Muscat Daily - An Apex Media Publication
WEBMuscat - Singapore-based Rex International Holding has announced that it has entered into a joint study agreement with the co-founders of European firm Helios Aragon to explore natural hydrogen in Oman. Helios Aragon, which aims to grow a high-quality global portfolio of natural hydrogen and helium projects, is the operator of the Monzon ...
MCSY launches Tamkeen to boost youth self-employment
WEB4 days ago · Muscat – Ministry of Culture, Sports and Youth (MCSY), represented by the Youth Centre, in collaboration with Oman Oil Marketing Company, has launched the second edition of the ‘Tamkeen’ programme aimed at empowering self-employed individuals. The programme is designed to equip young people with the skills necessary to transform their talents into viable sources of income as independent ...
Apple Pay launches in Oman, boosting digital payments
WEB5 days ago · Muscat – Apple Pay, premium digital wallet, officially launched in Oman on Tuesday, September 24, making it easier for users to make contactless payments with their iPhones, iPads, and Apple Watches. Major banks in Oman, including Bank Muscat, Sohar International, Bank Dhofar, and NBO, support Apple Pay, allowing users to add their debit or credit cards to the ‘Apple Wallet’ app.
Oman's nominal GDP grew 12.7% in 2021 - Muscat Daily
WEBFitch Ratings upgraded Oman’s outlook to ‘stable’ from ‘negative’ on Monday. Muscat – Oman’s nominal GDP – the gross domestic product at current market prices – recorded a robust 12.7 per cent growth during the first nine months of 2021, surpassing the pre-pandemic level. Supported by the government’s economic stimulus packages, reopening of economic activities and higher ...
Oman at 53: Voices of hope and ambition for a thriving nation
WEBNov 19, 2023 · As Oman celebrates its 53rd National Day, Muscat Daily readers share their aspirations for the country’s future. They envision a nation advancing in tourism, education, and infrastructure, embracing modernisation while upholding its rich cultural heritage. As Oman strides towards Vision 2040, these voices highlight the collective hope for a ...
Oman's economy seen growing 4% in 2022 as recovery picks up
WEBApr 3, 2022 · It estimates that Oman’s real GDP will grow by nearly 4 per cent in 2022, moderating to about 2.2 per cent on average over 2023-2025 period. ‘Higher oil prices and production, about 90 per cent double-dose vaccination rates for those 18 years and above, removal of pandemic-related measures, and public investment spending will drive stronger ...
$1.3bn waterfront project to give facelift to Muscat - Muscat Daily
WEBMar 11, 2024 · Muscat – The Ministry of Housing and Urban Planning (MoHUP) has revealed plans for a US$1.3bn Al Khuwair Muscat Downtown and Waterfront Development project, which is likely to give a major facelift to the capital city. Designed by Zaha Hadid Architects (ZHA), the project will come up on a 3.3mn sqm of land, officials informed. The sustainability-led design prioritises the well-being of ...
Oman-China trade hits record high of $40.45bn - Muscat Daily
WEBFeb 1, 2024 · Muscat – The Ambassador of the People’s Republic of China to the Sultanate of Oman, H E Li Lingbing, has stated that relations between the two nations have witnessed remarkable development in various fields. At a media briefing held by the Chinese Embassy in Muscat on Wednesday, H E Lingbing said, “I would like to briefly summarise the cooperation between the two countries since the ...
Oman achieves remarkable fiscal turnaround - Muscat Daily
WEBJan 9, 2024 · Muscat – Under the wise leadership of His Majesty Sultan Haitham bin Tarik, Oman has successfully achieved a remarkable turnaround in its fiscal situation and notable accomplishments across social and economic sectors, despite global economic challenges over the past three years. The government’s efforts in controlling spending, coupled with measures to enhance spending efficiency and ...
Oman's economy back on growth path - Muscat Daily
WEBAug 7, 2021 · The World Bank said Oman’s economy is expected to bounce back strongly in 2022 with 6.5 per cent growth, the fastest growth among the GCC countries. The sultanate’s economy, as per the bank, is expected to grow by 4.2 per cent in 2023. The COVID-19 pandemic and the decline in global oil demand and prices dealt the GCC countries a health ...