author - oman observer

In the space of a mere seven years, the Sultanate’s Islamic banking sector has witnessed rapid growth to become the world’s 15th largest to date, according to a top official of the Central Bank of...

Italian energy giant ENI is set to make its offshore debut in the Arabian Gulf region with the drilling of a maiden well next February in Block 52, a sprawling deepwater concession that extends off...

Musandam Power Company (MPC) SAOG (under transformation), the subsidiary company from Oman Oil and Orpic Group, has announced the successful close of Phase I of its IPO for listing on the Muscat...

Asyad Group — the integrated transport and logistics flagship of the Omani government — has invited private developers to invest and develop new complexes of its wholly-owned subsidiary, Oman...

MUSCAT, NOV 11 - The introduction of a Unified Health Insurance Policy (UHIP) scheme – the first phase of which is anticipated sometime early next year – will drive the growth of insurance...

MUSCAT, NOV 10 - Boding well for the growth of an integrated textile cluster in Oman — the first of its kind in the entire Gulf region — SV Pittie Sohar Textiles has pledged a further investment...

MUSCAT, NOV 10 - Household indebtedness in comparison with non-oil GDP has risen in years in the Sultanate, fuelled by an uptrend in personal loans extended by commercial banks, according to the...

MUSCAT, NOV 9 - The Central Bank of Oman (CBO) has reported an alarming 9.9 per cent increase in the number of dishonoured cheques recorded across the Omani banking and financial system in 2018....

The Sultanate’s continuing reliance on imports for the bulk of the country’s requirement of medicines, pharmaceuticals and surgical consumables opens up promising opportunities for private sector...

Oman’s Ministry of Health (MoH) sees its current dominant role as the nation’s principal health care services provider curtailed to that of sector regulator in the future, with dedicated private...

Swedish energy firm Tethys Oil plans to drill its first exploration well in the first half of 2020, targeting its wholly-owned and operated onshore Block 49 in the southwest of Oman. The Stockholm...

As many as five initiatives are currently under way in support of solar photovoltaic based power generation at Sohar Port and Freezone — part of a push to reduce the hub’s dependence on natural...

MUSCAT, NOV 3 - The European Union (EU) sees promising potential for amped up trade and economic ties with the Gulf Cooperation Council (GCC) and with the Sultanate of Oman in particular, according to...

MUSCAT, NOV 2 - Plans for the establishment of a fully autonomous, integrated Medical City in the Sultanate envision the institution of a Health Fund to support and sustain the operation of the...

MUSCAT, NOV 2 - Oman’s first cotton yarn manufacturing plant, currently in operation at Sohar Freezone, plans to shortly invite small and medium enterprises (SMEs) to capitalise on investment...

The newly established Investment Services Centre (ISC), set up with mandate to enhance the business environment in the Sultanate, plans to integrate as many as 75 government agencies and private...

Tanfeedh, a cornerstone of the government’s strategy to accelerate the diversification of the Omani economy, aims to also promote a culture of speedy policymaking and decision-taking across the...

Seeking to lead by example, the Ministry of Oil and Gas has slashed its monthly electricity bills by around a quarter following the adoption of simple energy conservation measures. Salim bin Nasser al...

Oman’s political and social stability, among other attributes, make it a preferred destination for international investors seeking to develop hotels and tourism resorts that leverage the country’s...

Oman Aviation Academy, currently under construction at Suhar Airport, is being positioned as an unrivalled provider of world-class pilot training for the civil and military aviation sectors in the...