MUSCAT: Oman’s Ministry of Finance has reaffirmed its commitment to strengthening the nation’s fiscal performance during 2024 through the continued implementation of a series of strategic initiatives first unveiled during 2021-2022.

Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals, signed a concession agreement with CC Energy Development (CCED) for the exploration and production of oil and gas in Blocks 38 and 74 in Dhofar Governorate.

Muscat: SNF, world’s leading manufacturer of polyacrylamide, has announced $250 million expansion plan in self-financing and partnerships in the Sultanate of Oman. With more than 1.

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.