The State’s public revenue at the end of July 2023 amounted to RO 7.183 billion, down by 10% when compared to RO 8.003 billion registered over the same period in 2022, according to the Fiscal Performance Bulletin published by the
The total issuance of Government Treasury Bills amounted to RO 20.5 million. The value of the allotted Treasury bills amounted to RO 1 million, for a maturity period of 28 days. The average accepted price reached RO 99.660 for every
Asyad Group provided business opportunities for local suppliers to the tune of more than RO 38 million during the first half of 2023.
The opportunities were generated through ASYAD’s awarding more than 5,000 contracts. They included more than 2,000 …
As part of its efforts to enhance local content, promote local products, and support Omani SMEs, Oman Investment Authority (OIA) signed a Memorandum of Cooperation (MoC) with the Industrial Innovation Academy (IIA).
The MoC aims to establish industr…
The private sector is one of the most essential pillars in ensuring a sustainable Gulf economy capable of facing economic challenges, said GCC Secretary-General Jassim Al-Budaiwi Sunday.
This came in a speech during his participation in the 62nd mee…
The total electricity production in the Sultanate of Oman until the end of June 2023 grew by 1.6% to 20,349.1 gigawatts per hour, compared to 20,023.8 gigawatts per hour during the corresponding period in 2022, according to preliminary statistics rel…
The Ministry of Commerce, Industry and Investment Promotion issued ministerial decision No.499/ 2023 to regulate the practice of e-commerce activity in the Sultanate of Oman.
The decision which comes within the national plan for e-commerce, aims at…
Justice, Islamic Affairs and Endowments Minister Nawaf bin Mohammed Al Maawda today honoured Mohammed Adnan Al Maawda, who finished second in the 43rd edition of King Abdulaziz International Competition 43rd King Abdulaziz International Competition fo…
OQ, the global integrated energy group, reported earnings before interest, taxes, depreciation and amortization (EBITDA) of USD 2.3 billion for the first half of 2023. Additionally, the group posted a net profit of USD 1.1 billion and reported total …
Abdullah bin Adel Fakhro, Minister of Industry and Commerce, met with Mukesh T. Kavalani, Chairman of the Thattai Hindu Merchants Community.
The minister affirmed the longstanding Bahraini-Indian relations, noting the importance of enhancing these t…