#Oman

Mwasalat resumes UAE-Oman bus service Image Mwasalat X

Oman-UAE bus service to resume from Oct 1

The one-way ticket from Muscat to Abu Dhabi will cost OMR11.5

Oman holiday

Oman announces public holiday for Prophet Muhammad’s birthday, sets up 3-day weekend

The resulting holiday sets up a 3-day long weekend for those working in the public and private sector in the country

OQ Gas Networks seeks to raise up to $771m from IPO

Oman’s OQ Gas Networks seeks to raise up to $771m from IPO

The institutional investor tranche represents 40 per cent of the offering while the retail portion accounts for 30 per cent

Oman puts 103 countries on visa-free list Image Getty Images

Oman visa-free entry: Check list to see countries that qualify

Nationals of 103 countries and regions are exempt from entry visas for stays up to 14 days

Oman Data Green City Phoenix Group to set up crypto-mining farm Image Supplied

Oman: Phoenix Group, Green Data City to install $300m crypto-mining farm

UAE-based Phoenix Group is experienced in the development, operation and management of crypto data centres

Oman’s GDP up 4.7% in Q1 2023

Oman’s economy grows 4.7% in Q1, boosted by non-oil activities

The economic growth was boosted by a 4.6 per cent gain in the non-hydrocarbon sector and a 3.5 per cent increase in oil activities.

Oman and Etihad Rail Company and Jindal sign MoU

Oman and Etihad Rail Company, Jindal to set up sustainable logistics solution

An anticipated annual capacity of up to 4 million tonnes of Jindal’s materials and products will be transported via the Oman-UAE rail network

Oman Investment Authority

Saudi Arabia’s PIF to expand investment in Oman

The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries

SalamAir

Oman’s SalamAir to lease three Airbus A330neo aircraft from Avolon

The letter of intent was signed during the Paris Air Show, and the initial delivery is scheduled for October 2023

oman

Oman announces dates for Eid Al Adha 2023

The sighting of the crescent signifies the annual Hajj pilgrimage’s start on June 26 and Arafat Day will fall on June 27

Sultan Haitham City image credit Twitter Oman News Agency

Oman unveils plans to build Sultan Haitham City

The smart and sustainable city will cover an area of approximately 15 million square metres

Oman's OIA

Oman’s Bank Dhofar, Omnivest submit competing bids for Ahli Bank

The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank

Zain HQ Building 2021

Zain Group creates global wholesale services JV with Omantel

The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries

Oman

Oman announces the first day of Eid Al Fitr 2023

The decision was made after the moon sighting committee failed to sight the crescent moon of Shawwal on Thursday, April 20

Oman earthquake

Magnitude 5.8 earthquake strikes off the coast of Oman

The 5.8 magnitude earthquake in Oman did not affect the UAE nor felt by any residents

EFG Hermes exit Oman

EFG Hermes shuts Oman operations

The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric

Oman Ahli United Bank, Bank Dhofar merger

Oman’s Ahli Bank rejects merger offer from Bank Dhofar

The board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it

Borouge building material

Borouge supplies materials worth $26.5m to mega projects in MEA

The company’s materials contribute to reducing carbon emissions generated during the manufacturing process of the pipes and their operational lifespan

UAE, Oman sign agreement to boost environmental preservation efforts

UAE, Oman sign agreement to boost environmental preservation efforts

Both sides will conduct joint research in the fields of environmental preservation

Oman oil driller Abraj Energy hires banks for $500m IPO

Omani ministry signs nickel extraction agreement with UK’s Knights Bay

The first mining agreement is Oman’s first with a foreign investor

F88

F88 raises $47m ahead of its planned Vietnam IPO

The Hanoi-based company offers small loans primarily backed by vehicles as collateral and provides financial services, such as insurance and money transfers

Abraj oil drilling deal

Oman’s Abraj inks oil drilling deal with Chevron, Kuwait Gulf Oil Company

Abraj will construct three drilling platforms in the Wafra oilfield in the southern part of Kuwait as part of the deal

Oman, Israel

Oman opens airspace to all airlines

The sultanate’s historic decision is expected to shorten flights to some Asian destinations by more than two hours

Oman

Oman oil-drilling IPO draws Saudi wealth fund as anchor investor

Anchor investors will subscribe for 40 per cent of the shares at the maximum price

Oman, Saudi Arabia sign executive programme for ICT infrastructure enhancement

Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure

The programme will boost cooperation to enhance telecommunication and information technology infrastructure, and high-speed digital interconnection for data exchange

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

oil

Oman Energy firm OQ to sell 49% stake in oil-drilling unit IPO

The IPO could raise as much as $500m

Oman mobile internet coverage

Telco Ooredoo to expand coverage to more areas across Oman

Ooredoo will enable 2G, 3G and 4G coverage to 37 previously uncovered areas for the first time

Oman gets interest from hydrogen investors for mega-blocks

More than 40 companies, including TotalEnergies and BP, have purchased request-for-qualification documents for the Omani blocks

Jindal Shadeed Group to Invest USD 3 billion; agreement signed to Reserve Land to Produce Green Steel at Duqm

Jindal Shadeed Group to invest $3bn in green steel manufacturing facility in Oman

Slated to be the largest of its kind within the zone to produce green steel, the facility will also utilise renewable energy sources in its manufacturing operations