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 RO 1.4 billion by the year 2040, up from RO 170 million in 2016, according to the head of Oman Airports. https://www.omanobserver.om/aviation-sectors-contribution-to-omani-economy-projected-at-ro-1-4-bn-by-2040/
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 critical gas transportation infrastructure to support demand growth at industrial hubs in Suhar, Duqm and Salalah. https://www.omanobserver.om/oman-gas-to-expand-capacity-to-suhar-duqm-and-salalah/
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 the auspices of Shaikh Dr Abdullah bin Saleh al Saadi, Sultanate’s Ambassador to China. https://www.omanobserver.om/oman-china-press-forum-starts-in-beijing/
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 investment portfolio swell by 16 new investments in 2018, bolstering a strategy to ensure a sustained, healthy return on its diverse assets. https://www.omanobserver.om/oman-wealth-fund-adds-16-new-investments-to-portfolio-in-2018/
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 Ministry of Foreign Affairs (MOFA). https://timesofoman.com/article/1806261/Oman/Government/UN-chief-praises-His-Majestys-regional-peacekeeping-efforts
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 a report by NBK’s Research Department. GCC bond yields tracked their global counterparts lower and indeed saw steeper declines partly on increased demand due to…
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 enveloping Masirah Island — says it is on track to bringing its landmark ‘GA South Discovery’ — the first of its kind off Oman’s eastern…
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 more self-sufficient in terms of food security. The 10 projects have been listed in the annual report of the government’s Implementation, Support and Follow-up Unit…
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 utility-scale wind farm. https://www.omanobserver.om/dhofar-wind-farm-produces-first-unit-of-electricity/
Oman to adopt battery storage for hybrid power projects
Having recently brought on stream Oman’s first wind-power farm, the Rural Areas Electricity Company (Tanweer) is forging ahead with the development of 11 small-scale Solar PV/Diesel based hybrid power projects at various locations across the Sultanate. https://www.omanobserver.om/oman-to-adopt-battery-storage-for-hybrid-power-projects/