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☆ Oman's drilling services firm Abraj plans March listing on Muscat exchange
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +2 min

Jan 22 (Reuters) - Oman's oil and gas drilling services firm Abraj Energy Services plans to list up to 49% of its shares on the Muscat stock exchange in March through an initial public offering (IPO), a company statement said on Sunday. The IPO forms part of an exit plan recently announced by sovereign wealth fund, the Oman Investment Authority (OIA), the state news agency said. State energy company OQ, the selling shareholder, is wholly-owned by the OIA, which expects to exit eight investments in 2023 to generate about $1.3 billion. A diversified oil and gas services firm, Abraj is the largest drilling contractor in Oman with a market share of almost 30 percent. States such as Qatar and Oman are now seeking to capitalise on investor appetite for Gulf IPOs and compete with more active regional exchanges.

☆ Saudi shares make positive start to 2023
▼ + stars: | 2023-01-01 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +1 min

Jan 1 (Reuters) - Saudi Arabia's stock market rose on Sunday, starting 2023 on a positive note in line with the country's economic forecast, while region's other major markets were closed and many investors absent because of year-end holidays. The kingdom approved a 1.114 trillion riyal ($296.39 billion)- budget for 2023, forecasting a surplus at 0.4% of gross domestic product, down from an expected 2.6% in 2022. Saudi Arabia's benchmark index (.TASI) rose 0.7%, with oil behemoth and index heavyweight Saudi Aramco (2222.SE) increasing 0.9% and Sulaiman Al-Habib Medical Services (4013.SE) advancing 1%. In Oman, the stock index (.MSX30) gained 0.8% as Aluminium Bahrain (Alba) (ALBH.BH) jumped 3.8% while Bahrain Telecommunications (Batelco) (BTEL.BH) was up 3.2%. read more($1 = 3.7585 riyals)Reporting by Shamsuddin Mohd in Bengaluru; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ Japanese Companies Reach Natural-Gas Deals With Oman, U.S.
▼ + stars: | 2022-12-27 | by ( Peter Landers | Chieko Tsuneoka | ) www.wsj.com time to read: 1 min

Jera, which has this LNG-fired power plant in Japan’s Chiba prefecture, and two other companies have agreed to purchase over two million tons of LNG annually from Oman. TOKYO—Japanese companies said they reached deals with Omani and U.S. producers for mid- to long-term natural-gas supplies, a move to lock up the fuel after turmoil this year caused by Russia’s invasion of Ukraine. The deals signal the renewed importance of relatively stable producers of liquefied natural gas or LNG, including the U.S. Japan is among the world’s largest importers of LNG, alongside China, and relies on the fuel for nearly 40% of its electricity production.

In earlier matches they had tied with Croatia and scored a surprise win over Belgium, the second-ranked team in the world. "This team can go all the way in this World Cup!" In Qatar, where the home team along with Saudi Arabia and Tunisia have already been knocked out, Morocco now carries the mantle for an Arab world that has cheered victories by Arab teams against some of the tournament favourites. FIFA and Qatar's World Cup organisers, the Supreme Committee for Delivery and Legacy, did not immediately respond to a Reuters request for comment on the crowding outside the stadium. Morocco's last World Cup appearance, four years ago, ended in the group stage.

☆ Britain's Prince William unveils finalists for Earthshot environmental prize
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 4 (Reuters) - Britain's Prince William on Friday unveiled the finalists for his Earthshot prize, which awards 1 million pounds ($1.12 million) each to five winners developing solutions to major environmental problems. The 15 finalists across five categories range from a Kenyan startup that makes cleaner-burning stoves to a city-wide recycling initiative in Amsterdam. The prize received more than 1,000 nominations. Other prize finalists include an Omani initiative to remove carbon dioxide by turning it into rock, an Indian business making a sustainable alternative to leather from used flowers, and a Chinese team trying to turn barren desert into fertile soil. ($1 = 0.8940 pounds)Reporting by Sachin Ravikumar; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Nadhira Alharthy: Omani climber wants to ‘die empty’ in her quest to share knowledge
▼ + stars: | 2021-06-16 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +10 min

In 2017, Nadhira Alharthy met the first Omani man to climb Everest. “I was not planning to go to Ama Dablam from the beginning. She says the technical know-how and full-body strength required to climb Ama Dablam surpassed Everest. “There is no way for mistakes on Ama Dablam because it’s like you are climbing a big wall. Courtesy Nadhira AlharthyAhead of her expedition to Ama Dablam, she earned messages of support from her Muslim fans on social media, where she has now amassed over 16,000 followers.

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