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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 30, 2023
What are the advantages of free zone in SOHAR?
Sohar Free Zone (SFZ) is one of the most popular free zones in the Sultanate of Oman. It is located in the Sohar Industrial Port, which is the largest industrial port in the country. SFZ offers a number of advantages to businesses, including: Advantages of Free Zones in Sohar The advantages of free zones in…
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June 26, 2023
How to Set Up a Business in Oman Free Zone
Oman is a Middle Eastern country on the Arabian Peninsula. It is a relatively small country, but it has a large economy and is a major trading hub. Oman has a number of free zones, which are special economic zones that offer businesses a number of benefits, such as tax breaks, customs exemptions, and simplified…
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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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May 18, 2023
Why Setup Business in Oman
Oman is an ideal country for long-term business and investment opportunities. There are several reasons why setting up a business in Oman can be beneficial: You will be Interested on : Business Setup Service in Oman Strategic location: Oman is strategically located and has been engaged in overseas trading for centuries. Diversified Economy: Oman has…
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April 28, 2023
Oman’s Sultan introduces changes to laws regulating the marriage of Omani citizens to foreigners
This new law shows how Oman’s views on mixed marriages are changing. On Sunday, Sultan Haitham bin Tarik of Oman signed a royal decree that made major changes to the country’s rules about Omani citizens getting married to foreigners. The Royal Decree No. 23/2023 cancels and replaces the Royal Decree No. 58/93 and any linked…
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