Thursday, October 23, 2025
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Oman

Al Jazeera Steel posts 77pct YoY profit surge in Jan-Sep 2025

Oman-based Al Jazeera Steel Products Co. SAOG reported a 77pct YoY jump in net profit for the first nine months of 2025, according to...

Indian renewable energy firm considers green DRI project in Oman

India's ACME Group, a leading renewable energy and green ammonia developer, is considering Oman as the site for a new low-carbon Direct Reduced Iron...

Muscat to host Arab Steel Summit as industry faces global shifts

The global steel sector is navigating a period of significant change, with tariff measures, market restrictions, and the introduction of the Carbon Border Adjustment...

PWP signs deal with Masdar-led consortium to develop solar and battery storage project

Nama Power and Water Procurement (PWP) has signed an agreement with a consortium led by Abu Dhabi's Masdar, alongside Al Khadra Partners, Korea Midland...

Jindal Steel Duqm orders second hydrogen-ready DRI plant

Jindal Steel Duqm, a subsidiary of Jindal Steel Group, has placed an order with Danieli for a second hydrogen-ready direct reduction plant to produce...

MTCIT to build green ship recycling facility

Oman will establish the region's first integrated green ship recycling facility in Khatmat Malaha, North Batinah, aligning with its 2050 net-zero strategy. The project,...

Hassan Allam wins major water supply project in Muscat

Hassan Allam Holding announced that its subsidiary, Hassan Allam Construction, has been awarded a contract to build a major water supply and wastewater system...

Hafeet Rail receives first rail shipment from ArcelorMittal

Hafeet Rail has received its first shipment of railway tracks for the Oman-UAE Railway Network, marking a key milestone in the project's progress. The...

Al Jazeera Steel reports strong growth in profit and sales in H1 2025

Al Jazeera Steel Products Co. posted a 60pct YoY increase in net profit for the first half of 2025, reaching OMR 4.12 mln (USD...

Vale Oman’s iron ore pellet output declines in Q2

Vale's iron ore pellet production in Oman fell nearly 32pct YoY in Q2 2025 to 1.744 mln tons, though it rose 9.3pct compared to...

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