Oman's state-owned logistics firm Asyad Group plans to offer investors shares in its shipping unit through an initial public offering (IPO), it said on Wednesday, as part of the Gulf country's privatisation strategy.

The two Mexicans had been held for over a year after Houthis rebels hijacked their commercial ship, the Galaxy Leader, in Yemen.

Oman's former national team player Abdul Salam bin Amer Al Mukhaini passed away on Tuesday, Jan. 21, at the age of 37.Read More: Oman’s Sultan Congratulates Trump on His Inauguration He was also a player for the Dhofar Club.

Oman has signed 21 mining concession deals and two seawater salt production agreements in recent years, with exploration investments totaling $86 million. The Ministry has also opened six new concession areas via its digital platform “Taqa,” targeting key minerals like copper, chromium, nickel, silica, and kaolin.

A first-ever taxi service operating on hydrogen-powered cars will be launched in the Sultanate of Oman during the

Oman has achieved a remarkable improvement in its economic fundamentals. The fiscal and external positions have strengthened significantly, while nonhydrocarbon growth is picking up amid low inflation.

Muscat: France’s EDF Renewables and Korea Western Power Co Ltd (KOWEPO) shareholders of Wadi Noor Solar Power Company SAOC [MANAH 1]; together with the procurer Nama Power and Water Procurement Company (NAMA PWP) have launched Oman’s largest solar power plant Manah I during an official ceremony.

The steel industry is critical to global development, driving infrastructure, manufacturing, and economic growth. Among the emerging players in this sector are Oman steel makers and Vietnam’s steel industry.

The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation with Oman on January 14 and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.

Oman launched its first marine recirculating aquaculture system project as the Middle Eastern country significantly expands its fisheries sector

Oman-based SaaS provider Sampo AI has closed its pre-seed funding round, securing $750,000 co-led by Omantel Innovation Labs and

Asyad Group, a logistics business owned by Oman’s sovereign wealth fund, has announced plans to float its shipping unit on the Muscat stock exchange. At least 20 percent of Asyad Shipping Company will be sold in the initial public offering.