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 […]
OFM expands global reach to strengthen food security
Oman Flour Mills (OFM), one of the largest integrated food companies in the Sultanate of Oman, has launched a series of strategic projects, reinforcing its commitment to strengthening food security while expanding its global footprint. These initiatives form part of a comprehensive strategy aimed at securing strategic grain reserves, diversifying procurement sources, and enhancing food […]
Oman’s national shipping company to acquire six newbuild vessels by 2026-27
Newly-listed national shipping company Asyad Shipping recorded a net profit of RO 51.6 million for the year ended December 31, 2024, compared to net earnings of RO 39.5 million for the previous year. Announcing its maiden financial report since its successful initial public offering (IPO) and subsequent listing on the Muscat Stock Exchange (MSX) last […]
Oman’s medical glove industry gears up for regional expansion
Oman is set to strengthen its position as a regional hub for medical supplies with the upcoming launch of a state-of-the-art medical glove manufacturing facility in Sohar Freezone. The plant, expected to be commercially operational by Q2 2025, will be among the first operational entities within the Sohar Freezone medical cluster, aligning with Oman’s Vision […]
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 […]
