The company has experienced a 41% increase in net reinsurance results, totaling OMR874,000 (US$2.3 million) for Q1 2024, up from OMR618,000 (US$1.6 million) in Q1 2023. Additionally, Oman Re reported …
Private Equity Firm Advent Explores Deal to Take Over Oman’s OQ Chemicals
OQ Chemicals, formerly known as Oxea, was owned by Advent until 2013. The private equity firm sold the company, which has production facilities in Europe, the US and China, to OQ for about €1.8 …
Minister Of Finance Meets Omani Counterpart
HE the Minister of Finance Ali bin Ahmed al-Kuwari met with Minister of Finance of the Sultanate of Oman Sultan al-Habsi on the sidelines of the 49th …
19th Edition of Oman Design & Build Week unveils the future of construction, design, and real estate
Co-located with the Oman Real Estate Expo (OREX), this event promises an enriching experience for industry stakeholders …
Mall Of Oman: The success story of Oman’s largest shopping destination
Mall of Oman stands as the premier shopping destination in the Sultanate of Oman, featuring an expansive retail space that caters to diverse consumer needs …
Six pacts signed to develop residential neighbourhoods in Oman
Muscat: The Ministry of Housing and Urban Planning (MUHUP) has signed six agreements to develop residential neighbourhoods and plans in various governorates of the Sultanate of Oman within the …
India set to sign trade deal with Oman to expand its Middle East ties
India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle East, where rising tensions are putting major shipping routes at risk.
Oman, Saudi Arabia sign MoU to finance infrastructure in industrial zones
The meeting was held to discuss cooperation mechanisms between the Sultanate of Oman and the Fund and progress in joint development projects. On the sidelines of the meeting, the two sides signed a …
Oman and Saudi Arabia sign MOU to finance industrial zones infrastructure
Muscat: The Sultanate of Oman and the Kingdom of Saudi Arabia signed a memorandum of understanding yesterday, April 25th, in Muscat, to finance …
Spot market, contract optimisation deals boost Oman LNG 2023 revenue
Spot market and contract optimisation deals buoyed Oman LNG’s earnings by more than $1 billion last year in line with …