MUSCAT: Oman’s salt industry is entering a new phase of industrial development, supported by investments exceeding $1 billion and a growing focus on value-added manufacturing that could transform one of the country’s oldest natural resources into a significant contributor to economic diversification. The Ministry of Energy and Minerals said the sector is moving beyond traditional […]
The UK government is preparing to water down its electric vehicle sales targets. Under the existing zero emission vehicles (ZEV) mandate, 80% of all new cars sold in Britain needed to be electric vehicles (EVs) by 2030. While this shift may be described as a pragmatic response to market realities, the rationale for altering EV […]
MUSCAT, JUNE 15 Oman India Fertiliser Company (OMIFCO) is offering investors a dividend yield of between 7.8 and 8.3 per cent for 2026, the company has disclosed ahead of an initial public offering (IPO) that opens for subscription on Monday. The fertiliser producer expects to pay a minimum dividend of 12.1 baisa per share, equivalent […]
OpenAI has fallen short of its goals for new users and revenue in recent months, sparking concern among some company leaders over whether it can support its extensive data-center spending, the Wall Street Journal reported on Monday, citing people familiar with the matter. Here are a few details: * CFO Sarah Friar has expressed concerns […]
Muscat: The Future Oman Fund has signed agreements for 105 projects and investments worth more than RO583 million, strengthening Oman’s drive to attract foreign capital, expand strategic industries and create jobs as the country accelerates economic diversification. The projects cover renewable energy, advanced manufacturing, healthcare, tourism, innovation and medical technology, according to an announcement made […]
