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.

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 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.

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

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.

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.

Asyad Group SAOC, backed by Oman’s sovereign wealth fund, unveiled plans for the initial public offering of its shipping unit, as the sultanate pushes forward with its privatization drive. Most Read f

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 new $2.6 billion Smart City in Oman challenges Dubai’s urban model with low-rise buildings and sustainable design.

In Oman’s diverse and multicultural society, Best astrologer in Oman Acharya Indravarman stands out as a beacon of hope and wisdom. His unique blend of traditional knowledge, modern accessibility, and personalized care makes him the ideal choice for those seeking astrological guidance.

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.