Can algae fuel Oman’s future? New partnership

UK biotechnology firm HutanBio has signed a strategic partnership with Utopia World Investment and its biofuel arm Wakud International to explore large-scale algae-based fuel production in Oman, positioning the Sultanate as a potential regional hub for next-generation sustainable energy.

Muscat Stock Exchange drops 21 points

Muscat Stock Exchange (MSX) ‘30’ index closed today at 7,938.66 points, marking a decrease of 21 points, or 0.26 percent, compared to the last trading session, which closed at 7,959.72 points.

Sohar International named strategic partner for

Under the agreement, Sohar International will provide integrated support for the season’s activities and platforms.

Inflation in Oman rises by 3.2% in April 2026

Data issued by the National Centre for Statistics and Information (NCSI) indicated that the average inflation rate during the period from January to April 2026 rose by 2.6 percent.

Bank Muscat launches instant Digital Debit Card

The Digital Debit Card is a digital only variant of a regular debit card which can be used to make online cashless transactions through e-commerce platforms or by tokenizing their card for payments via Apple or Samsung Pay, enabling quick tap-and-pay transactions at any point-of-sale terminal.

Oman’s digital insurance premiums rise 35.5%;

Audited financial statements of insurance companies showed that total insurance revenue increased to RO 501.6 million in 2025, compared to RO 483 million in 2024, representing growth of 3.86%.

Credit Oman and Mamun for Financial Technologies

The agreement was signed on behalf of Credit Oman by Haitham bin Abdullah Al-Ya’qoobi , Acting Chief Executive Officer, and on behalf of Mamun by Saleh Al Tamami, Chief Executive Officer.

OCCI and Riyada participate in the 22nd

The participation also enables Omani companies to benefit from the events, programs, and workshops accompanying the exhibition, which specialize in franchising and investment fields.

Oman’s SMEs go global at International

The Oman Chamber of Commerce and Industry (OCCI), in collaboration with the Small and Medium Enterprises Development Authority “Riyada”, has launched its participation in the 22nd International Franchise Exhibition in New Delhi.

OQEP defies oil slump with RO 296 million Q1

OQ Exploration and Production recorded revenues of approximately OMR 296.4 million during the first quarter of 2026.

Inma powers 2,000+ Omani SMEs with massive RO 215

Oman’s Small and Medium Enterprises Development Fund, “Inma”, has funded 2,061 SME projects with a total value of around RO 215 million since its establishment until the end of April 2026.

Oman’s insurance sector sees profits jump 36%

Oman’s insurance sector posted strong financial growth in 2025, with revenues, profits, and investment returns all recording significant increases.