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: 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