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GCC’s energy space: What does the future hold?

Stakeholders across local and regional countries are keen to pursue sustainable fuels

Covid-19: Oman goes into complete lockdown, Sur exempt due to heavy rains

All commercial activities and the movement of individuals and vehicles are banned during the Eid Al Adha holidays

Oman’s Sultan Haitham arrives in Saudi in first foreign visit

The two countries are signing agreements in a slew of fields including commerce, culture, investment promotion and post and transport

Commercial Bank of Qatar withdraws offer to raise stake in National Bank of Oman

The Qatari lender last month had offered $128m to raise its holding to 50.1 per cent from 34.9 per cent

Oman’s ruler Sultan Haitham to visit Saudi in first official foreign trip

Sultan Haitham will meet with King Salman during his two-day visit on Sunday and Monday

Covid-19: Oman suspends arrivals from 24 countries

Oman has also announced a complete lockdown in the country across three days of Eid Al Adha

Oman

Oman: Complete lockdown declared for Eid Al Adha 2021

The sultanate also issued a revised list of countries from where entry will be banned as a precautionary measure

Oman

Oman to introduce new long-term residency programme for foreign investors

Starting September 2021, the Investment Residency Programme will offer renewable five and ten-year visas subject to applicants meeting specific criteria

Mall Of Oman Majid Al Futtaim

UAE’s Majid Al Futtaim to open Mall of Oman in September 2021

Its key features include over 350 retail outlets, a 15-screen VOX cinema and the country’s largest indoor snow park

Omani plastics firm Octal weighs $800m sale

The company is working with JPMorgan Chase & Co. as it considers selling a majority stake

Oman is planning a second debt sale in 2021 with dollar sukuk

Oman successfully tapped the international debt market in January, raising $3.25bn

Virgin Mobile Middle East and Africa

Virgin Mobile Middle East and Africa to eliminate single-use plastics in SIMs and recharge cards

It is aiming for its operations to become carbon neutral by the end of 2021

Oman

Oman: Sweeping relaxation of internal Covid-19 restrictions; entry ban extended for UK, India, Pakistan

Oman’s land borders will be reopened with permission granted to Omanis and GCC citizens residing in the sultanate to cross them

Ooredoo Oman appoints its first female CEO

Noor Al Sulaiti, who will replace Ian Dench, previously led Ooredoo unit Starlink

Oman’s OQ and partners plan 25-gigawatt green hydrogen plant

The project may cost around $30bn

Oman’s National Gas Company terminates CEO

Covid-19: Oman lifts movement ban, commercial activities resume with some restrictions

The number of visitors to commercial complexes and restaurants will be capped at 50 per cent of capacity

Google startup accelerator

Google opens registrations to MENA tech startups for accelerator programme

The three-month long programme will commence in mid-July 2021 and is for ‘Seed to Series’ startups in the region

The impact of VAT on the Omani economy

GCC states have the discretion to zero rate and exempt certain categories of supplies and Oman has used this discretion

Oman to stop accepting resignation of healthcare workers – report

The decision has been taken due to the increasing number of Covid-19 cases in the country

Covid-19: Oman issues new restrictions, bans Eid gatherings

All commercial activities to be banned throughout the day with effect ‪from Saturday, May 8 until the end of ‪Saturday, May  15

Oman’s first quarter deficit rises to $2bn

Public revenue was OMR1.82bn at the end of March

Oman state oil firm to sell assets to fund $7.9bn spending

OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m

Oman Covid-19 Travel Ban

Covid-19: Oman to indefinitely ban travellers from India, Pakistan and Bangladesh

The ban will take effect from 6pm on Saturday, April 24

coronavirus covid-19

Covid-19: Oman running out of ICU beds for patients – report

The sultanate has announced several guidelines to curb the spread of the virus

Oman is said to study strategic options for state energy firm OQ

OQ is an integrated energy company with oil and gas exploration and production operations, refineries, a retail network and a large petrochemical business

Oman is more than halfway towards meeting its financing needs for 2021

The government has OMR1.83bn left to raise after so far borrowing OMR1.77bn and withdrawing OMR600m from the Oman Investment Authority

Oman AIr

Oman suspends flights from UK, reduces staff capacity at offices

The sultanate also prohibited the entry of passengers who departed from or transited through the UK in the past 14 days

Covid-19: UK adds Oman, Qatar to travel ‘red list’

This move is to protect the UK against new variants of the coronavirus infection

Majid Al Futtaim Al Mouj Muscat

UAE’s Majid Al Futtaim launches Dhs28m villas in Al Mouj Muscat development

The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach

Trade between UAE, GCC worth Dhs229bn in 2019

Saudi Arabia is the UAE’s top trading partner, with a total of Dhs113.2bn in trade exchange in 2019