News and Events
May 1, 2021
May 1, 2021
Thawani Technologies recently signed a strategic partnership agreement with BankDhofar to provide Thawani with a support platform to protect, implement and provide digital payments services in the Omani market. This agreement is the first of its kind in Oman after Thawani obtained a payment service provider license from the Central Bank of Oman, as these products will contribute to meeting the growing demand for electronic services and....
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April 28, 2021
April 28, 2021
Mr. Nawaf Al-Kooheji, CEO of Tenmou, revealed; The first company to work with the concept of "angel investment" in Bahrain. The company has invested, over ten years since its inception, about $ 1.5 million in 25 startups operating in various fields with promising growth prospects. Al-Kooheji said in a statement on the occasion of the 10th anniversary of the founding of "Tenmou" that the company is currently focusing on...
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April 27, 2021
April 27, 2021
The Small and Medium Enterprises Development Fund "INMA", represented by the Oman Academy for Small and Medium Enterprises, signed a partnership agreement between the Small and Medium Enterprises Development Authority, the National Bank of Oman and the Paradigms Consulting company, to implement a training program in the field of financial technology, within the...
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April 26, 2021
April 26, 2021
The Union of Chambers and Commodity Exchanges of Turkey (TOBB) announced in a recently published statement that the number of newly established startups in Turkey increased by 15 percent year-on-year in the first quarter of 2021.
This statement showed that 32064 Turkish startups were established in the first three months of the year 2021, while 27,908 companies were established in the same period last year 2020.
On the other hand...
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April 21, 2021
April 21, 2021
The emerging global technology company (ETCO) announced the launch of its Internet of Things platform “Beyond” in the Sultanate of Oman. Through tripartite cooperation with DataMount and Hyperthink Systems, the new platform “Beyond” aims to ...
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February 15, 2021
February 15, 2021
The Public Institution for Industrial Estates in the Sultanate of Oman "Madayn" has signed an agreement with the National University of Science and Technology.
According to this agreement, "Madayn" and the university will encourage start-ups, incubate student projects at the university, provide technical and ...
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February 9, 2021
February 9, 2021
The Qatar Financial Center seeks to attract $ 25 billion in foreign direct #investment by 2022
The Qatari capital, Doha, competes with the most prominent global financial centers in the region, including the financial center in Dubai in the United Arab Emirates as well as in the Saudi capital, Riyadh.
Dubai's financial center was ...
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January 4, 2021
January 4, 2021
Pioneer Investors International LLC is now listed in OSH (Oman Startup Hub) ecosystem...
Funding local startups is the primary goal of the company for a promising presence in the future of the investment section of the Sultanate of Oman.
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January 2, 2021
January 2, 2021
The budget of 2021 for the Sultanate of Oman is a contraction compared to the last year, as the level of government revenues decreased from 10.7 billion Omani Rials to 8.6 billion. On the other hand, the costs will decrease from 13.2 billion in 2020 to 10.9 billion Rials in the new year.
For this reason, a more difficult economic conditions in 2021 compared to 2020 is predictable, as the amounts of global borrowing to cover the deficit accumulated over the past few years on the macroeconomic structure.
A short-term strategy would be more encouragements toward foreign investment. Therefore, it's vital for the country to make it more appealing for investors to consider Oman as their next destination.
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