Vulcan Green Steel to pioneer sustainable steel production in Oman
In a strategic alliance with the Sultanate of Oman, Vulcan Green Steel (VGS), part of the Jindal Steel Group, is embarking on an ambitious journey to establish a groundbreaking low CO2 emission steel project within the Duqm Special Economic Zone. Using a combination of natural gas and renewable electricity, this venture promises to revolutionize sustainable […]
Energy Ministry and GUtech boost geoscience collaboration
Aiming to enhance scientific cooperation in the field of minerals, a Memorandum of Understanding was signed by His Excellency Eng Salim al Aufi, Minister of Energy and Minerals, and the German University of Technology in Oman (GUtech) in the field of Geology and Earth Science. The MOU aims to strengthen cooperation in the field of […]
OQGN net climbs to RO 44.8 million
OQ Gas Networks (OQGN), the owner and operator of the Sultanate of Oman’s natural gas transportation network, has announced a net profit of RO 44.8 million for the nine months ending on September 30, 2023. This compares with a net profit of RO 34.5 million for the corresponding period of 2022. It was OQGN’s […]
Exhibition showcases expanding support for Omani wheat cultivation
In a bid to fortify Oman’s food security and empower local farmers, the ‘Goodness in Our Farm’ exhibition began at Oman Avenues Mall on November 16, 2023 under the auspices of Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources. The exhibition, organised by Oman Flour Mills (OFM), highlighted the […]
Investments in OPAZ zones, industrial cities valued at RO 16.6 bn
Investments in Oman’s special economic zones and industrial cities had surpassed RO 16.6 billion as of June 30, 2023, according to the Public Authority for Special Econoic Zones and Free Zones (OPAZ). Of this total, existing industrial cities account for RO 7.3 billion in investments, Salalah Free Zone (RO 4.5 billion), Special Economic Zone […]
Oman’s biggest steelmaker outlines strategy for growth
Oman’s largest steel producer Jindal Shadeed Iron & Steel (JSIS) has ambitions to dramatically ramp up the capacity of its assets in Suhar in conjunction with a strategy to decarbonize its operations and switch to greener fuels, such as renewable electricity and hydrogen. Jindal Shadeed CEO Harssha Shetty said the company plans to invest […]
Royal Court Affairs, Ominvest boost stake in Bank Muscat
In a strategic move reaffirming their commitment to Oman’s banking sector, Royal Court Affairs (RCA) and Oman International Development and Investment Company SAOG (Ominvest) have successfully acquired the stake previously held by Dubai Financial Group (DFG) in Bank Muscat, Oman’s leading financial institution. This transaction marks a significant milestone, strengthening the positions of both […]
HM presides over 53rd National Day military parade
His Majesty Sultan Haitham bin Tarik, the Supreme Commander, presided over a military parade staged at the military parade ground of Adam Air Base in the Governorate of Al Dakhiliyah on Saturday on the occasion of the 53rd Glorious National Day. The event saw the participation of symbolic units representing the Royal Army of […]
