Oman

Oman joins World Free Zones Organization to enhance competitiveness, promote investment opportunities globally 

Oman has 23 economic zones, with total investments having reached approximately OMR21 billion by the end of 2024

ADNOC Drilling reports strong H1 2025 results with $692 million net profit

In 2025, ADNOC Drilling secured approximately $4.8 billion in new contracts — its strongest-ever backlog addition

Oman issues Treasury bills worth $56.4 million

The average discount rate and yield for 28-day Treasury bills stood at 3.91071 percent and 3.92248 percent

Oman classified as largely compliant with international standards on tax transparency 

High ranking reflects Oman’s dedication to principles of transparency and governance globally 

Over 5.79 million passengers pass through Oman’s airports by May 2025 as Salalah Airport sees 6.7 percent growth

Muscat International Airport handled 5,207,005 million passengers, marking a 3.5 percent decrease in traffic

Oman and Türkiye strengthen energy ties in oil, gas, and renewable technologies

The agreement emphasizes sustainable development goals and transitioning to clean energy solutions 

Moody’s upgrades Oman’s credit rating to Baa3 with stable outlook, citing improved debt metrics

Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020 

Oman launches $200 million energy transition fund with China’s Templewater

Fund aims to accelerate investment in energy transition and advanced manufacturing in the country

Oman’s real GDP expands 2.5 percent to $24.52 billion in Q1 2025

The growth is driven by a robust performance in non-oil sectors

World Bank sees growth on the horizon in the GCC

The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region

GCC-listed companies attract $4.2 billion in foreign inflows in Q2 2025, highest since Q4 2022

Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar 

Oman Air strengthens European connectivity, launches inaugural flight to Amsterdam

Travelers can now access over 900 destinations worldwide through Oman Air's new partnership

Oman and Egypt sign seven agreements to boost cooperation in trade, investment, labor

Talks aimed at strengthening bilateral relations align with directives from leaders of both nations

Oman government Treasury bills issuance reaches $101.4 million 

The value of the allotted Treasury bills was OMR4 million, with a maturity period of 28 days 

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Addleshaw Goddard strengthens Middle East operations with new office in ADGM

The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East

Will the GCC introduce personal income tax after Oman makes the landmark policy shift?

Oman's decision marks a milestone for the region, where tax-free personal income has long been a defining feature of the social contract

Oman becomes first GCC state to impose personal income tax starting 2028

The 5 percent tax will be imposed on a natural person whose total annual income exceeds OMR42,000

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

Oil-funded growth or true diversification? Key metrics to watch in the GCC

Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts

GCC dominates Dubai Chamber exports in Q1 2025 with AED 40.5 billion in trade

Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion

Oman’s tourism attracts $6.7 billion in investments from $7.8 billion target by end of 2025

Projects include luxury eco-camps and resorts that elevate Oman’s tourism experience and sector development 

Oman’s airports welcome over 4.7 million passengers by April 2025

Muscat International Airport handled 4.22 million passengers by the end of April 2025

Oman launches $2.6 million longest tourist walkway project in Nakhal

The new walkway will connect historic Nakhil Fort with Ain Al Thawra Park over 3 kilometers.