MUSCAT: His Majesty Sultan Qaboos on Monday issued 10 Royal Decrees. Royal Decree No 63/2019 on the establishment of Ministry of Technology and Communications. https://www.omanobserver.om/decrees-appoint-new-ministers/

Wholly government-owned Minerals Development Oman (MDO), which is rapidly emerging as one of the foremost players in the Sultanate’s mining and mineral processing sectors, has announced plans to develop a huge solar salt project at Mahout in Al Wusta Governorate. https://www.omanobserver.om/omans-mining-flagship-plans-mega-solar-salt-project/

Duqm is a nascent haven with a huge economic potential. It is currently bent on fulfilling this promise with a sprawling diverse blend of heavy and light industries; added to a petrochemical complex that is scheduled to come into being in 2021. https://www.omanobserver.om/duqm-a-fledgling-haven-in-the-desert/

Muscat: Foreign Direct Investment (FDI) in the Sultanate for the year 2018 stood at RO 10.56 billion, recording a growth of RO 1.36 billion from the same period of the previous year, according to the data issued by the National Centre for Statistics and Information (NCSI). https://www.omanobserver.om/fdi-hits-ro-10-56-billion-in-2018/

IRON HUB: Factory will produce 150,000 tonnes of steel products to be used to manufacture refrigerators, generators, panels and roofs SALALAH: The Salalah Free Zone (SFZ) has signed a usufruct agreement with steel industries plant, worth $500 million in gulf investment, with a 150,000 tonnes product https://www.omanobserver.om/500m-steel-plant-to-come-up-in-salalah/

The contribution of Oman’s aviation industry, as an enabler of the nation’s pivotal tourism and logistics sectors, is projected to surge in value terms to RO 1.4 billion by the year 2040, up from RO 170 million in 2016, according to the head of Oman Airports. https://www.omanobserver.om/aviation-sectors-contribution-to-omani-economy-projected-at-ro-1-4-bn-by-2040/

MUSCAT, SEPT 14 – Oman Gas Company (OGC), a subsidiary of Oman Oil and Orpic Group, says it is adding new capacity to the nation’s critical gas transportation infrastructure to support demand growth at industrial hubs in Suhar, Duqm and Salalah. https://www.omanobserver.om/oman-gas-to-expand-capacity-to-suhar-duqm-and-salalah/

Bejing: The Oman-China Press Forum, organized by the Omani Journalism Association in co-operation with the Omani Embassy in China, kicked-off on Wednesday in Bejing under the auspices of Shaikh Dr Abdullah bin Saleh al Saadi, Sultanate’s Ambassador to China. https://www.omanobserver.om/oman-china-press-forum-starts-in-beijing/

MUSCAT, SEPT 8 – The State General Reserve Fund (SGRF), the largest sovereign wealth fund of the Sultanate of Oman, saw its domestic and international investment portfolio swell by 16 new investments in 2018, bolstering a strategy to ensure a sustained, healthy return on its diverse assets. https://www.omanobserver.om/oman-wealth-fund-adds-16-new-investments-to-portfolio-in-2018/

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 Ministry of Foreign Affairs (MOFA). https://timesofoman.com/article/1806261/Oman/Government/UN-chief-praises-His-Majestys-regional-peacekeeping-efforts

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 a report by NBK’s Research Department. GCC bond yields tracked their global counterparts lower and indeed saw steeper declines partly on increased demand due to…

Rex International Holding Limited, the majority shareholder in Masirah Oil Limited (MOL) — which has a 100 per cent interest in the offshore Block 50 enveloping Masirah Island — says it is on track to bringing its landmark ‘GA South Discovery’ — the first of its kind off Oman’s eastern…