News & Announcements

Muscat gets ACI Airport Health Accreditation


Muscat International Airport became the first airport in the Middle East to achieve the Airports Council International (ACI) Airport Health Accreditation, based on a programme designed to assist airports by assessing new health measures and procedures introduced as a result of the Covid-19 pandemic.

This certificate recognizes Muscat International Airport’s

Khazaen unveils new incentives package for investors.


Khazean Economic City has announced a set of promotional incentives for local and foreign investors. Incentives include discounted lease, rent-free period, discounted service fees, exemption from registration and krookie fees until the end of this year.

Khazean Economic City, the newest economic city in the Sultanate, which is being developed on an area of 51 mil

OTF commits funding support to 3 new Omani online start-ups.


The Oman Technology Fund (OTF), the Sultanate’s leading venture capital investment fund, has announced funding support for three Omani new startups that will help strengthen the virtual marketplace at a time when many conventional shops and establishments remain shuttered amid the current lockdown over the novel coronavirus (COVID-19) pandemic.

Tharwa, Drewel and Hadaya join a total of seven

Foreign Capital Investment Law creates new opportunities in Oman.


A number of consultants and investors have said that the Foreign Capital Investment Law will create new investment avenues in the Sultanate of Oman. It will also drive the growth of direct and indirect job opportunities for Omanis, curb hidden trade and support the regulation of the labour market. 

Dr Ahmad bin Abdul Karim al Hooti, a member of the Board of Directors of the Oman Chamber of Com

2020 is a turning point for Middle East economies.


The Middle East economy is expected to recover at an estimated 2.1 per cent in 2020. According to ICAEW’s latest Economic Update, overall improvement in the region will be primarily driven by an uptick in the region’s two largest economies, Iran and Saudi Arabia, following a dire 2019. However, the accountancy and finance body says that the Middle East GDP growth declined modestly in 2019 by 0.5 per cent, down from an estimated growth of 0.7 per cent in 2018

Oman to present maiden review on SDG adoption.


Oman, represented by the Supreme Council for Planning (SCP), is set to present its maiden Voluntary National Review (VNR) at a UN forum in July, highlighting the Sultanate’s plans and efforts to implement the Sustainable Development Goals (SDG) by the year 2030.

The 2030 Agenda for Sustainable Development, adopted in 2015 by all UN Member States including the Sultanate of Oman, provides a sha

Desert agriculture has immense potential in Oman.


Prospects for the sustainable cultivation of prodigious quantities of agricultural and farm produce in vast greenhouses constructed in the arid desert regions of Oman were showcased at a key conference.

The most promising of these was an ambitious initiative spearheaded by majority state-owned oil and gas producer Petroleum Development Oman (PDO). It envisions the application of solar energy to tre

Oman Cables Industry (SAOG) has launched its new logo.


At an official inauguration, Oman Cables Industry SAOG has launched its new logo of rebranding as a reflection of its evolutionary heritage symbolizing the company’s continued development as it advances into a future characterized by further innovation in delivering state-of-the-art energy solutions and offer

Omani FDI inflows expected to accelerate: CBO.


The pace of Foreign Direct Investment (FDI) inflows is projected to pick up in the Sultanate, the Central of Bank of Oman (CBO) stated in a key report, citing a brightening macroeconomic outlook as well as the nation’s steadily improving ranking on the Global Competitive Index.
Net FDI inflows totalled around RO 700 million during January-September 2018, the CBO said in its newly published Mid-Year Review of the Omani Economy in 2018. This was primarily ge