Category: General
AMAN REIF’s OMR10 million IPO to begin this week
Muscat: AMAN REIF (Under formation) announced the launch of its IPO on Tuesday, December 31, 2019, which will commence from Thursday, January 2, 2020. According… Read more
Oman set to introduce new foreign investment law
Muscat: Oman will implement its new Foreign Investment Law from today(Jaunary 2), according to a statement issued by the Ministry of Commerce and Industry (MoCI)…. Read more
Big push for spending in 2020
MUSCAT, JAN 1 – The state budget for 2020, approved by His Majesty Sultan Qaboos, aims at fiscal sustainability, lower public debt and higher economic… Read more
Oman Oil & Orpic Group to weigh stake sale
The feasibility of selling a modest stake in Oman Oil and Orpic Group – the Sultanate’s integrated energy and petrochemicals powerhouse – will be explored… Read more
Sultanate among least polluted nations in Asia
MUSCAT: The Sultanate has been ranked as one of the least polluted countries in Asia, with only Singapore and Japan doing better. According to numbeo.com,… Read more
Oman’s first inland port to be a customs bonded destination
MUSCAT, NOV 17 – The Sultanate’s maiden Dry Port — an anchor project of Khazaen Economic City in South Al Batinah Governorate — will be… Read more
National Day holidays announced in Oman
Muscat: Holidays on the occasion of 49th National Day in Oman has been announced for both the public and private sectors. Wednesday (November 27) and… Read more
Omanisation rate rises 8% in three sectors, says MoM
Omanisation rates have been increasing in three sectors in the sultanate – industrial, travel and tourism and logistics – the Ministry of Manpower (MoM) has… Read more
Duqm project to put Oman on global petrochemicals map
The multibillion dollar petrochemicals complex envisaged downstream of the Duqm Refinery in Duqm’s Special Economic Zone (SEZ) will position the Sultanate as a leading producer… Read more
Oman eases customs, regulatory restrictions to speed up trade flows
Public and private sector participants came together to share information and experiences on new instruments on trade facilitation that have been brought available recently to… Read more