Business - oman observer

Monday, December 02, 2024 | Jumada al-ula 29, 1446 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Ahmed bin Salim al Abri, CEO – Nama PWP
Oman targets 2,400 MW of gas-based power capacity

MUSCAT: Marking the end of a brief hiatus in the procurement of new gas-based power generation – in line with the country’s transition to renewable electricity – Oman’s power sector authorities are gearing up to announce a landmark procurement for one or more gas-based power projects based on advanced thermal Combined Cycle Gas Turbine (CCGT) technology.Nama...
Eng Said bin Hamoud al Maawali, Minister of Transport, Communications, and Information Technology

Duqm-1 marks Oman’s space debut
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New pumping station project to bolster Muscat City’s water supply
Kasra Kharazi, CEO and founder of Kharazi Watches

Kharazi Watches: A tale of Iranian success in Oman
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OIA expands partnerships to nine countries
The plant will supply industrial water and a drainage system for a major steel manufacturing company operating in the SEZAD.

Tender launched for 45 ml/d desalination plant in Duqm
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Oman set to launch first experimental rocket Duqm-1
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These banknotes cannot be used after December 31
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GCC Common Market: A success story of 17 years
Ahmed bin Salim al Abri, CEO – Nama PWP

Oman targets 2,400 MW of gas-based power capacity
By the end of Q3 2024, the city recorded 27 new projects.

Sohar Industrial City achieves RO 75 million in new investments
The number of guests also grew by 5%, totalling 1.72 million, with occupancy rates increasing by 1.3%.

Hotel revenues in Oman cross RO 186 million
The event will focus on sustainability, energy futures and global goals.

Oman hosts 18th GPCA Forum
The loans aim to support citizens with subsidized financing and reduce waiting list delays.

Record housing loans approved in 2024
It aims to facilitate knowledge exchange, explore innovative solutions, and address key issues affecting the sector.

Food security symposium to highlight challenges, opportunities
Dr Saleh bin Saeed Masan, Under-Secretary for Commerce and Industry at the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP).

Oman soars in global quality rankings
Trending Stories
His Majesty Sultan Haitham bin Tarik

HM visits Belgium today

The 45th GCC Summit was held on Sunday at Bayan Palace in the State of Kuwait. PHOTO BY MOHAMED AL RASHDI

GCC calls for immediate ceasefire in Gaza Strip

UAE’s embassy in Muscat marks 53RD ND

Royal Army of Oman celebrates graduation of officers

Royal Army of Oman celebrates graduation of officers

ROSO performs at UAE National Day celebration

ROSO performs at UAE National Day celebration

The programme is delivered in partnership with the Cabinet Office Emergency Planning College of the UK.

RAM launches executive programme on resilience, risk management

A commercial establishment in Al Sharqiyah North was seized for tampering with fish weights and deceiving consumers.

Fish vendor caught for weight tampering in Al Sharqiyah N

Belgium — a hidden gem in the heart of Europe

Belgium — a hidden gem in the heart of Europe

BUSINESS VIDEOS
Economy
Eng Said bin Hamoud al Maawali, Minister of Transport, Communications, and Information Technology

Duqm-1 marks Oman’s space debut

MUSCAT, DEC 1The first rocket to be launched from the Sultanate of Oman and the MENA region will take off on Wednesday, December 4, 2024, from the Etlaq Spaceport in Duqm, according to a statement from the Ministry of Transport, Communications, and...

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New pumping station project to bolster Muscat City’s water supply
Kasra Kharazi, CEO and founder of Kharazi Watches
Kharazi Watches: A tale of Iranian success in Oman
2851175

OIA expands partnerships to nine countries
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GCC Common Market: A success story of 17 years
Eng. Salim al Aufi signing the concession agreement on Thursday.

Pact inked for new mining block in Oman
Opinion
Wafa Al Sulti
Wafa Al Sulti Education reform and global competitiveness...
Abdulaziz Al Jahdhami
Abdulaziz Al Jahdhami Life, a school of challenges and opportunities
Sandhya Rao Mehta
Sandhya Rao Mehta Community driven art engages and unites society
Markets

FFO was established in collaboration with the Omani Ministry of Finance with a capital of $5.2 billion

Future Fund Oman launches $2 bn worth investment projects

Gold and oil prices fall over strong dollar

Gold set for biggest weekly fall in 3 years

Asia shares fall while long-end US bond yields rise

Bitcoin continues to surge, crosses $89,000

Banking

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These banknotes cannot be used after December 31

Islamic finance industry projected to soar to $40 bn

CBO allocates RO 43 million WORTH OF treasury bills

Government treasury bills total RO 48 million

CBO cuts Repo Rate for local banks by 25 basis points

Energy

The plant will supply industrial water and a drainage system for a major steel manufacturing company operating in the SEZAD.

Tender launched for 45 ml/d desalination plant in Duqm

Oman targets 2,400 MW of gas-based power capacity

French firm wins key power sector contract in Oman

Tethys Oil eyes commercial success in Oman Block 58

Oil falls as US gasoline rises ahead of OPEC+ meet

Aviation
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Oman set to launch first experimental rocket Duqm-1

Muscat - The Sultanate of Oman will launch its first experimental scientific rocket, called (Duqm-1) on Wednesday, under the supervision of the Ministry of Transport, Communications, and Information...
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Oman's experimental rocket launch from Duqm this week

Muscat International Airport

CAA charts ambitious plans for the aviation sector in Oman

Planes on the tarmac at San Francisco International Airport in San Francisco, July 19, 2024. (Jim Wilson/The New York Times)

Airlines are padding flight times

Spirit Airlines

Spirit Airlines files for bankruptcy; lost $2.2 billion in 5 Years

ENTREPRENEURS
Duqm-1 marks Oman’s space debut

MUSCAT, DEC 1The first rocket to be launched from the Sultanate of Oman and the MENA region will take off on Wednesday, December 4, 2024, from the Etlaq Spaceport in Duqm, according to a statement from the Ministry of...

Eng Said bin Hamoud al Maawali, Minister of Transport, Communications, and Information Technology

New pumping station project to bolster Muscat City’s water supply

Kharazi Watches: A tale of Iranian success in Oman

OIA expands partnerships to nine countries
Property
A general view of the Adani Group owned Mundra Port in Mundra
Kenya drops over $2.5bn of Adani deals after US indictment
Angola's Isabel dos Santos, the billionaire businesswoman and daughter of the country's former president
UK sanctions Angola's Isabel dos Santos in graft crackdown
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Green Build Oman Conference begins tomorrow
Tourism

Rendering of A’Thuraya City. Picture courtesy: Ministry of Housing and Urban Planning.

Oman launches work on new A’Thuraya City project

Tourism to increase energy consumption by 154%, waste by 251%

Al Dhahirah Governor highlights key developments ahead of National Day

Malaysia: Affordable excellence in medical tourism

Middle East sees arrivals 26% above pre-pandemic levels: UN

Motel 6 Is Sold to Oyo, an Indian hotel company

Oman to host 2nd Arab forum on tourism statistics

Cars

A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany. - Reuters File

Volkswagen India unit faces $1.4 bn tax evasion notice

Mercedes-Benz plans substantial cost cuts

Trump’s tariffs to hit Mexico’s car factories

EU climate chief holds firm on CO2 deadlines for cars

Musk unveils robotaxi, pledges it 'before 2027'

EU presses ahead with Chinese EV tariffs after split vote

Thinking about going green? discover the best vehicle for your needs gasoline, electric or hybrid

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