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Oman: the next hydrogen energy superpower

With lengthy daytime sun, strong overnight winds and an accessible coastline, H2 investors and developers have long admired Oman, dubbed a “future renewable superpower,” by green energy titans. The government has noticed their admiration, and is looking to hydrogen to help power the oil-rich country’s energy grid and recharge its fossil fuel-reliant economy.  Since announcing […]

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Omani leader meets with Russian Foreign Minister in Muscat

Oman’s Sultan Haitham bin Tariq met with Russian Foreign Minister Sergei Lavrov in Muscat today, as the Russian politician toured the Sultanate. During the meeting, Lavrov conveyed the greetings of President Vladimir Putin of the Russian Federation to Sultan Haitham and wished the Omani people continued progress and prosperity, praising the country’s wisdom in dealing […]

Oil prices in the Gulf climbed above $100 a barrel following Russia's invasion of Ukraine. Picture: Creative Commons

Sharp oil rise swings Oman budget into the black

Oman’s budget recorded a surplus of 357 million rials ($929.7 million) by the end of the first quarter, boosted by a more than 70 percent rise in oil revenue as output and prices surged, finance ministry data showed. That compared with a deficit of 751 million rials in the same period a year earlier, the […]

Could crowdfunding seed the Gulf’s next Unicorn?

Democratised funding is set to breed a new generation of innovative regional businesses, say experts Crowdfunding, the alternative funding concept, represents an exciting reality in the Gulf region following a flurry of regulatory reforms. This innovative practice of funding a venture by raising smaller amounts of money from a large number of people is a […]

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Oman’s wealth fund splits assets into two portfolios

The Oman Investment Authority has split its assets into local and foreign portfolios, the state news agency said on Sunday. Abdulsalam al-Murshidi, head of the Omani Investment Authority, said the “Generation Portfolio”, which consists of foreign assets and some local assets in various instruments including public and private markets, in addition to realestate, aims at […]

Oman’s sovereign wealth fund splits into two portfolios

The Oman Investment Authority (OIA) has split its assets into local and foreign portfolios. The “Generation Portfolio” consists of foreign assets including real estate aims at achieving the greatest returns for future generations. The “National Development Portfolio” is concerned with managing local assets and more than 160 Omani companies, and aims to contribute to the […]