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Salalah Free Zone, Al Naqbi Holding ink $10mn food processing unit...

Salalah Free Zone Company (SFZCO) and Al Naqbi Group Holding have signed an OMR3.8mn ($10mn) agreement to set up a food processing unit within...
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India’s GDP drops to more than 6-year low of 5% in...

India’s economic growth has slowed down to a six-and-a-half year low 5% in the April-June quarter of financial year (FY) 2019-20, due to a...
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Bank Nizwa, Raysut Cement Company ink OMR19.5mn finance agreement

Bank Nizwa, the Sultanate’s leading Islamic banking and financial solutions provider, signed an OMR 19.5mn deal for Shari’a-compliant financing facilities with Raysut Cement Company...
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XMG introduces heavy machinery series specifically for the Middle East

XCMG, a well-known Chinese multinational heavy machinery manufacturer, launched its new product line up catering to the Middle East market at a function in...
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Logistics giant Panalpina sets up office in Oman

Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
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Oversaturated Market – A Threat to Oman’s Economy

While the Sultanate is fast at addressing its economic diversification agenda under the Tanfeedh program, the looming issue of an oversaturated Omani market does...
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Oman’s Drop in Imports and Rise in Self-Sufficiency

Oman’s heavy reliance on the oil and gas sector for its economy might dissuade soon. As part of its Tanfeedh initiative, the Sultanate has...
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Slow Transition to Electric Fells BMW’s CEO After Just One Term

(Bloomberg) -- When BMW AG picked Harald Krueger to run the company more than four years ago, he was the perfect candidate. Young, with a...
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Sohar: Oman’s Gateway to Globe

Sohar is currently experiencing significant investment and economic shifts making it the focus of attention to many local and international investors and businessmen   With its...
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Schneider Electric ranked 11th in Supply Chain Top 25

The Gartner Supply Chain Top 25 has ranked Schneider Electric 11th for 2019. They have also received the Gartner’s 2019 Industrial Manufacturing Supply Chainnovator...
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