Asyad Group acquires key stake in Uzbek logistics platforms
Asyad Group, the global integrated logistics provider of the Sultanate of Oman, announced the closing of a strategic transaction to acquire a controlling stake in key logistics platforms in Uzbekistan, marking its direct entry into Central Asia’s fastest-growing logistics market. The transaction, executed in partnership with Orient Group and Uzbek-Oman Investment Company (UzOman), […]
RO 3.4 billion investments strengthen Oman’s logistics edge
The Oman Chamber of Commerce and Industry (OCCI), represented by its Transport and Logistics Committee, in cooperation with the Ministry of Transport, Communications and Information Technology, organized a workshop entitled “Enhancing competitiveness in the transport and logistics sector.” The workshop aimed to highlight the Sultanate of Oman’s efforts in developing the sector’s infrastructure, review available […]
Oman secures $1 billion battery materials project
Oman has secured a major investment in the fast-growing global battery supply chain with the launch of a $ 1 billion project to produce lithium-ion battery anode materials in Sohar Freezone. The project, led by China’s Zhongke Electric through its subsidiary Zhongke Shenzhen (Hong Kong), marks the establishment of one of the company’s largest overseas […]
Oman launches investment projects with guaranteed buyers
The Ministry of Commerce, Industry and Investment Promotion has unveiled a new package of investment opportunities backed by guaranteed purchase agreements, a move designed to reduce investor risk and improve the bankability of projects across key sectors. Under the initiative, local and international investors will have access to projects supported by pre-arranged commitments from buyers […]
Ports, roads and digital economy drive Oman’s next development push
Oman is stepping up investment in transport, ports and digital infrastructure as it moves into the next phase of its long-term economic diversification drive, with more than RO1.2 billion ($3.1 billion) in road projects and a target to raise the digital economy’s direct contribution to GDP to RO1.5 billion by 2030. The plans were outlined […]
Talks focus on regional developments
His Majesty Sultan Haitham bin Tarik gave an audience at Al Barakah Palace on Tuesday to Shaikh Jarrah Jaber Al Ahmad al Sabah, Minister of Foreign Affairs of the State of Kuwait. During the audience, the Kuwaiti minister conveyed greetings and best wishes of Shaikh Mishal Al Ahmad Al Jaber al Sabah, Emir of Kuwait, […]
Heavy rainfall alert issued across Oman for Friday
The Civil Aviation Authority (CAA) has issued a weather alert warning of heavy rainfall and thunderstorms expected to affect large parts of the Sultanate of Oman starting early Friday morning and continuing until late evening. According to the National Multi-Hazard Early Warning Centre, the weather system is forecast to begin after midnight and persist throughout […]
Citizen dies as vehicle swept away by flash floods in Manah
The CDAA’s search teams have recovered the body of a citizen who was reported missing after his vehicle was swept away by flash floods in the Wilayat of Manah, as a deep low-pressure system continues to batter parts of the Sultanate. The incident comes amid a broader wave of severe weather that has claimed lives […]
Oman crude price drops by over $20
The official price of Oman crude oil for May delivery dropped by $20.56 to $139.64 from Monday’s price of $160.20. The monthly average price of Omani crude oil for delivery this March reached US$62.17 per barrel, an increase of 8 cents compared to the price for delivery last February. Stocks rose Tuesday after Donald Trump delayed strikes on […]
Rains: MoL urges firms to switch to remote work on Tuesday
Due to the effects of the weather conditions and the flash floods in some governorates of the Sultanate of Oman, and in the interest of everyone’s safety, the Ministry of Labour urged civil service units and private sector establishments whose nature of work allows it and who have the necessary capabilities to switch to remote […]
