Category: News

News
Bibop Gresta, Chairman, HyperloopTT and Talal Al Dhiye bi, CEO, Aldar sign historic agreement (PRNewsfoto/Hyperloop Transportation Techno)
HyperloopTT Moves Forward with First Commercial Hyperloop System in the UAE

  Hyperloop Transportation Technologies (HyperloopTT) and Aldar Properties signed a historic agreement for the world’s first commercial Hyperloop system of 10km in critical development area between Abu Dhabi and Dubai. The agreement will allow HyperloopTT to start construction of a Hyperloop system as well as HyperloopTT’s XO Square Innovation Center, and a Hyperloop Visitor Center. […]

Industry
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SOHAR Signs SUA with Sohar Flour Mills

  Highlighting the growing emphasis on national food security, SOHAR Port and Freezone have signed an agreement with Sohar Flour Mills (SFM) for the lease of a 10-hectare plot within the Port area for the construction and management of 12 grain storage silos, each boasting a storage capacity of 13,000 tonnes. Under the terms of […]

ECONOMY
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IMF forecasts 3.7 percent growth in Oman’s real GDP for 2018

A recent report published by Thomson Reuters News Agency has said that as per the forecast growth rate, the budget deficit and the status of the balance of payments, the Omani economy is expected to perform well in 2018. The agency said that its forecast is supported by data published by the International Monetary Fund […]

Industry
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Raysut Cement considers foraying into Georgia

Raysut Cement Company, the largest producer of cement in Oman, is considering building a cement plant in Georgia with an annual capacity of one million tonnes. Company CEO Joey Ghose announced that the Board of Directors had approved an initial study for the purpose in Georgia, where Raysut Cement owns a mine with more than […]