Latest news with #RashidalHashmi
Zawya
22-04-2025
- Business
- Zawya
Future Fund Oman team courts Chinese investors
MUSCAT: A team of officials representing Future Fund Oman (FFO), an investment vehicle launched by Oman Investment Authority (OIA), recently toured a number of Chinese cities to explore potential manufacturing and industrial partnerships with leading players in China. During the visit, spanning five cities over multiple weeks, the Omani team interacted with executives of strategic businesses operating in the high-tech, semiconductor, electric vehicle, venture capital, and project finance sectors, according to Rashid al Hashmi, Senior Manager – Future Fund Oman. Al Hashmi, who led the visit, commented: 'Oman is open for serious industrial partnerships — and China's innovation powerhouses are listening. Over the past weeks, I had the privilege of leading Future Fund Oman's delegation across China and Hong Kong, engaging with some of the region's most strategic manufacturers, robotics pioneers, and sovereign partners,' he added in a post. The delegation's travel itinerary included 'deep-dive' tours of China Electronics Corporation (a $9.5 billion revenue leader in servers, semiconductors and AI), UB Robotics (a leading manufacturer of humanoid robots and smart service robots); Shenzhen Capital (China's top state-backed venture capital with assets of over $60 billion under management), and U-Power (an EV platform developer progressing toward a manufacturing hub). The tour also included a visit to the Export-Import Bank of China where the delegation conducted a strategic dialogue on project finance. Additionally, a high-level meeting was held with the Provisional Governor of Guangdong Province to explore industrial cooperation and capital mobility between Oman and the Greater Bay Area. 'Across every engagement, we reinforced FFO's role as a gateway to Oman's diversified industrial future — backed by Vision 2040, world-class infrastructure, and access to GCC, Africa, and US markets (via FTA),' Al Hashmi noted, adding that the Fund is now gearing up inbound delegations from China, which opens up the potential for R&D linkages, and capital-matching exercises. FFO was established in collaboration with the Ministry of Finance with a capital of $5.2 billion, allocated over five years from 2024 to 2028. Last November, FFO announced its first batch of approved investment projects in November with a combined value exceeding $2 billion. The projects include $1.6 billion committed by foreign investors and $571 million contributed by FFO. The approved projects span ten key sectors, including technology, manufacturing, tourism, renewable energy, and electric vehicles. In addition, small and medium enterprises (SMEs) and startups will play a prominent role, with investments targeting food, health, financial technology, e-commerce, and more. CONRAD PRABHU 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. ( CONRAD PRABHU
Observer
21-04-2025
- Business
- Observer
Future Fund Oman team courts Chinese investors
MUSCAT, APRIL 21 A team of officials representing Future Fund Oman (FFO), an investment vehicle launched by Oman Investment Authority (OIA), recently toured a number of Chinese cities to explore potential manufacturing and industrial partnerships with leading players in China. During the visit, spanning five cities over multiple weeks, the Omani team interacted with executives of strategic businesses operating in the high-tech, semiconductor, electric vehicle, venture capital, and project finance sectors, according to Rashid al Hashmi, Senior Manager – Future Fund Oman. Al Hashmi, who led the visit, commented: 'Oman is open for serious industrial partnerships — and China's innovation powerhouses are listening. Over the past weeks, I had the privilege of leading Future Fund Oman's delegation across China and Hong Kong, engaging with some of the region's most strategic manufacturers, robotics pioneers, and sovereign partners,' he added in a post. The delegation's travel itinerary included 'deep-dive' tours of China Electronics Corporation (a $9.5 billion revenue leader in servers, semiconductors and AI), UB Robotics (a leading manufacturer of humanoid robots and smart service robots); Shenzhen Capital (China's top state-backed venture capital with assets of over $60 billion under management), and U-Power (an EV platform developer progressing toward a manufacturing hub). The tour also included a visit to the Export-Import Bank of China where the delegation conducted a strategic dialogue on project finance. Additionally, a high-level meeting was held with the Provisional Governor of Guangdong Province to explore industrial cooperation and capital mobility between Oman and the Greater Bay Area. 'Across every engagement, we reinforced FFO's role as a gateway to Oman's diversified industrial future — backed by Vision 2040, world-class infrastructure, and access to GCC, Africa, and US markets (via FTA),' Al Hashmi noted, adding that the Fund is now gearing up inbound delegations from China, which opens up the potential for R&D linkages, and capital-matching exercises. FFO was established in collaboration with the Ministry of Finance with a capital of $5.2 billion, allocated over five years from 2024 to 2028. Last November, FFO announced its first batch of approved investment projects in November with a combined value exceeding $2 billion. The projects include $1.6 billion committed by foreign investors and $571 million contributed by FFO. The approved projects span ten key sectors, including technology, manufacturing, tourism, renewable energy, and electric vehicles. In addition, small and medium enterprises (SMEs) and startups will play a prominent role, with investments targeting food, health, financial technology, e-commerce, and more.
