$500m steel plant to come up in Salalah

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… Read more

Aviation sector’s contribution to Omani economy projected at RO 1.4 bn by 2040

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… Read more

Oman Gas to expand capacity to Suhar, Duqm and Salalah

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… Read more

Oman-China press forum starts in Beijing

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… Read more

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