Oman, UAE sign deal to launch Al-Rawdah SEZ
The Public Authority for Special Economic Zones and Free Zones (OPAZ) has entered into a landmark agreement with Mahdah Development Company—an Omani-Emirati partnership represented by DP World—to develop and operate the first phase of the Al-Rawdah Special Economic Zone in Al Buraimi Governorate. The signing ceremony was held in the presence of His Highness Sayyid Theyazin […]
Green energy for Oman’s smart city projects
Oman’s national grid will be suitably expanded and modernized to help meet a dramatic leap in the green energy requirements of a slate of Smart Cities and sustainable urban development schemes currently in various stages of early implementation in various parts of the Sultanate. According to Oman Electricity Transmission Company (OETC), the majority-state-owned operator of […]
Launch of 9th issuance of Local Sovereign Sukuk announced
The Oman Sovereign Sukuk Company SAOC, acting on behalf of the Government of the Sultanate of Oman through the Ministry of Finance, has announced the launch of the 9th issuance of Local Sovereign Sukuk. The offering is valued at RO 100 million, with a Greenshoe option to increase the issuance size. This Sukuk will have […]
Oman real estate market poised for growth amidst economic diversification
The Sultanate of Oman’s real estate market demonstrated resilience in the first half of 2025, despite global economic uncertainties, according to the latest market research report by Hamptons International. The report highlights steady performance across key submarkets, driven by infrastructure investments, Oman Vision 2040-aligned reforms and a growing emphasis on sustainability and economic diversification. These […]
OETC completes full repayment of $ 1 billion “Lamar” bonds
Oman Electricity Transmission Company (OETC), a member of the Nama Group, has announced the full repayment of its $ 1 billion “Lamar” bonds, which were issued in 2015 to finance strategic infrastructure projects in the electricity transmission sector across the Sultanate of Oman. This milestone marks a pivotal moment in the company’s financial journey, underscoring […]
Tariffs could lift Boeing and Airbus plane prices
Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs. “Compared with 2018, prices for commercial jets have risen by around 30 percent,” an aviation expert told AFP on condition of anonymity. The American and European aerospace […]
Oman charts 2025 investment strategy with bold policy reforms
Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) is advancing its 2025 investment strategy with bold reforms aimed at enhancing the country’s investment climate and global competitiveness. Speaking to the Observer, Investment Promotion Under-Secretary Ibtisam al Farooji outlined key 2024 achievements, including a targeted outreach to 200 companies resulting in several Letters of Intent, […]
Oman’s new foreign trade centre to bolster 2025 investment drive
Oman has taken a decisive step to strengthen its global trade footprint with the launch of the new Centre for Strategic Partnerships and Foreign Trade. Announced under the directives of His Majesty Sultan Haitham bin Tarik, the centre is a cornerstone of Oman’s 2025 investment strategy and a practical move to accelerate diversification under the […]
ACME Group receives $140m initial funding for Oman green ammonia project
India’s ACME Group has announced that it has received $140 million as the first installment of the funding allocated for its Oman green hydrogen and green ammonia project, which amounts to $540 million. The project is currently being implemented in the Special Economic Zone at Duqm (SEZAD), with a total investment of approximately $750 million. […]
Asyad Group strengthens stake in Asyad Shipping
In a decisive move to reinforce market confidence, wholly state-owned integrated logistics enterprise Asyad Group SAOC has acquired 21,591,628 shares of newly listed Asyad Shipping SAOG at an average price of RO 0.123 per share. The transaction, carried out through Ubhar Capital SAOC, Asyad’s designated market stabilizer and liquidity provider, underscores the company’s commitment to […]
