SYDNEY/LONDON: Global equities inched higher on Monday as oil prices held broadly steady after Iran said it was nearing a final pact with Oman defining new shipping lanes in the Strait of Hormuz, and as markets awaited key U.S. inflation data on Wednesday. Europe’s continent-wide Stoxx 600 index rose 0.1% while futures for the U.S. […]
MUSCAT, JULY 5 As many as four mega solar PV-based Independent Power Projects (IPPs) are planned for implementation across key locations in the Sultanate of Oman, starting from 2028–29. At 1 GW capacity apiece, these four large-scale schemes are central to achieving the Sultanate of Oman’s goal of generating at least 30 per cent of […]
MUSCAT, JUNE 27 An ambitious Green Park integrating green metals, green manufacturing and a silica-based industrial cluster is planned for development at the Special Economic Zone at Duqm (SEZAD). Initiated by the Public Authority for Special Economic Zones and Free Zones (OPAZ), the hub is envisioned as a co-located industrial ecosystem linking mineral extraction, processing, […]
MUSCAT, JUNE 18 The Central Bank of Oman (CBO) is preparing to appoint an international consultancy firm as an Independent Assessor to provide assurance and validation support for its Central Bank Digital Currency (CBDC) programme, marking a further step in the Sultanate’s digital finance transformation agenda. Submissions for the related tender close on June 28, […]
MUSCAT, JUNE 14 Oman’s natural gas market is entering a more complex phase of structurally rising demand, even as supply growth remains comparatively constrained, according to Integrated Gas Company (IGC), which continues to play a central role in balancing allocations across power generation, industry, and strategic economic projects. Speaking on the evolving gas landscape, CEO […]
AL DUQM: The Special Economic Zone at Duqm (SEZAD) is moving ahead with a major coastal tourism master plan aimed at turning Duqm into an integrated tourism and investment destination on the Arabian Sea. The plan seeks to develop a 16-kilometre waterfront supported by hotels, resorts, tourist accommodation, public spaces, walking trails, eco-tourism facilities and […]
Anthropic, the AI firm and rival of ChatGPT developer OpenAI, may soon become a publicly traded company, allowing people to buy shares in it. The company said on Monday it had confidentially submitted a draft registration statement for an initial public offering to the US Securities and Exchange Commission (SEC). This means that business information […]
