TES eyes electric natural gas production in OmanTES eyes electric natural gas production in Oman
Global clean energy specialist Tree Energy Solutions (TES) is actively exploring investment opportunities in large-scale production of renewable natural gas — also known as electric natural gas (e-NG) — in Oman. The initiative aims to support the country’s energy transition while also creating an export platform for carbon-neutral fuels targeting international markets. TES CEO and […]
First coffee farm opens in Jabal ShamsFirst coffee farm opens in Jabal Shams
In a strategic move to develop high — altitude agriculture and expand Oman’s specialty crop portfolio, Coffee Farm Company, led by founder and CEO Said al Wardi, has launched a commercial coffee cultivation project in Jabal Shams. The initiative aims to plant 6,000 coffee seedlings by 2027, positioning Oman as a potential producer of high-quality […]
Oman oil price reaches $70.52 per barrelOman oil price reaches $70.52 per barrel
The official price of Oman oil for September delivery on Wednesday reached $70.52. The price of Oman oil decreased by 18 cents compared to Tuesday’s price of $70.70. The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel, a decrease of $4.25 compared to the price for June delivery. Meanwhile, […]
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, […]
