The Central Bank of Oman (CBO) is stepping up its efforts to integrate sustainability into the country’s financial landscape, with a particular focus on Islamic finance. Speaking at the IFN Oman Forum 2024, Tahir bin Salim al Amri, Executive President of the CBO, outlined several key initiatives aimed at aligning Islamic banking with sustainable development...

Having generated over RO 1 billion over the 2022-2023 timeframe through divestments in its subsidiaries and affiliated companies, Oman Investment Authority (OIA) has pledged to press ahead with its divestment strategy over the next five years. In a post, the integrated sovereign wealth fund said the divestment plan over the 2024 – 2028 timeframe envisions...

Aquaculture projects in the Sultanate of Oman, owned and operated predominantly by subsidiaries of the Fisheries Development Oman (FDO) – part of Oman Investment Authority (OIA) – generated over 5,000 tonnes of farmed fisheries and seafood products during 2023, according to a key FDO executive. Sultana al Jardani, Business Intelligence Lead at FDO, said in...

The Special Economic Zone at Duqm (SEZAD) received on Monday, September 9, 2024, a delegation from the Asian Infrastructure Investment Bank (AIIB). The delegation met with Dr Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), and Eng Ahmed bin Ali Akaak, CEO of SEZAD, along...

The Ministry of Commerce, Industry, and Investment Promotion announced that the number of industrial license applications in Dhofar Governorate saw a significant increase during the first half of 2024, with 3,095 applications compared to 1,897 applications during the first half of 2023, marking a 63 per cent increase. Additionally, 5,348 certificates of origin were issued...