#Oman

Oman oil driller Abraj Energy hires banks for $500m IPO

Oman oil driller Abraj Energy hires banks for $500m IPO

Abraj Energy was created in 2006 and owns about 20 land rigs

Oman

Oman seeks to deepen capital markets with eye on Gulf IPO boom

Oman and Bahrain are the only countries in the GCC not classified as emerging markets by MSCI

UAE President arrives in Oman on two-day state visit

Sheikh Mohamed bin Zayed Al Nahyan was welcomed by Sultan Haitham bin Tariq, upon his arrival in Muscat

Non-oil trade between UAE and Oman

Non-oil trade between UAE and Oman crosses Dhs362bn in 10 years

Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years

Oman to ban import of plastic bags

Oman to ban import of plastic bags from January 2023

The ministry is working with concerned departments to develop specifications, ensuring a proper transition to alternatives

Oman

Oman gets first upgrade from Fitch on oil-led fiscal turnaround

Fitch raised Oman’s long-term foreign-currency rating by one notch to BB

Oman posts $2bn surplus in first half on high oil, gas

Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year

GBM Oman

GBM Oman appoints Mahmoud El Kordy as general manager

El Kordy joins from IBM Middle East and Africa where he held several sales and leadership positions across systems and big data and analytics

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

Oil extends losses as traders weigh Iran supply, demand outlook

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

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

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

Zubair Corporation

Oman’s Zubair Corporation launches digital transformation project in partnership with SAP

The Zubair Corporation subsidiaries across industries will benefit from real time business insights amid company’s growth strategy

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

Oman to allow full foreign ownership in listed companies

Muscat Clearing and Depository finalised measures to open up the market

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

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

Gulf leaders stress need for joint security, approve establishment of GCC Railways Authority

The GCC Supreme Council also urged for the need to accelerate the establishment of a joint customs union and the GCC Common Market

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

Expo 2020 Dubai pavilions: Uzbekistan, US, Spain, Finland, UK, Oman, Sri Lanka, Brazil

Here’s a list of eight participating country pavilions and their offerings