Dr. Hussain Ali Mwinyi, President of Zanzibar, met with a number of Omani and Zanzibari businessmen, on the sidelines of the Omani-Zanzibari Business Forum. This took place as part of his official visit to the Sultanate of Oman.
General budget records over OMR1 billion surplus
Muscat: The state’s general budget has recorded a surplus of more than OMR1 billion by the end of August 2022, according to a financial performance bulletin published by the Ministry of Finance. The bulletin indicates a 47.
Omani, Saudi firms sign agreements to invest in ICT sector
Muscat: Several agreements and memoranda of understanding (MoU) were signed here on Tuesday between Omani and Saudi companies to invest in the Information and Communications Technology (ICT) sector.
Phase II of Al Ansab-Al-Jifnain road project to start in 2023
Muscat – Phase two of the Al Ansab-Al-Jifnain dual carriageway project will be implemented by the first quarter of next year, according to Muscat Municipality.
Teesside and Durham Universities embark on £11million project to support hydrogen innovation in the Tees Valley
Researchers from both universities will harness their complementary strengths in the ambitious four-year project, Growing Teesside’s Hydrogen Economy and Catalysing a Just Transition to Net Zero (‘Collaborations in Research’). The Tees Valley is responsible for almost 50% of the UK’s production of hydrogen, and innovation in this sector is predicted…
IMF hails Oman’s economic progress
Muscat – The International Monetary Fund (IMF) has praised Oman’s efforts in dealing with the COVID-19 crisis and reviving the economy after the pandemic. IMF said that higher oil prices, fiscal consolidation measures and progress on structural reforms are supporting a post-pandemic economic recovery in the sultanate. An IMF mission,…
Oman, Jordan agree to boost investments
Oman earmarks 50 sq km of land for green energy projects
Oman-UAE rail expected to carry 12,000 passengers a day
Oman Rail and Etihad Rail to establish $3bn cross-border rail network
Oman Rail and Etihad Rail have reached an agreement to build a railway network to connect Oman and the United Arab Emirates (UAE). The duo will jointly set up the Oman-Etihad Rail Company, a new entity equally owned by the two firms, to operate this network. With an investment of…