A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
ConnsectAccording to the National Centre for Statistics and Information, the inflation rate in Oman increased by 1.1% in August 2024 compared to the same period in 2023, based on the 2018 base year. Changes in the Prices of…
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AIx, a subsidiary of Emaar Groups Oman, has launched LAMx, the first Large Action Model in Oman. This advanced AI system moves beyond traditional data analysis, executing complex tasks autonomously and offering transformative solutions across various industries. LAMx…
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The Oman Vision 2040 Implementation Follow-up Unit has released its third annual report, focusing on the actual performance of government agencies and efforts made in various economic and development sectors during 2023. Dr. Khamis bin Saif al Jabri,…
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By the end of June 2024, the total number of Small and Medium Enterprises (SMEs) registered in Oman reached 141,126, according to the Authority of Small and Medium Enterprises Development (ASMED). The report reveals that more than 120,000…
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The Apple Pay service has officially launched in the Sultanate of Oman, allowing all users to add their debit or credit cards to their digital wallet. The banks supporting Apple Pay in Oman include Bank Muscat, Sohar International,…
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Travellers at Muscat International Airport can now pay for parking more easily and efficiently, thanks to a new QR code system. This innovative feature allows users to simply scan the QR code printed on their parking ticket with…
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OQ Exploration and Production (OQEP), a key subsidiary of the OQ Group and affiliated with the Oman Investment Authority (OIA), is preparing to launch the largest initial public offering (IPO) in the history of the Omani capital market.…
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The Ministry of Commerce, Industry, and Investment Promotion in Oman has announced that businesses which have ceased operations or failed to renew their commercial records will be delisted from the commercial register. This decision aims to regulate the…
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The number of electric vehicles (EVs) in Oman has seen a 300% increase in 2024 compared to the previous year, growing from 550 vehicles in 2023 to 1,500 in 2024. Eng. Khamis bin Mohammed Al Shamakhi, Undersecretary of…
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A new petrochemical plant dedicated to producing maleic anhydride, a key intermediate in the production of renewable plastics, is currently in the initial stages of development at the Salalah Free Zone (SFZ) in Dhofar Governorate. Supported by Al…
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