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Oman to allow full foreign ownership in listed companies

Muscat Clearing and Depository finalised measures to open up the market

Saudi developer Dar Al Arkan enters Oman with SAR6bn project

Located 20 minutes from Downtown Muscat, the project is spread over a total area of 11 million sq m, and will comprise of 3,500 residential units and two hotels

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

Middle Eastern oil is flavour of the month as benchmarks diverge

Oil futures have soared to the highest level in seven years in the opening weeks of 2022

Oman vows to extend economic reforms as its finances stabilise

Oman’s cost-cutting steps along with a rally in oil prices helped the sultanate return to global debt markets

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year

Saudi Crown Prince arrives in Oman on official visit

On the sidelines of the visit, Saudi Arabia and Oman signed 13 memoranda of understanding across different sectors

Oman unveils 13 national projects exceeding OMR3bn

The projects cover several key sectors, such as energy, food security, manufacturing, mining, health and tourism services

Oman’s first S&P upgrade in over a decade may be on the cards

Oman’s fiscal deficit may narrow to 4.2 per cent of gross domestic product in 2021

Covid cases today

Covid-19: Oman waives several fines to support the private sector

The Supreme Committee has also warned that authorities will shut down any establishments found in breach of the precautionary measures

BIOS Middle East expands its cloud footprint to Oman

The new cloud footprint in Muscat complements existing cloud footprints already available in Dubai, Abu Dhabi, Riyadh and Jeddah

Covid-19 in Philippines Manila airport

Philippines to lift travel ban on 10 countries including UAE and Oman

The travel ban will be lifted on September 6, although foreign tourists are still not permitted to enter the country

Mall of Oman, country’s largest shopping destination, opens in Muscat

Key features include a 15-screen Vox cinema complex and the country’s largest indoor snow park

Oman Muscat airport

Access to Oman airport premises restricted to vaccinated personnel; travellers remain unaffected

The directive will be effective starting Wednesday, September 1

Oman to open land borders from September 1

The sultanate also decided to lift the entry ban on arrivals from all countries starting September 1

Emirates Dubai Muscat

Emirates ramps up service on Dubai-Muscat route

It will introduce a fourth weekly service starting August 28

Oman entry

Oman: Travel ban lifted for all countries; vaccination mandatory to enter most establishments

Omani citizens, residents and visitors will be allowed to enter the sultanate from September 1

Cinépolis Cinemas Muscat Oman

Cinépolis opens GCC’s first Luxury Cinemas concept in Muscat

It is located at the Oman Avenues Mall in Muscat

UAE’s NMC Healthcare announces launch of administration exit process

Gross revenues for the NMC’s UAE and Oman business for H1 2021 stood at $611m

Islamic Development Bank, Bloomberg LP launch financial education programme across 9 countries

Participating universities will be announced over the coming months

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 cases today

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