Observer
09-04-2025
- Entertainment
- Observer
From Viral Sensation to Global Attraction: Oman's Glowing Plankton Enchants
In a stunning showcase of nature, the waters off the coast of Muscat became a sight to behold, as waves sparkled like diamonds beneath the night sky, brought to life by tiny, glowing plankton responding to movement. This ephemeral spectacle, however, captured the world's imagination when a viral video transformed it from a local wonder into a global sensation. The captivating footage, shared by Rashid al Hashmi of Wake Adventures, depicted an ethereal scene where guests floated through radiant trails of light while the stars twinkled overhead. Within a matter of days, the video attracted over 13,000 views, circulating widely across social media platforms like Instagram and TikTok, and appealing to adventurers from across the globe. The result was an influx of interest in night-time boat experiences, with tourists flocking to Oman to witness the enchanted waters first-hand. Visitors hailed from neighbouring Saudi Arabia and Qatar, as well as distant shores in Europe and Russia. For many, spotting the bioluminescence—a phenomenon initially revealed through that very video—became the primary motivation for booking a trip to Muscat. The magical glow of these waters is produced by dinoflagellates, a type of microscopic plankton. When agitated, they emit a brilliant blue light, illuminating the foam of waves and the trails left by boats and swimmers. This luminescent display offers an utterly surreal experience, reminiscent of a sequence from a fantasy film. Though the phenomenon does not appear nightly, those hoping to marvel at this natural wonder can maximise their chances by carefully timing their visits with the lunar phases, tides, and water conditions. One visitor from Russia shared, 'It's my first time in Oman—and one of the reasons I came to Muscat was to try this experience.' His decision was inspired by the viral video, and he brought his son along to turn an impulsive find into an unforgettable family outing. Moreover, social media continues to buzz with footage from these nocturnal tours. One particular clip, showcasing the glistening wake of a boat cutting through the glowing waters, has captured hearts worldwide, with viewers labelling it as 'cinematic,' 'unreal,' and 'a must-see in a lifetime.' As Oman enhances its reputation as a premier destination for nature-based and adventure tourism, the shimmering waters of Muscat present a profound reminder of how a fleeting moment of natural beauty—amplified by the reach of a smartphone—can resonate worldwide. Not a good sign? Yet, amidst this spectacle lies a more intricate story. Good dinoflagellates play a vital role as primary producers in marine ecosystems, providing oxygen and serving as a food source for various marine organisms. They contribute positively to the food web and help maintain ecological balance. Conversely, harmful dinoflagellates can cause detrimental effects, leading to harmful algal blooms (HABs) that result in red tides, oxygen depletion, and toxicity. These blooms can harm aquatic life, disrupt ecosystems, and pose health risks to humans through contaminated seafood. Understanding the distinction between beneficial and harmful dinoflagellates is crucial for managing marine environments and protecting biodiversity. A recent article from The Daily Galaxy titled 'Gulf of Oman Glowing Green – Not a Good Sign' garnered attention due to its striking satellite images of the shimmering green waters, attributing the glow to blooms of Noctiluca scintillans. While the visuals are undeniably alluring, they hint at deeper complexities beneath the surface. Though these blooms themselves are not harmful, their rising prevalence signifies shifts in ocean conditions. Researchers view this trend not merely as a cause for concern but as an important signal—one reflecting the interconnected nature of our planet's systems. From warming seas to alterations in wind patterns linked to melting Himalayan snow, the story surrounding Noctiluca illuminates broader climatic shifts affecting even the most exquisite marine corners. These blooms thrive in warm, stagnant waters that are depleted of oxygen—conditions increasingly common in the northwestern Indian Ocean, including the Sea of Oman. A significant connection stems from conditions thousands of miles away; a 2020 study indicated that diminishing Himalayan snow cover is weakening the Indian winter monsoon, a crucial system that typically stirs and enriches the Arabian Sea with oxygen. Weaker winds lead to stratified waters, fostering an environment ripe for Noctiluca to prosper. While Noctiluca doesn't produce toxins, its dominance can displace more nutritious plankton species, disrupting the marine food web. The dramatic blooms may shift feeding patterns for fish and diminish biodiversity. Furthermore, as these organisms die off, their decomposition consumes additional oxygen, exacerbating low-oxygen zones and straining marine life even further. This precarious relationship—melting Arctic ice, weakened wind systems, stagnant waters, and disruptions in plankton populations—forms part of a larger climate feedback loop. Though these blooms were not unknown, the increasing frequency and scale at which they occur is alarming to researchers and local fishing communities alike. Despite media reports on the recent blooms, verification through scientific investigation remains critical for understanding the implications of these phenomena. Responsible journalism should prioritise peer-reviewed research and verified observations. While the glowing waters of Oman enchant and mesmerise, they also serve as reminders of the shifts occurring across our oceans—an invitation to reflect on the delicate balance of marine ecosystems and the imperative for thoughtful stewardship as we navigate a changing climate.
