Omani fintech startup Mamun Crowd Financing has surpassed RO1 million in Sharia’a-compliant funding within a year of its launch. The platform supports various sectors in Oman by connecting investors with businesses in need of financing. Mamun plans to expand its offerings with new investment products, continuing to fuel economic growth.
The Telecommunications Regulatory Authority (TRA) of Oman has launched the ‘La Tamshi Alaik’ campaign to combat cyber fraud. In collaboration with the Royal Oman Police, Cyber Defence Centre, and telecom companies, the campaign educates the public on preventing fraud, protecting user rights, and ensuring a secure digital environment in Oman.
The Spain Oman Private Equity Fund (SOPEF) is investing up to €40 million in Making Science Marketing & AdTech, aiming to boost its digital marketing capabilities. This strategic investment fosters Spanish-Omani economic ties and supports Making Science’s expansion into the Middle East, enhancing its global competitiveness.
Oman reaffirmed its digital leadership ambitions at the “Enhancing and Regulating Connectivity” workshop in Muscat, hosted by Crowe. The event, attended by key telecom and technology stakeholders, focused on advancing digital technology, regulatory challenges, and the financial implications of new telecommunications infrastructure like 5G and cloud systems.
Oman’s national telecom regulator has initiated a public consultation to optimize the use of the 1980-2010 MHz and 2170-2200 MHz frequency bands for advancing communication technologies, including satellite IoT. This aims to enhance spectrum management, attract investment, and stimulate innovation, with public feedback invited until July 25, 2024.
Oman will launch its Open Data Platform by the end of the year, a major step in its digital transformation strategy. The platform will enhance public access to government data, fostering transparency and innovation. Aligned with Oman’s Vision 2040, it aims to support economic growth and position Oman as a leader in data transparency.
Oman’s Telecommunications Regulatory Authority (TRA) announced that over 773,000 homes across the country are now connected to fiber optic networks. This significant achievement, detailed in the TRA’s latest annual report, underscores the growing reach and impact of high-speed internet in Oman.
Oman’s postpaid mobile subscriptions rose by 9% in the first half of 2024, reaching 1.89 million, while prepaid subscriptions dropped by 4.5%. Fixed internet subscriptions grew by 6.5%, but fixed-line subscriptions declined by 21.7%. Muscat led in fixed analogue lines, despite a 71.1% drop in this category.
Ooredoo has launched new Maktabi packages, offering an all-in-one business communication solution for small businesses in Oman. Starting at OMR 29.5 per month, these packages include high-speed internet, mobile and fixed-line communication, security solutions, Microsoft 365, TallyPrime, and 24/7 smart CCTV surveillance to support SMEs and SoHos in achieving their business goals.
The Oman Ministry of Labour and Omantel have partnered to train 86 university graduates in fields like AI, IoT, and data science. This initiative supports Oman’s Vision 2040 by developing a skilled workforce and positioning the nation as a digital leader. The Omantel Academy will provide the necessary technical training.
