Total credit balance granted by Omani banking sector reaches RO 30.9 billion
Data issued by the Central Bank of Oman indicate that the total credit balance granted by the Omani banking sector increased by 5.8% at the end of November 2023, reaching RO 30.9 billion. As for credit granted to the private sector, it recorded a growth of 4.8%, reaching RO 25.5 billion at the end […]
Award announced for 400kV Oman Direct Link power project
Prominent international energy consultancy firm Energoprojekt Entel has announced that it has been selected by the Gulf Cooperation Council Interconnection Authority (GCCIA) to provide consultancy services linked to the execution of the Oman Direct Link project – a new interconnection initiative that will link the main grid of the Sultanate of Oman with that of […]
Oman, Saudi discuss ways to enhance economic relations
Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, visited the Kingdom of Saudi Arabia with the aim of enhancing bilateral cooperation and economic relations between the two sisterly countries. During his visit, he met Eng Khaled bin Abdulaziz al Falih, Saudi Minister of Investment, Bandar bin Ibrahim bin Abdullah al […]
Production gathering station in Greater Saqr Area contributes 30k boepd
As part of Petroleum Development Oman’s (PDO) efforts to enhance the oil production for the Sultanate of Oman through sustainable methods, the company awarded the Production Gathering Station in the Greater Saqr Area in the Wilayat of Shalim and the Hallaniyat Islands to Enerflex in August 2021. PDO will celebrate the opening of the […]
His Majesty arrives in Musandam
His Majesty Sultan Haitham bin Tarik on Sunday arrived in the Musandam Governorate on a Royal Meet-the-People Tour to inspect various social and economic developments and meet with sheiks, elders, several members of the Council of Oman, members of the Municipal Council, and businessmen. Upon the arrival of the Royal Yacht carrying His Majesty […]
