Economy | Omanet

The Ministry of Commerce in Oman offers incentives for limited liability companies to convert to closed joint stock companies, enhancing

Oman Investment Authority (OIA) launched the ‘Hamat’ programme to empower Omani youth, startups, and innovators. It focuses on tourism, real-world

Karwa Motors has announced the 'Karwa Minibus,' a new 14-passenger vehicle designed for mass transit with a focus on performance,

In 2025, renewable energy made up 9.46% of electricity on Oman's national grid, generating 4.26 TWh. With 1,550 MW capacity

The Japanese government approved a record $782 billion budget for fiscal 2026, including a record nine trillion yen for defense

Oman’s clean economy, covering renewables, green hydrogen, e-fuels, and low-carbon tech, offers a key economic opportunity to boost job creation,

The Sultanate of Oman is launching AI pilot projects across key sectors. These include early diabetic retinopathy detection, MRI analysis,

US investors may soon access more products tied to private credit and crypto, as the Trump administration and SEC push

Nvidia licensed chip tech from startup Groq and hired its CEO and key engineers, while Groq remains independent. Groq, valued

The European Commission will allow more energy-intensive industries to receive compensation to offset costs of EU emissions rules, aiming to

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