Oman | Omanet

Asyad Shipping’s RO 149.6 Million Investment in Next-Gen VLCCs: What It Means for Oman’s Maritime Business Growth

By CONRAD PRABHU
Economy

Asyad Shipping has signed agreements to build three new VLCCs with South Korea's Hanwha Ocean, costing RO 149.6 million ($388.5M).

Bank Muscat Sees RO 255.54 Million Net Profit in 2025: Implications for Investors and Business Growth in Oman

By Oman Market
Business

Bank Muscat reported a net profit of RO 255.54 million for the year ended December 31, 2025, marking a 13.3%

Transition to All-Electric Vehicles in Oman: What It Means for Your Business Opportunities and Investment Strategies

By CONRAD PRABHU
Business

Oman's transportation decarbonisation roadmap aims for Net Zero by 2050, focusing on policy, technology, and infrastructure. The Ministry of Transport

IFC’s Plan to Position Muscat as a Global Finance Hub: What It Means for Investors and Entrepreneurs in Oman

By Oman Market
Economy

A Royal Decree has established the International Financial Centre of Oman (IFC Oman), an independent platform for global financial activities

New Industrial Bakery Launching at Khazaen Economic City: Implications for Investors and Entrepreneurs in Oman

Food Development Company, part of Salalah Mills, is launching its industrial bakery in Khazaen Economic City on January 14, 2026,

Madinat al Irfan Welcomes OGFC: Key Opportunities for Investors and Entrepreneurs in Oman

The Oman Global Financial Centre (OGFC) will be located in Madinat al Irfan, enhancing Oman's position as a global financial

Oman’s Digital Economy Investments Hit RO 1.2 Billion: What This Means for Entrepreneurs and Investors

By Hibba al Kindi
Economy

Oman's IT sector investments reached RO 1.2B in five years, with 70% from foreign sources. Government digital services rose to

Transforming Oman’s Industrial Cities: What Major Initiatives Mean for Investors and Business Owners

By CONRAD PRABHU
Economy

The Public Establishment for Industrial Estates (Madayn) has outlined 98 initiatives for the 11th Five-Year Development Plan (2026–2030) to expand

Bayt Al Greiza Opens at National Museum: Boosting Cultural Tourism and Business Opportunities in Oman

In celebration of Sultan Haitham bin Tarik’s sixth accession anniversary, the National Museum opened Bayt Al Greiza on a trial

R&D Investment in Oman Reaches RO 160 Million: What This Means for Business Growth and Innovation

By Oman Market
Economy

Oman’s R&D investment rose notably in 2024, reaching RO 160.3 million (0.42% of GDP). The private sector led spending at

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