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UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

Oman Oracle

Oman government implements Oracle Cloud to underpin digital transformation

The implementation led by Oman Information and Communications Technology Group, helps the government run its entire IT estate on Oracle Cloud Infrastructure

Sohar International eyes merger with HSBC Bank Oman

Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021

Oman wealth fund

Oman wealth fund considers IPOs of state energy firm OQ’s units

The share sales are part of Oman Investment Authority’s plan to exit state assets in a bid to bolster the country’s coffers and expand its stock exchange

ACWA Power

ACWA Power, OQ, and Air Products sign agreement to build green hydrogen-based ammonia facility in Oman

The facility would be powered by renewable energy and produce green energy products

Omantel signs MoU with Microsoft to accelerate innovation

Microsoft will work with Omantel to develop capabilities required for their workforce, assist with streamlining operations and accelerating growth

Digital dentistry

Align Technology expands regional footprint into Oman

Orthodontists in Oman will now be able to receive Invisalign training in order to provide clear aligner therapy to their patients

Oman posts $927m quarterly surplus after oil prices rose

The Finance Ministry expects the economy to grow 5.6 per cent in 2022, in line with IMF predictions

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

Oman to split sovereign wealth fund into two portfolios

The country posted a budget surplus of $545m in the first two months of this year

carlos ghosn

France issues international arrest warrant for Carlos Ghosn

French investigators have travelled to Beirut to question Ghosn over his interactions with the Omani car distributor and his spending on various events

Getty Images

Oman posts $545m budget surplus on higher oil prices, tax

Oman has implemented a series of reforms to bridge the budget gap and lower its debt, including the introduction of a 5 per cent value-added tax last year

Data centre

Equinix to build data centre in Salalah, Oman

Work is underway to establish a new subsea cable interconnection hub linking Asia, Africa and Europe in partnership with Omantel

Oman to allow full foreign ownership in listed companies

Muscat Clearing and Depository finalised measures to open up the market

Saudi developer Dar Al Arkan enters Oman with SAR6bn project

Located 20 minutes from Downtown Muscat, the project is spread over a total area of 11 million sq m, and will comprise of 3,500 residential units and two hotels

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

Middle Eastern oil is flavour of the month as benchmarks diverge

Oil futures have soared to the highest level in seven years in the opening weeks of 2022

Oman vows to extend economic reforms as its finances stabilise

Oman’s cost-cutting steps along with a rally in oil prices helped the sultanate return to global debt markets

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year

Saudi Crown Prince arrives in Oman on official visit

On the sidelines of the visit, Saudi Arabia and Oman signed 13 memoranda of understanding across different sectors

Oman unveils 13 national projects exceeding OMR3bn

The projects cover several key sectors, such as energy, food security, manufacturing, mining, health and tourism services

Oman’s first S&P upgrade in over a decade may be on the cards

Oman’s fiscal deficit may narrow to 4.2 per cent of gross domestic product in 2021

Covid-19: Oman waives several fines to support the private sector

The Supreme Committee has also warned that authorities will shut down any establishments found in breach of the precautionary measures

BIOS Middle East expands its cloud footprint to Oman

The new cloud footprint in Muscat complements existing cloud footprints already available in Dubai, Abu Dhabi, Riyadh and Jeddah

Covid-19 in Philippines Manila airport

Philippines to lift travel ban on 10 countries including UAE and Oman

The travel ban will be lifted on September 6, although foreign tourists are still not permitted to enter the country

Mall of Oman, country’s largest shopping destination, opens in Muscat

Key features include a 15-screen Vox cinema complex and the country’s largest indoor snow park

Oman Muscat airport

Access to Oman airport premises restricted to vaccinated personnel; travellers remain unaffected

The directive will be effective starting Wednesday, September 1

Oman to open land borders from September 1

The sultanate also decided to lift the entry ban on arrivals from all countries starting September 1

Emirates Dubai Muscat

Emirates ramps up service on Dubai-Muscat route

It will introduce a fourth weekly service starting August 28

Oman entry

Oman: Travel ban lifted for all countries; vaccination mandatory to enter most establishments

Omani citizens, residents and visitors will be allowed to enter the sultanate from September 1