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September 20, 2023
UAE to Welcome 9,200 Additional Hotel Rooms by Year’s End, Report Finds
UAE – In a testament to its commitment to becoming a premier global tourism destination, the United Arab Emirates (UAE) is set to add a staggering 9,200 more hotel rooms to its inventory by the end of this year, according to a recent report. This expansion underscores the UAE’s relentless pursuit of excellence in the…
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July 12, 2023
New initiatives to help revitalise trading on MSX – Oman
Muscat: The Muscat Stock Exchange (MSX) recently unveiled a series of innovative steps that would help stabilize the exchange and revitalize trading. The initiative’s significance lies in its capacity to easily provide liquidity for securities, maintain a balance between supply and demand, and limit the existence of offers to buy or sell securities without accompanying…
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July 10, 2023
Oman’s oil exports reach 128.07 million barrels by May
Muscat: The National Centre for Statistics and Information (NCSI) released preliminary figures showing that the Sultanate of Oman exported a total of 128,070,300 barrels by the end of May 2023, with an average oil barrel price of $81. You will be interested on: Oman Free Zone Company Formation Eighty percent of the 160,144,300 barrels of…
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July 4, 2023
His Majesty The Sultan issues Royal Decree establishing Khazaen Economic City – Muscat, Oman
Muscat, Oman – His Majesty Sultan Haitham bin Tarik has issued a Royal Decree establishing Khazaen Economic City and promulgating its Bylaw (articles of association). You will be interested on: Duqm Free Zone Company Formation Registration Incorporation The city will be located in the governorate of South Al Batinah, on a land area of approximately…
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June 19, 2023
Dubai Chambers Opens London Office as UK Trade Hits $8.6bn
Dubai, UAE – Dubai Chambers, the largest business chamber in the Middle East, today announced the opening of its first European representative office in London. The office will be responsible for promoting Dubai as a global business hub and facilitating trade and investment between the UAE and the UK. The opening of the London office…
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June 15, 2023
Multi-billion dollar schemes fuel UAE’s industrial evolution
The United Arab Emirates (UAE) is investing heavily in its industrial sector, with a number of multi-billion dollar schemes underway. These schemes are aimed at transforming the UAE into a global hub for manufacturing and innovation. One of the most ambitious schemes is Operation 300 billion, which aims to attract AED 300 billion (USD 81.7…
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June 14, 2023
Oman and UK Explore Means of Enhancing Investment Cooperation
Muscat, June 13, 2023 – The Minister of Commerce, Industry and Investment Promotion, HE Qais Mohammed Al Yousef, and the Minister of State for International Trade in the United Kingdom, Nigel Huddleston, met today to discuss ways to enhance investment cooperation between the two countries. The meeting, which was held via videoconference, focused on the…
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May 31, 2023
Oman Seeks Investment in the Green Hydrogen Field
Seoul: Mohsin bin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, is leading a group of government and business agencies from Oman on a trip to the Republic of South Korea. The purpose of the visit is to improve the Sultanate of Oman’s investments in green hydrogen, oil, gas, and minerals in…
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May 30, 2023
Omantel signs MoUs with Government and Private Institutions at COMEX 2023
Muscat: Omantel is the main provider of integrated telecommunication services in the Sultanate of Oman. As part of its involvement in COMEX 2023, which is in its 32nd year, Omantel has signed memoranda of understanding and contracts with several government and private institutions. The goal is to give these businesses access to a wide range…
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May 29, 2023
Investment in Oman’s tourism sector to reach OMR3 billion by 2025
The Ministry of History and Tourism in Muscat said that between 2021 and 2025, a total of OMR 3 billion will be spent on Oman’s history and tourism. Also, the number of hotel rooms in Oman is expected to reach 33,000 by the end of 2025, according to the ministry. The ministry also said that…
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