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...

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...

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...

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,...

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...