Business - oman observer

Saturday, January 04, 2025 | Rajab 3, 1446 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Blueprint of the Oman Business Gateway, one of several PPP-based projects planned for delivery in 2025
Oman targets PPP-based health and education projects in 2025

MUSCAT: The Ministry of Finance, which oversees the procurement of all projects conceived under the Oman government’s Public Private Partnership (PPP) programme, says it plans to press ahead with the delivery of a number of initiatives via the PPP route during 2025.The PPP model empowers the Ministry of Finance to enhance private sector participation in...
Blueprint of the Oman Business Gateway, one of several PPP-based projects planned for delivery in 2025

Oman targets PPP-based health and education projects in 2025
OIA and its subsidiaries have pledged to invest $4.7 billion across their expansion portfolios.

Oman earmarks $11.5 billion budget towards key sectors
The MSX 30 Index, the benchmark index for the exchange, closed at 4,563 points

MSX poised for growth amid economic diversification drive
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2025 Budget to fund 22 new government schools
CBO building

Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025: OIA
Public services are being made available to low-income segments at subsidized tariffs

2025 budget allocates RO 1.5 bn for subsidy support
A wide interest rate difference between the US and other economies has cast a shadow over the foreign exchange market, resulting in most currencies declining sharply against the dollar in 2024. — Reuters

Asia shares get off to rocky start in 2025
House prices increased by 4.7% annually in December, accelerating from 3.7% in November— dpa

UK house prices ended 2024 on a strong footing, building society says
A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory in Hangzhou, Zhejiang. — Reuters

China manufacturing sector growth softens in December
US oil demand surged to the highest levels since the pandemic in October at 21.01 million barrels per day (bpd), up about 700,000 bpd from September.— Reuters

Oil rises as investors return from holidays, eye China recovery
The Indonesian government pledged to mandate a 40% mix of palm oil-based fuel in biodiesel from Jan. 1, known as B40, up from the current 35% blend. — Reuters

Indonesia's palm oil B40 delay causes market uncertainties
Mövenpick Hotel

Mövenpick Hotel & Apartments Ghala Muscat celebrates its first anniversary
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Income Tax will be imposed only when conditions are suitable
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Focus on education for a brighter future
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Additional revenue in 2024 utilised for social spending, debt reduction
Trending Stories
Oman's Arshad al Alawi celebrates scoring their first goal with teammates during the semifinal against Saudi Arabia. — Reuters

Oman eye third title in Gulf Cup final against Bahrain

Rasheed Jaber

Jaber promises all efforts in title-clash

Oman v UAE

Ali al Abarak advises on full focus, harmony among three lines

Reilly Opelka

Djokovic's AO preparations take hit with loss to Opelka

Tennis — United Cup — Ken Rosewall Arena, Sydney, Australia — January 3, 2025 Czech Republic's Karolina Muchova in action during her quarter final match against Italy's Jasmine Paolini REUTERS/Jeremy Piper

Rampant Czechs set up semifinal against US

Cricket — Fifth Test — Australia v India — Sydney Cricket Ground, Sydney, Australia — January 3, 2025 Australia's Scott Boland celebrates taking the wicket of India's Virat Kohli DAN HIMBRECHTS/AAP Image via REUTERS

Australia in charge as Boland rips through Rohit-less India

TOPSHOT — South Africa's Ryan Rickelton watches the ball after playing a shot during the first day of the second international Test cricket match between South Africa and Pakistan at Newlands stadium in Cape Town on January 3, 2025. (Photo by Rodger Bosch / AFP)

Rickelton ton propels South Africa against Pakistan

Rohit Sharma

Sydney axing signals end of road for India captain Rohit

BUSINESS VIDEOS
Economy
Blueprint of the Oman Business Gateway, one of several PPP-based projects planned for delivery in 2025

Oman targets PPP-based health and education projects in 2025

MUSCAT: The Ministry of Finance, which oversees the procurement of all projects conceived under the Oman government’s Public Private Partnership (PPP) programme, says it plans to press ahead with the delivery of a number of initiatives via the PPP...

