Oman

Oman to embrace IBAN system: A new era of seamless financial transactions

A significant step forward in modernising Oman’s financial infrastructure, says CBO

Oman’s fund to invest $4.7 billion in large-scale projects over next 5 years

Supporting economic diversification in line with Oman Vision 2040

Oman LNG inks deal to provide LNG supply to Germany’s SEFE

The LNG deliveries from Oman to Germany scheduled between 2026 and 2029

Oman’s Suhar Industrial City signs $6.2 million investment contracts for specialized projects

The projects specialize in plastic products, medical devices, and mattresses

Oman’s $40 million projects, $49 million investment opportunities revealed

20 empowerment initiatives also launched to foster growth and vibrancy in the cultural and innovative industries

Central Bank of Oman raises $181.84 million through T-bill allotment

The T-bills with a maturity period of 28 days have been allotted a value of $12.98 million

Real estate transactions in Oman surpass $539 million by January 2024

Oman’s real estate deals surged to $6.7 billion in 2023

Oman empowers industrial jobseekers: A collaborative agreement for skill enhancement

A comprehensive training program will be developed to refine the participants' skills

Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

The allocation of funds is geared towards road construction and maintenance

Oman’s state revenues exceed $2.6 billion in January 2024

Government investments reaching OMR200 million drive growth

Oman sees 21.6 percent rise in airport passenger traffic in January 2024

Ambitious targets of 11 million tourists annually set in line with Oman Vision 2040

Oman reveals $1.3 billion waterfront project in Muscat Downtown

The 3.3 million sq m project has been designed by Zaha Hadid Architects

Oman reveals plans for new $2.4 billion mountain destination on Jabal Al Akhdar

The destination is expected to attract more than 8,000 residents and an average of 2,350 overnight visitors and 2,000 daily visitors.

Oman awards $2.58 billion deals for Sultan Haitham City project

Mega development set to transform Muscat's urban landscape

Oman’s real estate deals surge to $6.7 billion in 2023

Rental sector leads growth with value of lease contracts surging by 18.3 percent

Bank Muscat’s $390 million investment fund gets central bank nod

Investment portfolio includes several banks listed in GCC markets

Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges

Budget gap prompts focus on economic diversification

Central Bank of Oman raises OMR29.45 mn through T-bills allotment

T-bills with a 28-day maturity were valued at OMR10 mn

Revenues of Oman’s hotels surge, tourists to reach 3.5 million in ’23

Robust growth, increased occupancy rates, and record tourist arrivals

IMF: Oman’s economic recovery sustained by favorable oil prices

Inflation remains contained supported by constant reform

Four major companies forge blue hydrogen collaboration in Oman

Carbon capture to contribute 15 percent emissions reduction