author - oman observer

Salalah Mills Co, a publicly traded Omani company listed on the Muscat Stock Exchange (MSX), has announced plans to venture into grain trading – a move that marks the Sultanate of Oman’s maiden...

Decarbonisation agenda: National alliance commits to nurturing development of hydrogen-centric ecosystemMUSCAT, JAN 8Oman’s National Hydrogen Alliance (Hy-Fly), a grouping of leading energy industry...

A roughly weeklong window of opportunities opens up at Britain’s Cornwall spaceport tomorrow, January 9, 2023 for the launch of Virgin Orbit’s air-launched rocket carrying a payload of satellites...

MUSCAT: Oman’s gross domestic product (GDP) at current prices is projected to hit a high of RO 44.9 billion at the end of 2022, representing a hefty 32.4 per cent leap over the corresponding figure...

Oman’s Budget 2023, ratified by His Majesty Sultan Haitham bin Tarik last week, is primarily focused on achieving financial efficiency and fostering economic growth, according to well-known...

The Treasury Single Account (TSA), an initiative to establish a unified structure for government bank accounts, is proposed to be expanded in scope during the current year, according to Oman’s...

The $55/barrel oil price adopted by the Omani government as the basis for the 2023 State Budget is “conservative and solid”, according to Eng Salim bin Nasser al Aufi, Minister of Energy and...

Oman’s Ministry of Finance has unveiled a sizable portfolio of projects and initiatives for implementation under the Public Private Partnership (PPP) programme during 2023.Proposals listed in the...

MUSCAT: Fuel subsidies for Fiscal 2023, as well as financial support to vulnerable segments of the Omani population, will be maintained roughly at the same levels as in 2022, figures released by the...

MUSCAT: A trio of Initial Public Offerings (IPO) linked to subsidiaries and affiliates of Oman Investment Authority (OIA) is expected to help energize the Muscat Stock Exchange (MSX) during 2023,...

The Oman’s Ministry of Finance has reported a 77 per cent surge in government allocations towards ‘Contributions and Other Expenses’ – a budgetary subhead that includes subsidies and financial...

Firm contracts signed this week by Oman LNG to supply liquefied natural gas (LNG) to three Japanese companies, represent a major boost for the majority Omani state-owned energy company’s ambition to...

The International Trade Administration – part of the US Department of Commerce – has issued notification of its “intent” to revoke an anti-dumping duty order issued against imports of...

MUSCAT, DEC 25Bilateral trade between the Sultanate of Oman and the United Kingdom (UK), which is by far the biggest source of Foreign Direct Investment (FDI) into Oman, rose 9.2 per cent to £1.1...

Promising prospects: State-owned energy conglomerate explores potential for harnessing tidal and offshore wind resourcesMUSCAT, DEC 24OQ, the global integrated energy group of the Sultanate of Oman,...

MUSCAT: Asyad Shipping – part of Asyad Group, the Sultanate of Oman’s global integrated logistics service provider – has signed an agreement with South Korean shipyard Hyundai Samho Heavy...

The Global Carbon Council (GCC), a voluntary carbon market programme, has urged businesses in the Sultanate of Oman to register their climate mitigation projects to secure funding support and green...

Petroleum Development Oman (PDO), the nation’s biggest Oil & Gas producer, is collaborating with OQ Group – the integrated energy group of the Sultanate of Oman, in exploring the feasibility of...

UK Export Finance (UKEF), the export credit agency (ECA) of the United Kingdom, has vowed to extend financing support to help the Sultanate of Oman achieve its ambitions to develop a domestic green...

GEO – one of several so-called ‘legacy initiatives’ – is backed by an international consortium comprising Intercontinental Energy (the world’s largest green energy developer), OQ Group of...