Gulf petrochem industry must embrace energy transition, circular economy: OQ
Petrochemical and chemical industries in the Gulf region have an obligation to embrace sustainability principles in order to comply with carbon neutrality goals championed by GCC governments, a key...
Flood of frozen poultry imports unsettles Omani poultry industry
MUSCAT: The Sultanate of Oman’s domestic poultry industry, which has expanded in recent years in concert with the government’s food security enhancement drive, says its bottom-line continues to be...
Oman Flour Mills to deepen ties with Australia over grain imports
MUSCAT: Oman Flour Mills Company (OFM), one of Oman’s biggest food producers, is weighing options to broaden its burgeoning partnership with Australian grain producers with a view to strengthening...
Move to set up Natural Catastrophe Insurance Pool for Oman
Efforts to establish the first Natural Catastrophe (Nat-Cat) Insurance Pool, aimed at providing coverage against the rising frequency of destructive adverse weather events and natural disasters...
New solar farm linked to water project prepares for test run
A first-of-its-kind solar farm that will power an existing seawater desalination plant in operation at Sur on Oman’s South Al Sharqiyah coast is set to enter the testing phase before it brought...
Oman Space Strategy targets investments in ground stations, receiving stations
As part of its long-term goal to position the country as a new regional gateway for space applications, the Sultanate of Oman is seeking international partnerships and investments in a number of...
Oman Cement achieves record production and sales in 2022
MUSCAT, MARCH 5Majority Omani government-owned Oman Cement Company recorded an impressive 44.73 per cent growth in cement sales of 3.456 million MT in 2022, up from 2.388 million MT a year earlier.The...
Oman’s health insurance segment grows 17.9% in 2022
MUSCAT, MARCH 4The health insurance sector – one of the fastest growing segments of Oman’s insurance industry – recorded a 17.9 per cent increase in gross written premiums to RO 191.5 million in...
Japan lauds Oman as a reliable energy partner
MUSCAT: Japan has welcomed expanding energy cooperation with the Sultanate of Oman spanning not only conventional hydrocarbons, chiefly liquefied natural gas (LNG), but also the emerging clean energy...
Oman be’ah to showcase landfill biogas-to-energy vision at OSW
MUSCAT: Oman Environmental Services Holding Company (be’ah) will showcase its strategy for the conversion of biogas from landfills into energy at an upcoming forum on sustainability due to take...
Oman plans major Agri-Industrial Food City in Najd
A first-of-its-kind agri-industrial city centred around large-scale crop cultivation and food processing is planned for development in the Najd area of Dhofar Governorate in the Sultanate of Oman.The...
Pact signed to unlock Oman’s wave energy potential
An initiative to harness the potential of wave energy in the Sultanate of Oman, as a clean and sustainable source of electricity, has been announced.Spearheading the initiative is the partnership of...
Hydrogen-powered green future awaits Oman
A critical milestone in Oman’s nascent green hydrogen journey was marked on February 26, 2023 when His Majesty Sultan Haitham bin Tarik issued Royal Decree 10/2023 effectively laying the bedrock of...
Salalah Port’s Container Terminal upgrade project to start in H1
Port of Salalah, the nation’s premier transshipment and logistics hub overseeing the Indian Ocean, says its investment in the upgrade of its Container Terminal is key to attracting a new generation...
Oman-UK bilateral trade jumps 31% to RO 550m
MUSCAT, FEB 26Bilateral trade between the Sultanate of Oman and the United Kingdom soared 31.5 per cent to £1.2 billion (RO 0.550 billion approx.) at current prices for the 12 months to the end of Q3...
Omani electric car maker to add SUV to portfolio
Promising industry: Mays Motors garners around 500 bookings for debut Mays iE1 modelMUSCAT, FEB 25Mays Motors, the Sultanate of Oman’s first high-end Electric Vehicle (EV) manufacturer, has...
Omani-Indian JV to set up battery recycling project
MUSCAT: A leading Indian-based global recycling company has announced the signing of a Memorandum of Understanding (MoU) to support the establishment of a battery recycling plant in the Sultanate of...
Oman’s geothermal strategy to make headway this year: SLB
MUSCAT: The potential to harness and develop Oman’s largely untapped geothermal resources is among a portfolio of billion-dollar business opportunities that global technology giant SLB (previously...
Japanese corporation to explore role in Oman green ammonia project
A Memorandum of Understanding (MoU) signed recently by Japanese heavy engineering manufacturer IHI Corporation with Indian green energy developer ACME Group could potentially see the former...
$230 bn required to unlock hydrogen export economy in Oman
MUSCAT: Oman’s National Strategy for an Orderly Transition to Net-Zero envisions the need for an additional $230 billion in investments to help unleash the country’s full potential as a global...