News

In June, OQEP and its Block 47 partner, ENI Oman BV, secured an agreement with the Ministry of Energy and Minerals to extend ...
Muscat: The Finance and Insurance Committee of the Oman Chamber of Commerce and Industry (OCCI), chaired by Mustafa bin ...
Oman has introduced flexible foreign resident cards with 1–3 year validity options and extended Omani ID cards to 10 years, aiming to streamline renewals and benefit its large expatriate community.
Muscat: The Sultanate of Oman’s Foreign Ministry strongly condemned statements by the Israeli Prime Minister regarding what ...
Oman has reportedly begun offering flexible foreign resident cards with validity options of one, two or three years. For ...
Arabian Gulf Business Insight on MSN2h

Lower oil prices reduce profit at Oman’s OQEP

Oman’s second-biggest producer of crude, fell in the first half of 2025 due to a drop in oil prices. Net profit declined 11 percent to OR167 million ($434 million) in the six-month period from OR187 ...
The Sultanate of Oman, represented by Hydrom, the orchestrator of its national Green Hydrogen Strategy, has announce ...
Arabian Gulf Business Insight on MSN23h

Oman’s mining sector to receive $500m investment

Oman’s mining sector will receive a further boost with investment worth OR192 million ($500 million) aimed at exploration and industrial development. The ministry of energy and minerals has signed ...
Oman’s Hydrom has unveiled new fiscal incentives aimed at enhancing the commercial viability of projects in its third green ...
Oman has overhauled its residency permit system, introducing flexible validity durations and streamlined fees for expatriate residence cards. The Royal ...
The sultanate’s Ministry of Energy and Minerals has awarded exploration rights for mining concessions 11C, 51-G1 and 51-G2 to ...
The World Bank's International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over ...