author - oman observer

MUSCAT, JAN 14 - The planned roll-out of a number of key initiatives, notably in the form of Mandatory Health Insurance, Real Estate Investment Trusts (REITs) and Exchange-Traded Funds (ETFs), is...

Muscat: In what promises to be a major shot in the arm for the construction and real estate sectors in the Sultanate, majority state-owned Petroleum Development Oman (PDO) is inviting private...

Muscat: Sultan Qaoos University (SQU) – the Sultanate’s preeminent higher learning institution – is implementing a string of projects and initiatives designed to achieve a minimum 40 per cent...

MUSCAT, JAN 7 - A renewable energy development plan unveiled recently by the Oman Power and Water Procurement Company (OPWP) — the sole buyer of electricity in the Sultanate — envisions the...

MUSCAT, JAN 6 - A sizeable uptick in tax revenues in 2019 has been credited to the establishment of a new tax institution coupled with improvements in tax collection procedures. According to the 2020...

MUSCAT, JAN 6 - Oman Aviation Services (OAS) — part of Oman Aviation Group (OAG) — plans to launch its new brand and identity during 2020. The corporate makeover will mark the start of a...

MUSCAT, JAN 5 - Nine mega ventures currently in various stages of implementation with investments totalling in excess of $25 billion have been affirmed by the Omani government as imperative to...

MUSCAT, JAN 4 - Despite cutbacks and even rollbacks in a number of government subsidies in recent years, the 2020 State Budget will still incur a total subsidy pay-out to the tune of RO 755 million,...

MUSCAT, JAN 4 - The National Training Fund (NTF), the Sultanate’s workforce development flagship, will support the training and skills development of an estimated 10,000 Omanis over fiscal 2021 and...

In a major boost for Oman’s public healthcare sector, the British-based International Hospitals Group (IHG) has secured funding to the tune of around £500 million (approximately RO 250 million)...

Market pundits reacted with optimism to the keenly awaited 2020 State Budget, which was unveiled by the Omani government on Wednesday. A standout feature was the spending increase — albeit modest...

Notwithstanding the protracted slump in the real estate sector across the wider Gulf region, the promoters behind Oman’s maiden Real Estate Investment Trust (REIT) — the Aman Real Estate...

The Qatari promoters of a distinctive tourism and heritage project planned at Al Seeb in Muscat Governorate have invited contractors to submit their credentials ahead of the start of a competitive...

Aman REIF (under formation) — the Sultanate’s first Real Estate Investment Trust or Fund (REIT) which is due to open for public subscription in the first week of January, plans to invest part of...

1: His Majesty the Sultan issues a series of Royal Decrees promulgating landmark laws hailed as a watershed in the Omani government efforts to modernise its business regulatory environment and thereby...

MUSCAT, DEC 29 - Judging by most indicators, the prognosis is good for an upturn in Oman’s economic outlook, going into the New Year. This optimistic picture is fuelled by, among other developments,...

MUSCAT, DEC 28 - Relatively stable international oil prices, sizable reductions in the budget deficit, and the enactment of far-reaching investment and business friendly laws are among a string of...

MUSCAT, DEC 28 - Plans for the inclusion of ‘clean coal’ in Oman’s diversified energy mix have put on the back-burner for now, as the country makes an aggressive transition to renewables-based...

Masirah Oil Limited (MOL), which holds a 100 per cent interest in Block 50 offshore Oman’s eastern seaboard, announced on Thursday the successful spudding of an appraisal well targeting the...

The Sultanate is renewing its offer of $700,000 in prize money to any inventor — local or international — who comes up with a cost-effective, portable, hand-held desalination device that can be...