Featured InsurancePrice competition eroding UAE insurers’ profitability?IFM CorrespondentMarch 21, 2023March 21, 2023 by IFM CorrespondentMarch 21, 2023March 21, 2023 AM Best said that the future outlook for the UAE market, as well as its correspondents in Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, remains stable... Read more
Featured TelecomSaudi Telecom sees record revenue rise amid 2Africa cable announcementIFM CorrespondentFebruary 27, 2023 by IFM CorrespondentFebruary 27, 2023 Saudi Telecom Company has announced that the Meta-led 2Africa subsea cable will be coming to Bahrain... Read more
Featured Oil & GasMoody’s predicts another budget surplus year for OmanWebAdminJanuary 16, 2023 by WebAdminJanuary 16, 2023 Oman experienced its first USD 2.98 billion budget surplus in close to a decade in 2022, which is credit-positive, according to Moody’s... Read more
Economy FeaturedReal Estate to Metaverse: 8 sectors to invest in Middle EastWebAdminOctober 27, 2022 by WebAdminOctober 27, 2022 One of the main forces behind the Middle East economy is its infrastructure... Read more
Aviation FeaturedTRANSOM SATS, paving a new way for air cargo in OmanWebAdminDecember 8, 2021December 9, 2021 by WebAdminDecember 8, 2021December 9, 2021 The Covid-19 crisis proved that air cargo is one of the most critically important industries... Read more
Energy FeaturedSolar to account for 21% of Oman’s energy needs by 2030IFM CorrespondentNovember 18, 2021 by IFM CorrespondentNovember 18, 2021 Around 30% of the Sultanate’s energy needs will be met by renewable energy... Read more
Featured Ports and ShippingSohar Port in Oman to introduce bunkering servicesWebAdminSeptember 2, 2021 by WebAdminSeptember 2, 2021 Sohar Port and Freezone signed an agreement with Hormuz Marine... Read more
Featured Ports and ShippingOman’s largest port handles 2.1 mn containers during H1 2021WebAdminAugust 9, 2021 by WebAdminAugust 9, 2021 The Port of Salalah also handled 8.8 mn general cargo goods during the same period... Read more
Featured Ports and ShippingOman’s port of Duqm seeks operator for new container terminalWebAdminJuly 16, 2021 by WebAdminJuly 16, 2021 An international tender has been launched to grant a 30-year licence... Read more
Economy FeaturedOman’s GDP is projected to grow by 2.5%: IMFWebAdminJuly 7, 2021July 8, 2021 by WebAdminJuly 7, 2021July 8, 2021 The International Monetary Fund said the Sultanate’s overall GDP is projected to grow around 2.5% in 2021... Read more