News
Oman Banks Face Trust Test Amid AI Transformation: What It Means for Investors and Business Owners | Omanet
23+ hour, 30+ min ago (341+ words) MUSCAT, MAY 23 " Oman's banking sector must advance beyond mere digital transformation to develop trusted, AI-powered financial ecosystems, as technological innovation reshapes competition, customer behavior, and service delivery, stated Mustahil bin Ahmed al Mamari, CEO of the Oman Banks Association (OBA),…...
Suhar Industrial City Sees RO 105 Million Investment Surge: Implications for Business Growth in Oman | Omanet
1+ day, 3+ hour ago (236+ words) Suhar Industrial City Attracts 48 New Investment Projects by 2025 Suhar: The Public Establishment for Industrial Estates (Madayn) announced that Suhar Industrial City is set to welcome 48 new investment projects by 2025, with total investments exceeding RO 105 million. Additionally, Madayn is preparing to…...
Oman's Exploration of Sand-Based Thermal Energy Storage: What It Means for Future Energy Investments and Businesses | Omanet
1+ day, 2+ hour ago (374+ words) MUSCAT, MAY 23 " OQ Gas Networks (OQGN), the Sultanate of Oman's exclusive gas transmission operator, has partnered with Omani renewable energy startup AB Energy to advance a pioneering thermal sand energy storage project, one of the first of its kind in…...
OIA's 10-Fold ROI in US-Based Crusoe: Key Insights for Investors and Business Growth Opportunities | Omanet
1+ day, 5+ hour ago (338+ words) Oman Investment Authority Reports Exceptional Returns from Partial Exit in AI Infrastructure Company Crusoe Muscat, May 23 " The Oman Investment Authority (OIA) has announced remarkable returns following its partial exit from an investment in Crusoe, an American company specializing in artificial…...
Tesla's Latest EV Innovation: A Game-Changer for the Trucking Industry and Investors in Oman | Omanet
1+ day, 15+ hour ago (562+ words) Tesla's New Semi Truck: A Potential Game Changer in the Industry Since the launch of the Model Y Sport Utility Vehicle in 2020, Tesla has not debuted a major new product. However, early reviews of the Tesla Semi, an electric heavy-duty…...
Choosing the Best Tablet for Kids: Key Considerations for Investors in the Ed Tech Market | Omanet
1+ day, 21+ hour ago (357+ words) Recommendations for the Best Tablets for Kids After extensive testing and analysis, we highly recommend the 11th-generation i Pad as the premier choice for children's tablets. It stands out for its user-friendly interface, impressive performance, and a wide range of…...
Raysut Cement Returns to Profit Amid Gas Fee Concerns: What It Means for Investors and Business Owners in Oman | Omanet
1+ day, 23+ hour ago (381+ words) MUSCAT, MAY 22 " Raysut Cement Company SAOG has returned to profitability in the first quarter of 2026 after experiencing a prolonged period of financial difficulties. However, the company cautioned that significant gas-related liabilities and ongoing liquidity challenges raise substantial doubts about its…...
European Equities Steady Amid Mideast Peace Talks: Implications for Investors in Oman's Markets | Omanet
2+ day, 21+ hour ago (49+ words) European shares were little changed on Thursday after strong gains, with the STOXX 600 index flat at 620. 28 points. Investor sentiment remained fragile amid U. S. -Iran peace talks and rising bond yields. Economic data showed France's sector contracted at its fastest pace in…...
O-Green Secures Financial Close for 93 MW Solar Project: What This Means for Renewable Energy Investments in Oman | Omanet
3+ day, 3+ hour ago (46+ words) O-Green celebrated the financial close of a major solar project in Oman, a 93 MW plant in Suhar Industrial City, expected to power over 200 industrial facilities. With 150, 000 solar panels being installed, the project supports Oman's transition to clean energy and sustainability....
Gold Prices Ease Amid Higher Yields and Strong Dollar: What It Means for Your Investments in Oman | Omanet
2+ day, 20+ hour ago (338+ words) Gold prices dipped on Thursday, pressured by rising U. S. Treasury yields and a stronger dollar, although hopes for a resolution to the U. S. -Iran conflict helped limit the decline. As of 0611 GMT, spot gold was down 0. 3% to $4, 528. 03 per ounce. The metal had…...