Oman’s Bank Nizwa has announced that it had successfully closed the 10th series of local currency sovereign sukuk worth RO200 million ($519 million), thus highlighting the bank’s expertise and leadership in Islamic finance and investment banking.
Oil production in Oman recorded a 0.4 per cent increase by the end of November 2025, reaching approximately 333,940,700 barrels compared to 332,693,800 barrels during the same period in 2024, according to the latest preliminary data issued by the National Centre for Statistics and Information (NCSI).
Petrojet, a key Egyptian oil and gas EPC (engineering, procurement, construction) contractor with a significant presence in Abu Dhabi, has announced that it has won a EPC contract worth $273 million to build a 193km natural gas pipeline in Oman.
Hotel revenues in Oman rose by more than 18% year-on-year between January and September 2025 to reach a new nine-month high of OMR193.4 million ($505 million), according to a real estate advisory and property consultancy, Cavendish Maxwell.
Waaree Solar Americas has signed a binding term sheet to invest $30 million in Oman-based United Solar Holding (United Solar) through Series B preferred shares, alongside a long-term polysilicon offtake agreement to support Waaree’s global solar manufacturing operations, and in particular US operations.
Oman and India have signed a Comprehensive Economic Partnership Agreement (CEPA) in Muscat, laying the framework for a significant expansion of trade, investment and services cooperation between the two countries.
Saudi Arabia’s national carrier Riyadh Air has officially appointed Khimji’s Travel & Tourism, a key unit of Khimji Ramdas Group, one of the reputed business houses in Oman, as its exclusive distribution and sales partner in the sultanate.
Indian Prime Minister Narendra Modi arrived in Oman today (December 17) for a two-day visit, marking a significant milestone in the long-standing friendship between India and Oman.
A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
AtkinsRéalis, a leading engineering services company, recently hosted a key event in capital Muscat to examine how Oman can meet surging AI economic development-led electricity demand through a balanced mix of nuclear, renewables, AI-ready grids and storage.
