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Oman's Ahli Bank receives bids from Omnivest, Bank Dhofar

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


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

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 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

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


TotalEnergies announces start of gas production from Oman’s onshore Block 10

TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent

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

Oman celebrates its 52nd National Day

Oman celebrates its 52nd National Day

The country has announced November 30 and December 1 as holidays for employees in the public and private sectors to mark the National Day

Oman’s sovereign wealth fund boosts assets to $41.5bn

The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent


Saudi’s Almosafer partners with Visit Oman to boost sultanate’s inbound tourism

Almosafer’s consumer business will run a 360 marketing campaign throughout 2023 to promote Oman to its customer base in Saudi Arabia, Kuwait and the UAE

Careem introduces inter-city rides from Saudi to Qatar

Careem introduces inter-city rides from Saudi to Qatar for FIFA World Cup

City-to-city rides are available to those attending multiple matches

Oman offers visa-free entry to GCC residents

In order to enter Oman, a resident’s visa in the GCC must be valid for a period of no less than three months

Latin America’s biggest startup Kavak expands footprint into Middle East

The Mexico City-based company is branching into the UAE and Oman

Oman Insurance company rebrands itself as Sukoon

Oman Insurance unveils new corporate logo, rebrands as Sukoon

The new brandmark represents two human hands coming together, depicting a sense of security and protection for customers


Aramex completes first drone delivery in Oman

The company plans to expand its drone delivery testing across the Middle East region

Saudi’s Seera Group to operate inbound charter flights to the kingdom

Flights will operate from November 2022 through to March 2023

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

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

Abraj Energy was created in 2006 and owns about 20 land rigs


Oman seeks to deepen capital markets with eye on Gulf IPO boom

Oman and Bahrain are the only countries in the GCC not classified as emerging markets by MSCI

UAE President arrives in Oman on two-day state visit

Sheikh Mohamed bin Zayed Al Nahyan was welcomed by Sultan Haitham bin Tariq, upon his arrival in Muscat

Non-oil trade between UAE and Oman

Non-oil trade between UAE and Oman crosses Dhs362bn in 10 years

Non-oil exports accounted for 33 per cent of the total non-oil trade during the past ten years

Oman to ban import of plastic bags

Oman to ban import of plastic bags from January 2023

The ministry is working with concerned departments to develop specifications, ensuring a proper transition to alternatives


Singapore’s Sembcorp to sell India coal power business to Oman’s Tanweer Infrastructure

After the completion of the sale, the share of renewables in Sembcorp’s total energy capacity will rise to 51 per cent from 43 per cent


Oman gets first upgrade from Fitch on oil-led fiscal turnaround

Fitch raised Oman’s long-term foreign-currency rating by one notch to BB

Oman posts $2bn surplus in first half on high oil, gas

Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year