OQ is offering 1.69 billion shares, equivalent to 49 per cent of OQ Base Industries’ total issued share capital, at Bzs106 to Bzs111 per share
The offering was priced at the top of its indicative range of 370-390 baizas per share and was oversubscribed by around 2.7 times, including anchor investors
The network will accommodate passenger trains, each capable of carrying up to 400 passengers at a speed of 200 km/hour
The upgrade reflects Oman’s commitment to deleveraging its balance sheet and advancing its structural reform agenda
The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m
From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can truly live well
Part of the IHG Hotels & Resorts family, the hotel features 173 rooms, suites, and chalets, each designed to reflect local themes such as damask roses, pomegranates and the region’s famous indigo plants
The subscription period is expected to commence this month, with the listing anticipated in October
The head of MHD ACERE credits his grandfather, the late Mohsin Haider Darwish, with having a long-term vision that laid the foundation for one of the leading family businesses in the GCC region
The wealth fund said the merger is part of its mandate to establish, merge, liquidate, and sell assets
The sovereign wealth fund said it recorded more than OMR1.7bn in profit and contributed OMR800m to the state’s general budget
The port, which is Oman’s closest to the border with Yemen, handled 1.679 million shipping containers in the six months to June 30
The NCM forecasts the eastern and southern regions of the country will experience some rain showers, due to a ‘Intertropical Convergence Zone’
Oman’s capital Muscat is likely to see scattered rainfall in the early hours of June 24 with temperatures hovering in the mid-to-high 30s
Police have confirmed that four people were killed and several others injured following the incident.
Omani authorities conducted a search-and-rescue operation at the scene in coordination with maritime authorities,
The Oman News Agency stated that the tanker capsized 25 nautical miles southeast of Ras Madrakah, near Duqm
The company focuses on transporting LNG to the international market, and its fleet includes very large crude carriers and product and chemical tankers
The initial draft bill was first introduced in 2022, proposing a tax framework aimed at high earners
The ‘Film City’ project, aims to generate substantial employment opportunities, with plans to create over 100 jobs for Omanis in its first year
The energy transition presents the GCC region with opportunities for climate change mitigation and adaptation as well as economic diversification
Eid Al Adha, is one of the most significant events in the Islamic calendar, and is marked by special prayers, feasts, and acts of charity
The global financial giant has tapped former Mubadala and Goldman Sachs executive to lead its operations in the three GCC countries
The CAA advised residents to follow weather alerts, and take precaution while travelling through low-lying areas and the sea
A shareholder agreement among Etihad Rail, Oman Rail and Mubadala Investment Company has been signed to kick off the project
Education authorities in Oman announced distance learning for all educational institutions due unstable weather conditions on May 2
The deals bring the total hydrogen production in Oman to 1.38 million tonnes per year
Saudi Arabia’s General Directorate of Civil Defence said that most parts of the kingdom will experience moderate-to-torrential thundershowers this week
The passenger train will reach a top speed of 200 km per hour covering the distance between Sohar and Abu Dhabi in 100 minutes
The deals span renewable energy, railway connectivity and investments in digital infrastructure and technology