Oman’s first Islamic Investment Fund launched
The first Islamic Investment Fund in the Sultanate of Oman, “Gheras Fund”, was launched here yesterday, November 20, 2023, under the auspices of Abdullah bin Salim al Salmi, Executive President of the Capital Market Authority (CMA). The fund, launched by Imam Jabir bin Zaid Waqf Foundation, will be the first of its kind to […]
Seminar calls for sustainable work patterns amid transition
In response to sweeping global economic shifts affecting labour relations, the General Federation of Oman Workers (GFOW) recently led a seminar on “Fair Transition and New Work Patterns. Held under the auspices of Faisal bin Abdullah al Rawas, Chairman of the Oman Chamber of Commerce and Industry (OCCI), the event delved into crucial topics […]
Omani economy to strengthen over medium-term: WB
Oman’s non-oil economy is projected to grow by over 2 per cent in 2023, bolstered by investments in renewable energy, as well as a rebound in the tourism and construction sectors, the World Bank said in its latest Gulf Economic Update. The uptick in non-oil growth is a bright spot amid an anticipated deceleration […]
Oxy Oman Awarded in Omani Youth Day Celebrations
During the recent Omani Youth Day celebrations organized by the Ministry of Culture, Sport and Youth, Oxy Oman was recognized for its continued contributions to youth programs in the Sultanate. The celebration was held at Al Mouj Muscat, under the auspices of His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports, […]
OUIC clinches coveted ‘Insurance Company of the Year’ Award
Oman United Insurance Company SAOG (OUIC) was honored with the prestigious ‘Insurance Company of The Year’ Award during the inaugural OER Corporate Excellence Awards 2023 held on 8th Nov 2023 at Sheraton Oman Hotel. These awards were given to selected companies listed, privately held, or government-owned, alongside industry leaders and innovative corporate initiatives that have […]
Oman participates in GCC-Egyptian Business Forum
The Sultanate of Oman took part in the Gulf Cooperation Council (GCC)-Egyptian Business Forum held in Egypt under the auspices of Egyptian President Abdel Fattah El-Sisi. The forum, organized by the Federation of Gulf countries chambers of commerce, Union of Egyptian Chambers of Commerce, and with support from the General Secretariat of the GCC […]
Construction set to begin on RO 37m bio-products project
Omani Bio-Products Company is preparing to launch work on its animal feed and aquatic seafood project at Khazaen Economic City with an investment of around RO 37 million planned in three phases. A tender for the construction of the plant, issued in June this year, has attracted bids from nine local companies. An award […]
New contracts to ensure higher earnings on Oman’s LNG exports
Oman’s LNG export market is poised for a notable transformation, as outlined by Eng Salim al Aufi, Minister of Energy and Minerals, in an interview with Oman TV last week. The imminent expiry of a 25-year LNG supply contract with South Korea has paved the way for a series of strategic changes that will redefine […]
