Galfar Engineering & Contracting Company Sustains Growth Momentum Amidst New Contract Awards
Galfar Engineering & Contracting Company, Oman’s leading construction firm, has experienced a notable increase in its order book, reaching RO579mn by the end of 2023 due to fresh contract awards.
Bank of England Faces Pressure Over Climate Alignment
The call for the Bank of England to intensify its efforts in aligning the financial sector with climate objectives has garnered attention from economists and environmental advocates.
Omantel and CCED Forge a Strategic Alliance to Revolutionize Oman’s Energy Sector
The strategic alliance between Omantel and CC Energy Development (CCED) signals a significant step forward in Oman’s energy sector transformation.
Canada Conducts National Security Review of TikTok’s Expansion Proposal
Canada’s decision to conduct a national security review of TikTok’s expansion proposal reflects growing concerns about the potential risks associated with the popular short-video app’s operations within the country
Bank of England’s Interest Rate Resolution: An Peek into Monetary Policy Direction
The Bank of England (BoE) faces a critical juncture in shaping monetary policy. Chief Economist Huw Pill’s cautious remarks reflect the BoE’s deliberative approach, aligning with global financial trends.
Masirah Oil Expands its Offshore Operations with a New Drilling Rig Contract
With plans to commence a multi-well program in mid-March 2024, Masirah Oil is poised to enhance production capabilities in the Yumna Field.
Challenges Mount for the Bank of England:Questions Arise Over the Reliability of Economic Forecasts
As the Bank of England’s forecasting models are reviewed by former Federal Reserve Chair Ben Bernanke. Critics argue that “inflated” job titles and a narrow outlook have hindered the Bank’s ability to rein in rampant inflation following global disruptions.
Overcoming Boundaries: Oman’s Polysilicon Plant Reaches $1.35 Billion Milestone
Oman Investment Authority initiates a $1.35 billion polysilicon plant at Sohar Freezone, targeting completion by 2025. United Solar Polysilicon (FZC) SPC leads the project, aligning with Oman Vision 2040’s economic diversification goals.
Canada’s International Student Cap Sparks Concerns in Ontario and British Columbia
Canada’s decision to implement a two-year cap on international student permits, reducing the total to approximately 360,000, is causing apprehension, particularly in Ontario and British Columbia (BC)
Morocco Accelerates Towards Automotive Excellence with Ambitious Targets
In line with the global shift to electric vehicles, Morocco is prioritizing the development of charging infrastructure, aligning with the European Union’s vision of banning traditional fuel cars by 2035. The nation’s automotive market exhibited resilience, with new vehicle sales experiencing a marginal 0.1% increase in 2023, reaching 161,504 units.
