KPC targets $10 billion investments annually in energy sector
MUSCAT, DEC 3Shaikh Nawaf S al Sabah, Deputy Chairman and CEO of Kuwait Petroleum Corporation (KPC), delivered an insightful keynote address at the GPCA Forum, outlining KPC’s strategies for...
OCCI and Riyadh Chamber discuss trade and economic cooperation
RIYADH: The Oman Chamber of Commerce and Industry (OCCI) and the Riyadh Chamber discussed ways to enhance trade and economic cooperation between the two friendly countries during a meeting held at the...
Ras Al Jinz Turtle Reserve attracts eco-tourists
SUR, DEC 2Ras Al Jinz Turtle Reserve on Oman’s east coast has emerged as a premier eco-tourism destination, attracting over 24,000 visitors as of October-end 2024. This figure underscores its global...
Kharazi Watches: A tale of Iranian success in Oman
MUSCAT, DEC 1Recent data from the National Centre for Statistics and Information (NCSI) reveals a significant surge in trade relations between Oman and Iran, showcasing the Sultanate of Oman’s...
Imperatives of balancing economic growth and diversification in Oman
The data released in the Monthly Statistical Bulletin of the National Centre for Statistics and Information (NCSI) for November 2024 highlights significant developments in Oman’s economic...
New investments spotlight Musandam’s importance
In an era of dynamic global trade and economic interconnectivity, Oman’s Musandam Governorate emerges as a hidden gem with strategic potential. Overlooking the Strait of Hormuz—a lifeline for...
Oman unveils National IP Strategy at key expo
Muscat: Oman’s Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) inaugurated the National Intellectual Property (IP) Exhibition on Monday, November 25, 2024, at the Oman Convention...
Expat numbers dip 1.2% to 1.811m
MUSCAT: The Sultanate of Oman witnessed a subtle decline in its expatriate workforce in October 2024. According to the latest figures released by the Royal Oman Police (ROP), the number of expatriates...
Oman-Hong Kong business forum kicks off in Muscat
MUSCAT: The Oman-Hong Kong Business and Investment Forum commenced at the Oman Chamber of Commerce and Industry (OCCI), underscoring a significant step forward in bolstering economic ties between the...
British Omani Society hosts 3-day NGG delegation
Muscat: The British Omani Society (BOS) successfully hosted a three-day New Generation Group (NGG) delegation in London, focusing on the transformative role of Artificial Intelligence (AI) in...
ICV pivotal to Oman’s economic diversification
MUSCAT, NOV 24Dr Hilal bin Hamoud al Sawai, a leading expert on sustainability and social responsibility, highlights the pivotal role of In-Country Value (ICV) in Oman’s economic future. In an...
OQBI IPO a major milestone for Oman’s capital market
MUSCAT, NOV 19The upcoming IPO of OQ Base Industries (OQBI) marks a significant milestone for Oman’s capital market, offering investors a stake in one of the nation’s most vital industrial...
Initiatives to fuel new phase of Oman’s growth
MUSCAT, NOV 18Oman is poised to enter a new phase of industrial development, driven by its ambitious Industrial Strategy 2040 and Local Content Plan (ICV). These initiatives, launched by the Ministry...
Oman sets new standards in food security
Oman has made substantial strides in the Global Food Security Index, advancing by 13.8 points since 2012, positioning itself as one of the fastest-improving nations in food security. In 2022, Oman...
Omani SMEs still face hurdles in accessing banking credit
MUSCAT, NOV 17The small and medium enterprise (SME) sector plays a critical role in Oman’s economic vision, fueling job creation, innovation, and sustainable growth. For an economy that aims to...
Oman sees significant growth in FDI and industrial exports
Muscat: The Sultanate of Oman has witnessed remarkable growth in foreign direct investment (FDI), which surged by 45.1% during the second quarter of 2024 compared to the same period last year.This...
NCO’s role in driving Oman’s global competitiveness
In recent years, Oman has achieved significant advances in global competitiveness rankings, marking impressive progress across economic, environmental, and technological fronts. These achievements are...
Oman public revenue climbs to RO 8.886 bn as oil earnings surge
MUSCAT: Oman’s fiscal performance report for October 2024 reveals significant developments in revenue generation, public expenditure, and debt management, underscoring the country’s strides in...
Discovering Oman: 30 years of exploration and transformation
For over three decades, a unique relationship has blossomed between a seasoned Austrian traveller and Oman, revealing the story of a country that captured his heart and never let go. Rainer Skrovny,...
Omani-backed OSARA Corporation inks pact with Saudi’s MODON
RIYADH: OSARA Corporation, through its subsidiary OSARA Real Estate Development - a leading Omani investment company that is part of Oman Investment Corporation SAOC - has signed an agreement with the...