OIA and its subsidiaries have pledged to invest $4.7 billion across their expansion portfolios.
Oman earmarks $11.5 billion budget towards key sectors
No Image
2025 Budget to fund 22 new government schools
Public services are being made available to low-income segments at subsidized tariffs

2025 budget allocates RO 1.5 bn for subsidy support
A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory in Hangzhou, Zhejiang. — Reuters

China manufacturing sector growth softens in December
House prices increased by 4.7% annually in December, accelerating from 3.7% in November— dpa

UK house prices ended 2024 on a strong footing, building society says
Opinion
Rasha Al Raisi
Rasha Al Raisi A journey of change and nostalgia
ANNA KORKMAN
ANNA KORKMAN How Finnish youth learn to spot disinformation
Dr Ramnarayan Ramachandran
Dr Ramnarayan Ramachandran Saving feet, saving lives: Tackling Diabetic Foot Disease
Markets

The MSX 30 Index, the benchmark index for the exchange, closed at 4,563 points

MSX poised for growth amid economic diversification drive

Asia shares get off to rocky start in 2025

Sohar International successfully raises RO 130 million growth capital, largest rights issue in 2024

Stock markets, dollar retreat

World shares tick lower as high yields test lofty valuations

Banking

CBO building

Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025: OIA

Enhancing financial literacy among students: A step towards enabling new generations

Euro zone bond yields hold steady around six-week highs

Big banks, business groups sue US Fed over annual stress tests

IMF, Egypt reach deal unlocking $1.2 bn

Energy

US oil demand surged to the highest levels since the pandemic in October at 21.01 million barrels per day (bpd), up about 700,000 bpd from September.— Reuters

Oil rises as investors return from holidays, eye China recovery

Russian gas era in Europe over after Kyiv ends transit

Oil prices post 3% annual decline, slipping for second year in a row

Manah II solar IPP commences commercial operations

Aussie firm acquires Oman-focused Tethys Oil

Aviation
Investigators from South Korea's Aviation and Railway Accident Investigation Board (ARAIB), US National Transportation Safety Board (NTSB), and aircraft manufacturer Boeing

Boeing shares drop after South Korean crash

SEOUL, South Korea — Boeing’s shares fell on Monday, a day after the deadly crash of a 737-800, a widely used model that is a staple of low-cost airlines, at an airport in South Korea. The...
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Only 50% of accident probe reports are made public

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30% increase in wheelchair requests: Report

Willie Walsh, Director-General of the International Air Transport Association.

E-gates help airports to tackle space constraints: IATA chief

The Muscat Declaration builds on ICAO Assembly Resolutions A41-18 and A41-19, reaffirming global commitment to securing international air travel.

Muscat Declaration strengthens global aviation security

ENTREPRENEURS
Oman targets PPP-based health and education projects in 2025

MUSCAT: The Ministry of Finance, which oversees the procurement of all projects conceived under the Oman government’s Public Private Partnership (PPP) programme, says it plans to press ahead with the delivery of a...

Blueprint of the Oman Business Gateway, one of several PPP-based projects planned for delivery in 2025

Oman earmarks $11.5 billion budget towards key sectors

MSX poised for growth amid economic diversification drive

2025 Budget to fund 22 new government schools
Property
Mövenpick Hotel
Mövenpick Hotel & Apartments Ghala Muscat celebrates its first anniversary
A’Saffa Foods is a key player in Oman’s poultry sector.
A’Saffa Foods to boost poultry production
The newly signed projects represent a variety of industries, showcasing the industrial city’s appeal as a hub for diverse business ventures
Al Buraimi Industrial City inks RO 8m worth projects in H2 2024
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

Suzuki Motor Corp Chairman, Chief Executive Osamu Suzuki greets during his visit to Gujarat, India. - Reuters File

Osamu Suzuki, who led Japanese automaker into India, dies at 94

Why mergers of carmakers such as Honda and Nissan often falter

Honda, Nissan to list new company in 2026

Honda and Nissan in talks to deepen ties, merger possible

Honda and Nissan in preliminary merger talks

Volkswagen India unit faces $1.4 bn tax evasion notice

Mercedes-Benz plans substantial cost cuts

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