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ICAI Muscat Chapter AGM 2024: New Managing Committee Set to Drive Business Growth and Opportunities in Oman

The ICAI Muscat Chapter, sponsored by the College of Banking and Financial Studies, held its AGM on May 4, highlighting leadership transitions, professional initiatives, and ethics-focused CPE sessions, reinforcing its commitment to excellence and member development in Oman's…

Oman’s New Low-Carbon Transition Strategy: Key Opportunities and Impacts for Investors and Businesses

The Ministry of Energy and Minerals in Oman launched the updated National Zero Neutrality Plan and regulatory framework for carbon markets to achieve zero carbon neutrality by 2050. The plan promotes green industries, reduces emissions, and aims to boost the economy by creating…

Oman’s First 24/7 Renewable Energy Project: Implications for Investors and Businesses

Nama Power and Water Procurement Company is set to initiate Oman’s first large-scale Round-the-Clock renewable energy project, integrating solar, wind, and battery storage. This landmark project aims to deliver around 1,000 MW, enhancing reliability and supporting future clean…

ROP Busts Theft Racket: Essential Security Tips to Protect Your Business in Oman

The Royal Oman Police uncovered a gang of Arab women involved in burglaries across Muscat, using begging as a cover. In broad daylight, they targeted homes by accessing doors without causing damage, relying on spare keys left carelessly by residents, leading to thefts exceeding…

Trump-Xi Talks: Five Key Takeaways Every Investor Must Know for Strategic Decisions

Trump's visit to China to meet Xi Jinping could shape future cooperation between the world's biggest economies. Amid trade, tech, and security tensions, global markets will watch closely for signals on semiconductor controls, Taiwan risks, and stability, with key US CEOs…

Impact of Steel Tariffs on Tin Can Manufacturers: How Rising Costs Affect Food Prices and Your Business

President Trump's tariffs on steel are impacting the can-making industry, increasing costs for American manufacturers. Despite attempts to boost domestic production, can makers remain reliant on imported tin plate, which is now more expensive. Prices for canned goods have risen…

India Raises Gold and Silver Duties: Key Impact on Investors and Traders Amid Rupee Decline

India has raised import tariffs on gold and silver to about 15% from 6% to support the rupee and foreign currency reserves amid the Middle East war. PM Modi urged citizens to avoid buying gold for a year as the rupee’s slide worsens and crude oil prices spike due to the crisis.

Accelerating Oman’s AI Economy: What the World Bank’s Call Means for Investors and Businesses

Oman has built a strong digital and cybersecurity foundation but faces the challenge of turning it into a competitive AI economy. Despite progress, Oman lags behind GCC neighbors in AI investment and adoption. Success hinges on agility, private sector involvement, and data…

HM Visit Signals Strong Support for Oman’s Energy Sector: What It Means for Investors and Entrepreneurs

His Majesty Sultan Haitham bin Tarik inaugurated PDO’s Integrated Operations Centre at Bait Al Haitham, advancing Oman’s energy sector through digital transformation and innovation under Oman Vision 2040. The center monitors oil, gas, and power assets, promoting operational…

Understanding Merger Compliance Rules: Key Insights for Investors and Business Owners in Oman

MUSCAT: The Competition Protection and Monopoly Prevention Centre hosted a workshop in Muscat focusing on economic concentration applications. It aimed to enhance compliance with competition regulations, featuring discussions on legal frameworks for mergers and acquisitions,…

Carbon Recycling Study for Duqm Steel Project: Implications for Sustainable Investment in Oman

UK-based PeroCycle has been commissioned by Jindal Steel Oman to assess its carbon recycling technology for deployment at a low-carbon DRI complex in Duqm. This initiative aims to transform emissions into a resource, potentially setting a new standard for low-emission steel…

Be’ah Unveils Industrial Investment Opportunities: Key Insights for Investors and Entrepreneurs in Oman

Oman Environmental Services Holding Company (be’ah) announced industrial investment opportunities to boost manufacturing, reduce import reliance, and enhance supply chains. Key projects include local production of geosynthetic materials and healthcare waste disposal containers…

Bank Nizwa Appoints New CEO: What This Means for Sustainable Growth and Innovation in Oman’s Banking Sector

Bank Nizwa appoints Tariq Atiq as CEO, emphasizing Omani talent and growth. Tariq, with 25+ years in banking, led Oman's 1st e-commerce gateway and digital projects. Educated in the US and France, he drives innovation and excellence in Islamic banking.

ROP Alerts Job Seekers: How Fraudulent Recruitment Ads Could Impact Your Business Opportunities in Oman

The Royal Oman Police (ROP) warned the public about a new wave of electronic fraud targeting job seekers. Scammers are using digital platforms to promote fake job opportunities attributed to the ROP. Citizens are urged to verify recruitment ads through official channels.