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 […]
In an article I recently wrote titled “Are Things Getting Better for Disabled People in the Middle East? The Case of Oman,” I explored the experiences of Omanis with physical impairments to understand how much progress has truly been made. Drawing on in-depth interviews with 19 participants from across the country, the study revealed a […]
New York: Artificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control. The San Francisco-based company, which makes the Claude family of AI models, said in a report that a worldwide slowdown in cutting-edge AI […]
Qais Al Yousef, Chairman, Public Authority for Special Economic Zones & Free Zones (OPAZ), was briefed by 18 Sultan Qaboos University (SQU) students on their internship projects and experiences working inside businesses in Duqm during a breakfast gathering this week. The students are taking part in the inaugural SEZAD – SQU Summer Internship with placements […]
MUSCAT: The Board of Directors of Bank Nizwa has recently announced the appointment of Tariq Atiq as Chief Executive Officer of the bank. This appointment underscores the bank’s continued commitment to empowering Omani talent, reinforcing leadership continuity and driving long-term strategic growth. It also reflects Bank Nizwa’s vision of building a future-ready leadership team capable […]
The Canadian government’s new artificial intelligence strategy positions AI as a major driver of job creation, economic growth and national competitiveness. It has also drawn some criticism for not providing enough detail on safety and governance. A central element of the strategy is its focus on AI literacy. This includes a national initiative to provide […]
