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.

Omani, Saudi firms sign agreements to invest in ICT sector

Muscat: Several agreements and memoranda of understanding (MoU) were signed here on Tuesday between Omani and Saudi companies to invest in the Information and Communications Technology (ICT) sector.

Phase II of Al Ansab-Al-Jifnain road project to start in 2023

Muscat – Phase two of the Al Ansab-Al-Jifnain dual carriageway project will be implemented by the first quarter of next year, according to Muscat Municipality.

Teesside and Durham Universities embark on £11million project to support hydrogen innovation in the Tees Valley

Researchers from both universities will harness their complementary strengths in the ambitious four-year project, Growing Teesside’s Hydrogen Economy and Catalysing a Just Transition to Net… Read more

IMF hails Oman’s economic progress

Muscat – The International Monetary Fund (IMF) has praised Oman’s efforts in dealing with the COVID-19 crisis and reviving the economy after the pandemic. IMF… Read more