MSX unveils investment initiatives
The Muscat Stock Exchange (MSX) has affirmed its commitment to stimulating the market and enhance the investment environment to attract more local and international investments, thereby contributing to the overall growth of the Omani economy. Addressing the local media on Tuesday, February 11, 2025, Haitham al Salmi, CEO of the Muscat Stock Exchange, stated, “We […]
Unido highlights Oman’s key role in energy transition
The United Nations Industrial Development Organization (Unido) has underlined Oman’s significant role in the global energy transition. Speaking at the Omani Industry Day celebrations earlier this week, Gerd Müller, Director General of Unido, shed light on some of the key challenges affecting the world. “The world is facing emerging challenges that are fundamentally reshaping the […]
Oman oil price rises to reach $79.18 per barrel
The official price of Oman oil on Tuesday, February 11, for April delivery reached $79.18 per barrel. The price of Oman oil on Tuesday witnessed an increase of $1.17 compared to Monday’s price which amounted to $78.01. The monthly average price of Omani crude oil for February delivery reached $73.16 per barrel, up 70 cents […]
Oman-Qatar forum explores investment opportunities
The Omani-Qatari Economic Forum was held on January 29, 2025, at the St Regis Muscat, in the presence of Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, and Shaikh Faisal bin Thani al Thani, Minister of Commerce and Industry of the State of Qatar, along with a number of dignitaries and […]
Energy-generating walkways proposed in Oman
A team of young Omani innovators from Sultan Qaboos University has proposed the installation of energy-generating corridors in public spaces to harness and convert the kinetic energy of footsteps into renewable electricity. Energy-generating walkways – also known as Energy Harvesting Corridors or Kinetic Energy Paths – have gained traction in a number of developed countries […]
Oman and India commit to joint fund for sustainable infra
The 11th meeting of the Oman-India Joint Committee was held here yesterday, January 28, 2025, under the leadership of Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry, and Investment Promotion, and Piyush Goyal, India’s Minister of Commerce and Industry. The meeting was attended by senior officials from both sides. The committee discussed strengthening […]
Asyad Group plans to sell at least 20% of shipping unit via IPO
Asyad Group SAOC (“Asyad Group”), a prominent global integrated logistics provider, today announced its intention to offer at least 20% of the issued share capital in Asyad Shipping Company SAOG (under transformation) (“Asyad Shipping” or “ASC” or “the Company”), one of the world’s largest diversified maritime shipping companies, through an Initial Public Offering (“IPO” or […]
Madayn launches incentives in Al Mazunah Free Zone
The Public Establishment for Industrial Estates (Madayn) has announced a new package of incentives aimed at strengthening the investment climate in Al Mazunah Free Zone. The announcement, made during the Al Mazunah Economic Forum and Exhibition, is part of efforts to attract fresh investments and foster economic growth in Oman. Eng. Ahmed bin Khamis al […]
Vale Oman targets switch to renewable power by 2030
Brazilian mining giant Vale says its iron ore pelletising plant at Sohar Port will be powered by renewable electricity by 2030, in line with a commitment by the parent organization to decarbonisation its operations globally. According to Nasser al Azri, CEO – Vale in Oman, the switch to green energy for the production of iron […]
SOHAR unveils $1.7 billion investment plan
Building on a record-breaking year for 2024, SOHAR Port and Freezone (SOHAR) unveiled an ambitious five-year strategy to strengthen its position as a regional leader in logistics and industry. Speaking at the annual Business Reception, CEO Emile Hoogsteden highlighted plans focused on investment, sustainability, and innovation, aligning with Oman Vision 2040. Hoogsteden emphasised SOHAR’s commitment […]
