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Oman wealth fund adds 16 new investments to portfolio in 2018

MUSCAT, SEPT 8 – The State General Reserve Fund (SGRF), the largest sovereign wealth fund of the Sultanate of Oman, saw its domestic and international… Read more

UN chief praises His Majesty”s regional peacekeeping efforts

Muscat: The Secretary General of the United Nations, Antonio Guterres, praised the regional peacekeeping efforts of His Majesty Sultan Qaboos bin Said, according to Oman’s… Read more

GCC debt issuance at record high in Q2, 2019

Benchmark global bond yields continued to trend down in 2Q19 amid ongoing trade tensions, central bank dovishness and signs of slowing economic growth, according to… Read more

Oman Masirah Block on track for the first oil by year-end

Rex International Holding Limited, the majority shareholder in Masirah Oil Limited (MOL) — which has a 100 per cent interest in the offshore Block 50… Read more

Half a billion invested in fisheries projects

Work is continuing on 10 fishery projects in Oman that have seen investments of nearly half a billion rials, as the country moves to become… Read more

Dhofar Wind Farm produces first unit of electricity

The 50-megawatt (MW) Dhofar Wind Farm in Oman has produced its first kilowatt hour of electricity, marking a major milestone for the GCC region’s first… Read more

Oman to adopt battery storage for hybrid power projects

Having recently brought on stream Oman’s first wind-power farm, the Rural Areas Electricity Company (Tanweer) is forging ahead with the development of 11 small-scale Solar… Read more

Eid al Adha holidays from August 11-15

Eid al Adha holidays for employees in the ministries, public authorities and other departments of the state apparatus will be from August 11-15. Work will… Read more

China remains largest importer of Omani crude oil

Muscat: China continues to be the largest importer of Omani crude oil and condensates, government data has revealed. According to the 2018 annual report released… Read more

Oman’s hydrocarbon sector grows 37pc in 2018

The nominal Gross Domestic Product (GDP) of the Sultanate expanded at a robust pace of 12 per cent during 2018 as against 7.3 per cent… Read more