Abraj Energy was created in 2006 and owns about 20 land rigs
Oman and Bahrain are the only countries in the GCC not classified as emerging markets by MSCI
Sheikh Mohamed bin Zayed Al Nahyan was welcomed by Sultan Haitham bin Tariq, upon his arrival in Muscat
Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years
The ministry is working with concerned departments to develop specifications, ensuring a proper transition to alternatives
After the completion of the sale, the share of renewables in Sembcorp’s total energy capacity will rise to 51 per cent from 43 per cent
Fitch raised Oman’s long-term foreign-currency rating by one notch to BB
Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year
The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries
The implementation led by Oman Information and Communications Technology Group, helps the government run its entire IT estate on Oracle Cloud Infrastructure
Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021
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
The facility would be powered by renewable energy and produce green energy products
Microsoft will work with Omantel to develop capabilities required for their workforce, assist with streamlining operations and accelerating growth
Orthodontists in Oman will now be able to receive Invisalign training in order to provide clear aligner therapy to their patients
The Finance Ministry expects the economy to grow 5.6 per cent in 2022, in line with IMF predictions
The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total
The country posted a budget surplus of $545m in the first two months of this year
French investigators have travelled to Beirut to question Ghosn over his interactions with the Omani car distributor and his spending on various events
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
Work is underway to establish a new subsea cable interconnection hub linking Asia, Africa and Europe in partnership with Omantel
Muscat Clearing and Depository finalised measures to open up the market
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
The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades
Oil futures have soared to the highest level in seven years in the opening weeks of 2022
Oman’s cost-cutting steps along with a rally in oil prices helped the sultanate return to global debt markets
Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year
On the sidelines of the visit, Saudi Arabia and Oman signed 13 memoranda of understanding across different sectors
The projects cover several key sectors, such as energy, food security, manufacturing, mining, health and tourism services
Oman’s fiscal deficit may narrow to 4.2 per cent of gross domestic product in 2021