Oman’s health minister said on Thursday that the sultanate had witnessed a “scary” surge in COVID-19 cases that required boosting hospital capacity, especially for intensive care units. The country …
Oman welcomes over 3.5 million visitors in 2019, an 8.14% rise from 2018
The Sultanate of Oman welcomed more than 3.5 million tourists in 2019, which reflected an 8.14 per cent increase as compared to the number of visits registered in 2018.
Oman LNG revenues hit $3.485bln in 2019
Majority state-owned Oman LNG achieved revenues of $3.485 billion in 2019 – a year characterised by a new production high, record cargo deliveries and the start of a landmark rejuvenation programme …
Gulf Oil Producer Oman Is Quickly Running Out Of Options
Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85, with a senior legal source in Abu Dhabi focussed on the oil …
Investors may track debt levels of JSPL post the Oman asset sale
However, investors may do well to await final confirmation of the sale. Shares of JSPL slipped 4.8% on Wednesday. The Oman asset, Jindal Shaheed, produced about 1.87 million tonnes (mt) of steel and …
COVID-19: Oman records 1,124 new cases, 9 deaths
Oman recorded 1,124 new cases of the novel coronavirus on Wednesday, maintaining an upward trend and raising the country’s overall infections to 41,194. The latest cases, reported by the Omani news …
PROJECTS: Oman’s Raysut Cement plans five-fold increase in production capacity
Oman’s Raysut Cement is planning a five-fold increase in production capacity to grow its business within and outside the Sultanate, the company’s Chief Executive Officer Joey Ghose said. The …
JSPL To Divest Oman Business To Promoter Firm
A promoter group firm will acquire Jindal Steel and Power Ltd.’s entire stake in the company’s Oman unit.Jindal Steel & Power (Mauritius) accepted a binding offer from Templar Investments, a …
Investments in Oman’s Sohar, Salalah free zones total $9.6bln
In line with the Sultanate Logistics Strategy (SOLS2040) and Oman 2040 Vision to attract local and foreign … for licenses and permits supporting the free zones` competitive business environment.
JSPL to sell entire stake in Oman arm for $1 billion
In a statement on Tuesday, JSPL said it had accepted a binding offer from Templar Investments to divest its entire stake in its Oman arm in line with its commitment to continuously bring down debt and …