He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet’s first trillionaire. Forbes magazine on Tuesday estimated Musk’s net worth at nearly $835 billion, as compared with $342 billion in its annual rich list in March 2025. He is […]
SUHAR: The Youth Center, in partnership with SOHAR Port and Freezone, has concluded the Sustainability and Renewable Energy Programme. The programme included the participation of 50 young men and women, comprising graduates of scientific and engineering disciplines as well as entrepreneurs interested in clean energy and sustainability. It was held during the period from April […]
BUSINESS REPORTER MUSCAT/LUANDA, APRIL 20 In line with the objectives of Oman Vision 2040, aimed at economic diversification and strengthening the Sultanate of Oman’s international investment footprint, the African Bank of Oman (ABO) has officially launched in Luanda, Angola. Positioned as a specialised financial platform, the bank supports trade and investment flows between Africa and […]
In the last few years, the hype around artificial intelligence has become stratospheric. Riding a wave of venture capital, tech leaders promised us AI would revolutionise work, boost productivity and lead to incredible new breakthroughs. OpenAI, the creator of ChatGPT, set a new record when it attained US$110 billion in investments several months ago – […]
MUSCAT: The Royal Decree No. 62/2026 issued recently, introducing amendments to certain provisions of the Cultural Heritage Law, reflects the growing importance the Sultanate of Oman places on protecting its tangible and intangible cultural heritage, while enhancing its standing both locally and internationally. The move is part of broader efforts to reinforce the legal framework […]
Elon Musk’s rocket and satellite company SpaceX is seeking to raise about $75 billion in what would be the largest initial public offering (IPO) on record, according to an updated prospectus filed with the US Securities and Exchange Commission (SEC)on Wednesday. At an offering price of $135 per share, the company would be valued at […]
FMC-Ferrometalco, a leading Egyptian steel fabrication and construction company, has signed an agreement to invest in the establishment of a major facility specializing in the fabrication of steel structures at the Special Economic Zone at Duqm (SEZAD). The project forms part of a portfolio of investments announced earlier this week by the Public Authority for […]
The Sultanate of Oman has recorded a growth in the use of Digital Payment Methods by 2025, reflecting a Qualitative Shift in consumer behavior, and a significant growth in commercial activity and an increase in purchasing power, driven by the development of e-commerce and traditional infrastructure. Data issued by the Central Bank of Oman showed […]
Elon Musk’s SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had. The rocket and satellite maker raised US$75 billion on […]
MUSCAT: Sayyid Badr bin Hamad al Busaidi, Foreign Minister, received a phone call from Kaja Kallas, High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission. The two sides exchanged views on the latest regional developments amid the rapidly evolving situation in the region and the challenges […]
