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Mirbat facility to be Oman’s first crypto-mining data centre

Al Maawali was joined by Dr Ali bin Amer al Shidhani, Under-Secretary of the Ministry of Transport, Communications and Information Technology for Communication and Information Technology, Shaikh Suhail bin Mohammed al Khathiri, Deputy Wali of Mirbat, Talal al Aufi, CEO of OQ, and Eng Olivier Ohnneis

National Day: Oman announces opening of 10 projects

Muscat: As part of its efforts towards encouraging economic diversification, attracting investments, empowering the private sector, and creating job opportunities, the Oman Investment Authority (OIA) has announced the opening of national projects, which are part of its National Development Portfolio

OIA’s assets exceed $40 billion: OIA president

Muscat: Abdulsalam al Murshidi, President of Oman Investment Authority (OIA) said that the fundamentals of Oman Vision 2040 focuses on the promising sectors which will be additions to the oil and gas sectors.

The Oman Investment Authority announces its investment in the US company Ascend Elements

Muscat: The Oman Investment Authority announced today its investment in the American company Ascend Elements, which specializes in recycling lithium-ion batteries that are used in electric vehicles; This is an embodiment of efforts to enhance the portfolio of generations in order to achieve financia

Oman targets $140 billion investment in green hydrogen industry

The Sultanate of Oman, represented by the Ministry of Energy and Minerals, unveiled on Sunday its ambitious Green Hydrogen Strategy – an initiative that envisions an estimated $140 billion in investment in a new low-carbon energy industry.

Blocks in Duqm, Thamrait identified for green hydrogen projects

While the land has been identified in cooperation with the ministries of Defence, Housing and UUrban Planning, and Environment Authority, the Sultanate of Oman will be offering investors in hydrogen projects incentives such as minimum land fees, and waiving of land fees during developing stages.

OIA, Omantel backed REIF IPO opens for subscription

The Pearl Real Estate Investment Fund (The Pearl REIF), the biggest Shariah-complaint fund of the Sultanate of Oman, has announced the opening of its initial Public Offering (IPO). Subscription opened on Sunday, October 16, and runs until October 30, 2022.

President of Zanzibar meets Omani, Zanzibari businessmen

Dr. Hussain Ali Mwinyi, President of Zanzibar, met with a number of Omani and Zanzibari businessmen, on the sidelines of the Omani-Zanzibari Business Forum. This took place as part of his official visit to the Sultanate of Oman.

General budget records over OMR1 billion surplus

Muscat: The state’s general budget has recorded a surplus of more than OMR1 billion by the end of August 2022, according to a financial performance bulletin published by the Ministry of Finance. The bulletin indicates a 47.