Latest news with #sultanate
Zawya
03-07-2025
- Business
- Zawya
OBG report highlights Oman's economic transformation
Muscat – A global research and consultancy firm together with Oman Investment Authority (OIA) has appreciated the sultanate's efforts to accelerate economic diversification through targeted investment in high-impact sectors. This analysis was done by Oxford Business Group (OBG), which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms. OBG together with OIA published an advisory report on the basis of their market analysis titled Oman's Strategic Vision: The Role of Future Fund Oman in Economic Transformation. The report explored how the sultanate leveraged strategic funding mechanisms and robust governance frameworks to spur economic diversification, foster sustainable growth and strengthen its appeal as a regional business and investment destination. It considered how collaborative partnerships are enhancing competitiveness and positioning Oman as a future-ready economy in line with the national development objectives outlined in Oman Vision 2040. Key sectors identified in the report are green energy, tourism, ICT, manufacturing, ports and logistics, mining, fisheries and agriculture. The publication highlights the pivotal role being played by Future Fund Oman (FFO) in supporting economic transformation by backing projects that promote innovation, job creation, and the development of small and medium-sized enterprises (SMEs) and venture capital (VC) firms – which combine to underscore OIA's role as a strategic partner in unlocking the sultanate's potential. Abdulsalam al Murshidi, President of OIA, shared his insights on the country's investment priorities and the pivotal role of FFO. 'Oman's investment attractiveness has improved in recent years, driven by strategic initiatives under Oman Vision 2040 which aim to diversify the economy beyond oil and gas. Sectors such as logistics, manufacturing, mining, renewable energy and tourism have been prioritised to create a more resilient and sustainable economic landscape.' Dana Agarbicean, OBG's Country Director for Oman, said the report highlights the evolving role of targeted financing in supporting diversification efforts. 'The sultanate is taking steps to ensure that funding contributes to long-term competitiveness, particularly in high-potential sectors. FFO plays a key role in this process by supporting SMEs, VC firms and start-ups that are contributing to innovation and job creation,' she noted. Oman's Strategic Vision: The Role of Future Fund Oman in Economic Transformation includes relevant case studies and an exclusive interview with the President of OIA, offering further insight into FFO's objectives, investment strategy and role in advancing Oman Vision 2040. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
12-06-2025
- Health
- Zawya
Oman: Rising temperatures prompt health ministry to warn against heat stress
Muscat – With the mercury climbing across the sultanate, the Ministry of Health has issued a renewed call for public caution, highlighting the risks associated with heat stress. As part of its nationwide 'Safe Summer' awareness campaign, the ministry is encouraging residents to stay informed and take early action to protect themselves during the sweltering summer months. The awareness campaign aims to educate the public on staying healthy and safe during extreme heat conditions. According to the advisory, early signs of heat stress may include profuse sweating, fatigue, intense thirst, and mild headaches. Other symptoms to watch for are nausea, dizziness, difficulty concentrating, irritability, muscle cramps, a rapid heartbeat, and noticeable changes in skin condition, such as redness or warmth. In some cases, individuals may develop cool or moist skin with slight paleness. An elevated body temperature, typically ranging between 38 and 39.5 degrees Celsius, is also a key indicator. The ministry has urged the public to seek shade, stay well hydrated, and avoid strenuous outdoor activities during peak heat hours to reduce the risk of heat-related illnesses. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
