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’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 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...

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....

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...