Oman

Muscat: Musandam Global Investment Company and foreign partners signed a memorandum on Musandam Fish Farming Company’s binding business terms and incorporation papers. The agreement, which was signed at the Invest Oman Lounge, calls for an integrated marine fish farming project to be set up in open seas in the Musandam Governorate. The project is set to start this year, and its goal is to make more than 3,500 tonnes of different kinds of fish each year that can be sold in regional

Muscat: The Ministry of Economy has said that financial and economic indicators for 2022 and the first quarter of 2023 show that Oman’s economy has the ability to deal with problems and set itself up to grow and be competitive. The Undersecretary of the Ministry of Economy, Dr. Nasser Rashid Al Ma’awali, said that the current economic indicators are important wins for Oman’s economy and will have a positive effect on the way the economy grows. You will be interested on:

Muscat: The Small and Medium Enterprises Development Authority has announced that businesses can now apply to take part in the on-the-job training programme. This is the third time this programme has been offered, and its goal is to help job seekers find work in small and medium-sized businesses. You will be interested on: Business Setup Process in Oman “Nearly 1,200 Omani businesses were helped by the initiative last year,” the authority said. Workers in small and

Muscat: To develop a low-CO2 iron metallics project in the Special Economic Zone at Duqm (Sezad), the Public Authority for Special Economic Zones and Free Zones (Opaz) signed an agreement with Kobe Steel, a major steel manufacturer in Japan, and Mitsui & Co. At the ceremony, Kobe Steel and Mitsui also penned a memorandum of understanding (MoU) with the Centralised Utilities Company (Marafiq) to supply the project with water and power, as well as a land reservation agreement

Muscat: Four of Oman’s top banks made Forbes Middle East’s list of the 50 Most Valuable Banks for 2023. The rankings, which were released by Forbes Middle East on Monday, are topped by Bank Muscat, which is ranked 22nd. Sohar International Bank is ranked 45th, followed by Bank Dhofar (46th) and the National Bank of Oman (47th). Four Oman banks are listed among the Top 50 banks in the area, highlighting the group’s continuing progress. The biggest bank in the area is Al

Muscat: The Public Authority for Special Economic Zones and Free Zones (Opaz) has decided to establish an executive committee, led by Eng. Ahmed bin Hassan Al Deeb, Opaz Deputy Chairman, to oversee the development project of the Integrated Economic Zone in Al Dhahirah Governorate. The group is made up of a number of Opaz officials as well as representatives from the Saudi side, including the Saudi Development Fund, Economic Cities and Special Economic Zones Authority, and the Ministry

The Foreign Minister, Sayyid Badr Hamad Al Busaidi, met with the Foreign Minister of the Federal Republic of Germany, Annalena Baerbock, in Berlin. Sayyid went to Badr to take part in the Berlin Energy Transition Dialogue 2023. This meeting was part of that trip. At the meeting, they talked about how friendly and helpful the relationship between Oman and Germany is. You will be interested on: Updated Tax Guide doing Business in Oman At the meeting,