Economy | Omanet

A first-ever batch of Vertical Axis Wind Turbines (VAWTs) has been installed at a desalination plant in Oman. These 60

The world made record renewable energy progress in 2024, adding 582 GW, yet it's insufficient to meet the COP28 UAE

Gold crossed the $4,200-per-ounce mark amid expectations of US rate cuts and US-China trade worries. Spot gold rose 1.4% to

ITHCA Group, part of Oman Investment Authority, invested $20M in Movandi, a US-based semiconductor and smart wireless solutions company, to

The 4th Oman Electricity and Energy Conference 2025 saw Nama Electricity Distribution showcase its solar power projects and battery storage

The 43rd meeting of the Permanent Technical Committee for Statistics of the League of Arab States convened in Muscat, focusing

The International Energy Agency warns of a 2026 oil surplus of up to 4 million bpd, as Opec+ ramps up

Oman Taxi Authority clarifies VAT rules for Omani companies trading with the UAE and Gulf countries. Companies can avoid undue

Global shares fell as U.S.-China tensions rose ahead of trade talks, boosting bonds and gold. Gold prices surged, driven by

Google will invest $15 billion over five years to establish its largest AI hub outside the U.S. in Visakhapatnam, Andhra

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