SEZAD highlights .39 billion tourism, power projects Business

SEZAD highlights $1.39 billion tourism, power projects

MUSCAT, JUNE 21 The Special Economic Zone at Duqm (SEZAD) has highlighted major tourism and energy developments with a combined value of approximately $1.39 billion, reflecting the scale of projects planned and under development in the fast-growing economic hub. Among the projects showcased is a tourism development valued at $480 million under a cooperation memorandum […]

Enegix global to power Oman’s first national digital mining pool Business

Enegix global to power Oman’s first national digital mining pool

Muscat: Enegix Global, a multi-jurisdiction digital infrastructure and Bitcoin mining group, has announced that it has been appointed as the technological and liquidity infrastructure provider for Omanhash.om, described as the Sultanate of Oman’s first national digital mining pool. The launch of Omanhash.om marks a significant step in Oman’s efforts to attract large-scale cryptocurrency mining investment […]

This unsettling book says we live too long – but Australia’s problems lie in power, not age International

This unsettling book says we live too long – but Australia’s problems lie in power, not age

Australia’s widening generational gap of wealth and inequality could reach record levels within years, suggests recent research. This tension is playing out in national debates over the budget and the housing crisis, as well as provocative new books and films taking aim at baby boomers. But centuries ago, Anglo–Irish politician Edmund Burke painted a very […]

Before banks, nuns lent money: how convents helped power medieval Vienna’s economy International

Before banks, nuns lent money: how convents helped power medieval Vienna’s economy

Retirement planning might seem like a thoroughly modern concern, with pensions, investments and annuities forming part of today’s financial toolkit. But these financial tools are much older than they appear. In the later Middle Ages, people were already exchanging lump sums for steady income streams – and, in cities like Vienna, these arrangements underpinned entire […]

Putin wanted to make Russia great again. Instead, Ukraine is the new rising power in Europe International

Putin wanted to make Russia great again. Instead, Ukraine is the new rising power in Europe

Russia’s ongoing war against Ukraine is often, and misleadingly, characterised as a great power conflict. The narrative goes like this: Russia went to war against Ukraine because it felt threatened by NATO’s enlargement into eastern Europe after 1991. The real enemy is the United States, which is, at the very least, “principally responsible” for the […]

Duqm power plant secures 5 million EPC deal Business

Duqm power plant secures $385 million EPC deal

MUSCAT, JUNE 16 Oman’s 870-megawatt Duqm gas-fired power plant has secured a $385 million engineering, procurement and construction (EPC) contract, advancing one of the Sultanate of Oman’s largest new power generation projects. South Korea’s Doosan Enerbility said it had signed the contract with Coastal Power SAOC, the project company established to develop the plant in […]