Muscat: The Ministry of Economy on Thursday hosted Dr Khalfan bin Said al Shueili, Minister of Housing and Urban Planning, to participate in a discussion panel titled “Economic Scopes of Sultan Haitham City and Urban Development Projects”. https://www.omanobserver.om/article/1152522/oman/sultan-haitham-city-to-boost-smes

MUSCAT: Several experts in the economic field have confirmed that the continuous improvement and remarkable development in Oman’s credit rating by various international agencies is a result of the efforts and the measures taken by the government to control public spending, reduce public debt, increa https://www.omanobserver.om/article/1152262/oman/governorates/government-measures-boost-omans-credit-ratings

MUSCAT: Oman’s Ministry of Transport, Communications and Informational Technology (MTCIT) has attracting investments worth RO 30 million in the field of artificial intelligence (AI) in 2023, as a result of the growing number of artificial intelligence startups in the country. https://www.omanobserver.om/article/1149812/business/economy/omani-artificial-intelligence-model-under-development

Muscat: The country’s first electric SUV to be manufactured at Duqm will be ready for customers by the end of this year. The company, Mays, said through its social media account that the SUV brand Alive 1 will hit the market by the end of this year with prices around…

Muscat: The Sultanate of Oman’s total electricity generation recorded an increase of 6.4 percent to reach 44,346.3 gigawatts per hour by the end of 2023 compared to 41,698 gigawatts per hour during the end of 2022. https://timesofoman.com/article/143324-omans-total-electricity-generation-rises-by-64

Muscat: The Sultanate of Oman is moving forward at a steady pace to reach the production or consumption target of not less than 30 percent of its electrical energy from renewable sources by 2030, said Engineer Salem bin Nasser Al Aufi, Minister of Energy and Minerals. https://timesofoman.com/article/143326-oman-to-produce-30-of-energy-from-renewable-source-by-2030

Muscat: Oman’s Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) was raised to ‘BB+’ from ‘BB’ by Capital Intelligence Ratings (CI Ratings) on Friday. https://timesofoman.com/article/143034-omans-sovereign-ratings-upgraded-outlook-revised-to-stable

An evaluation of solar and wind resources – a critical first step in the development of any green hydrogen project – is currently underway in Block Z1-02 allotted to Hydrogen Duqm LLC in the Wilayat of Duqm, according to a high-level official associated with the project. https://www.omanobserver.om/article/1150575/business/energy/resource-assessment-underway-at-hydrogen-duqm-project-site

The performance indicators show that the Omani economy has moved beyond the pandemic recovery phase, and has entered the growth phase. The economy has achieved remarkable growth rates, which were strengthened by policies and measures taken by the government. https://www.omanobserver.om/article/1150341/oman/economy-has-entered-growth-phase

Muscat: The Sultanate of Oman has been ranked 68th globally in the World Social Progress Index for 2024, according to a report, recently issued by the United States-based Social Progress Imperative organization. https://www.omanobserver.om/article/1149955/oman/community/oman-climbs-18-places-in-the-world-social-progress-index