, underscoring the increasingly expanding role of debt in facilitating economic growth in the country,...

Bids are due in by mid-July for two key tenders linked to the establishment of a new integrated cement plant in the Special Economic Zone (SEZ) at Duqm in Oman’s Wusta Governorate. The client is Al...

Muscat: Gross direct premiums of Takaful – commonly referred as Islamic insurance – grew 20 per cent to RO 64.167 million in 2019, up from RO 53.584 million a year earlier, in trend with the...

Shams Ad-Dhahira Generating Company SAOC (SAGC), which is developing Oman’s biggest utility-scale solar PV project, says it is making headway in the implementation of the giant scheme at a sprawling...

Muscat: Oman’s capital market raised funding to the tune of RO 3.14 billion ($8.2 billion) for various projects and economic initiatives in 2019, up from RO 1.8 billion ($4.67 billion) in 2018. The...

OQ (formerly Oman Oil and Orpic Group) – the Sultanate’s energy conglomerate – celebrated over the weekend the successful start-up of the polyethylene unit of its giant Liwa Plastics Industrial...

Oman and member states of the GCC bloc are expected to see an uptick in the localisation of food and pharmaceutical manufacturing activities – one of several learnings from the COVID-19 pandemic...

MUSCAT: A project encompassing the development of three major, internationally-funded public hospitals for Oman’s Ministry of Health has been named among 15 best global corporate deals of 2019 by a...

Muscat: A proposed new carriageway connecting Thamrait with Salalah in Dhofar Governorate – and earmarked primarily for heavy trucks and commercial vehicles – is envisaged as a toll road project...

Muscat: Publicly traded power and water companies in the Sultanate say they are weighing the implications of a decision by Oman Power and Water Procurement Company (OPWP) – the monopoly state-run...

Muscat: Wholly Omani owned OQ Chemicals (formerly Oxea) – a global manufacturer of oxo intermediates and oxo derivatives – says it plans to boost its output of carboxylic acids, which are a key...

Muscat: The Sultanate’s government has roped in the private sector to establish a first of its kind complex for livestock marketing, complete with a world-scale abattoir and an array of associated...

Having pioneered the mass production of low-cost, high-quality face visors through the use of injection moulding technology, Intaj Suhar – the industrial innovation hub based at Sohar University –...

Low oil prices coupled with the COVID-19 pandemic are beginning to weigh on the performance of Oman’s publicly listed companies, albeit to varying degrees, with some sectors in particular bracing...