Oman investing $30 billion in hydrogen economy
The Sultanate of Oman is investing more than $30 billion in the hydrogen economy, with the prime aim to be one of the largest producers in the world by 2030. Oman is also at the forefront of countries in using clean energy to produce electricity as it has solar and wind power plants. Eng […]
Oman, Egypt review situation in Gaza
Sayyid Badr bin Hamad al Busaidy, Foreign Minister received a phone call from Samih Shukri, Foreign Minister of the Arab Republic of Egypt, on Sunday. During the phone call, the two sides discussed the ongoing escalation in Gaza and the rest of the Palestinian territories as well as the efforts being made to contain […]
National Aviation Strategy to be ready in Q1, 2024
The Civil Aviation Authority (CAA) has started preparing the National Aviation Strategy 2040, which aims to integrate all sectors, especially the tourism and logistics sectors, and is expected to be completed in the first half of 2024. Eng Naif bin Ali al Abri, Chairman of the Civil Aviation Authority (CAA), said that this strategy […]
Oman is committed to becoming a key player in SAF production
With Sustainable Aviation Fuels (SAF) expected to make a contribution of over 60 per cent to achieving net-zero by 2050 and with the supply for the same lagging, the Civil Aviation Authority (CAA) affirmed its commitment to the State Action Plan (SAP) at a forum held in Muscat. The aim of the Forum is […]
Framework for GCC-EU free trade pact discussed: GCC Secretary General
A framework for a Free Trade Agreement (FTA) between the European Union (EU) and the Gulf Cooperation Council (GCC) has been discussed, according to GCC Secretary General Jassim al Budawi. Speaking to the press following the GCC-EU Ministerial Council meeting held in Muscat recently, Al Budawi explained that the previous free trade agreement negotiations […]
Oman commercial banks post 44% profit surge in first 9 months of 2023
Oman’s commercial banks have posted a remarkable surge in profits for the first three quarters of 2023, driven by rising interest rates, accelerated economic growth, and enhanced operational efficiency. The cumulative profit of RO 177.3 million for Oman’s commercial banks in the first nine months of 2023 represents a significant 44.2% increase from the […]
Bank Muscat 9M net profit climbs to RO 158.88 mn
Bank Muscat posted a net profit of RO 158.88 million for the nine months ended September 30, 2023, compared to RO 148.29 million reported during the same period in 2022, an increase of 7.1 per cent. Announcing its preliminary unaudited results for first nine months of the year, the lender reported that Net Interest […]
GCET Boost the Developmental Journey in Oman with 350 Graduates
Under the patronage of HE Sayyid Salim Musallam Al Busaidi Undersecretary of the Ministry of Labour for Human Resources Development, the Global College of Engineering and Technology (GCET) celebrated the graduation of the 6th batch of its students on last Wednesday, 11th October 2023 at Oman Convention and Exhibition Centre, Muscat. The prestigious event was […]
Oman International Hospital hosts major symposium on bariatric surgery
Oman International Hospital has announced that the first international symposium on revisional metabolic and bariatric surgery is underway at the hospital. The groundbreaking 3-day event brings together leading experts in the fields of metabolic and bariatric surgery. A distinguished panel of surgeons from Spain, Prof. Torres, Dr. Sanchez Pernaute, and Dr. Muguerza, will address […]
Case against Raysut Cement referred to court
As part of the regulatory role of the Capital Market Authority (CMA) towards public joint stock companies and referring to the report filed previously by the CMA to the Public Prosecution regarding suspected financial and administrative violations committed in Raysut Cement Company SAOG, the Public Prosecution, after completion of investigation, decided to refer the public […]
