Muscat: Total new endowment assets in 2023 stood at more than OMR14 million, according to the Ministry of Endowments and Religious Affairs.

Muscat: The Ministry of Housing and Urban Planning today signed an agreement with the Strabag Oman company to implement preliminary tasks for the first phase of Sultan Haitham City.

The potential for large-scale and sustainable lithium mining in the Sultanate of Oman, in support of its clean energy transition, has been underscored in a new scientific paper published by researchers of Sultan Qaboos University (SQU).

Oman’s oil and gas sector has demonstrated its resilience and potential for growth in the period of January to November 2023.

Oman’s strategic pursuit to establish itself as a regional logistics hub achieved substantial progress in 2022, boasting a remarkable 15.4% year-on-year sector growth, as reported by the National Centre for Statistics and Information (NCSI).

Muscat – Sohar International – the fastest growing bank within Oman – has announced the departure of its esteemed chairman of the board of directors, Mohamed Mahfoudh al Ardhi.

Oman’s economy witnessed a significant boost until the third quarter of 2023 as foreign direct investment (FDI) showed remarkable growth, underscoring the country’s increasing attractiveness as an investment destination. Until the end of Q3 2023, Oman’s FDI amounted to RO 22.

Muscat: The Omani-Austrian Business Forum today discussed ways to enhance cooperation in various sectors, including tourism, industry, construction, infrastructure, information technology and medical education.

Muscat: Dr. Said Mohammed Al Saqri, Minister of Economy received today Faisal Fadhil Alibrahim, Minister of Economy and Planning of the Kingdom of Saudi Arabia and his accompanying delegation.

MUSCAT: A new report by the World Economic Forum (WEF) has listed the Sultanate of Oman among six ‘high-potential’ hydrogen countries in the Middle East and North Africa (MENA) region based on their low-carbon hydrogen readiness.

MUSCAT: The State Council discussed a report prepared by the Enhanced Economic and Financial Committee on the draft state budget for the fiscal year 2024. The report will be returned to the Council of Ministers alongside the recommendations of the State Council and Majlis Ash’shura.

The Oman Chamber of Commerce and Industry (OCCI) hosted the Oman-Austria Business Forum at the W Hotel, Muscat on Wednesday, December 20, 2023, with the participation of business leaders representing a wide cross section of economic sectors.