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Oman
Economy
Oman’s economy estimated to expand by 2.5 percent this year
Non-oil sectors recorded a robust expansion of 4.6 percent
Telecom
2022 sees Oman telecom sector attract millions in investments
5G stations totaled 2,600 by end of last year
Hospitality & Tourism
Oman’s 2022 tourism sector records 47 percent increase over 2021
Revenues reached OR1.9 bn while tourist arrivals hit 2.9 mn
Banking & Finance
Oman OQ to offer 49 percent stake in gas pipeline unit
It may turn out to be the largest in the history of the Sultanate
Technology
Oman to compete on crypto and smart tech in GCC
Homegrown startup establishing an 11 MW capacity pilot bitcoin mining site
Oman
Investing in Oman made easier: 2,700 investor residency cards issued to date
Enhancing flexibility and convenience for investors
Banking & Finance
Credit granted by Oman’s banking sector tops $52.4 bn
A 5.1 percent increase
Oman
Oman to build smart city accommodating 100,000 residents
Sultan Haitham City to incorporate smart technologies
Technology
Muscat-based Exahertz establishes Oman as blockchain hub
By 2024, Exahertz hopes to deploy 50,000 devices and servers across Oman
Economy
Oman achieves $1.7 billion surplus in H1, 2023
Gas revenues down 36% to June
Energy
Oxy Oman achieves record-breaking production in Oman’s Block 65
Production reached 6,000 barrels of oil equivalent (BOE) per day
Economy
Oman’s inflation takes a dip: latest figures and key highlights
Annual inflation rate decreased to 0.69 percent in June
Hospitality & Tourism
Oman’s aviation sector takes off: Full recovery on the horizon
Sector recovered to 70 percent of pre-pandemic levels
Economy
Oman’s labor law gets a modern makeover: Here’s what you need to know
Law includes offering extended maternity leave
Economy
Oman’s banking sector booms in H1 with record-high profits of OMR235.3 mn
Net profit of local banks grew by 17.5 percent
Hospitality & Tourism
19 new licenses for integrated tourism complexes in Oman worth $11.3 bn
Comprehensive services and diverse amenities
Economy
Oman to establish new economic city with two free zones
The Sultanate seeks to boost its economy and attract foreign investment
Oman
Muscat Stock Exchange to receive $260 mn support from Oman’s Investment Authority
Oman, Switzerland join forces to drive economic diversification, sustainability
Oman
Yiti: A sustainable dream off of the Gulf of Oman
The city of the future is currently in development and hopes to be completed by 2025
Economy
Oman’s GDP to rebound to 2.7 percent in 2024 driven by non-hydrocarbon sector
Economic growth expected to slow down to 1.3 percent this year
Oman
Oman: Shaping up to be Middle East’s largest producer of green hydrogen
Country is aiming to produce at least 1 mn tons of renewable hydrogen by 2030
Real Estate
Three new megaprojects to change the face of Oman
Projects expected to boost tourism, infrastructure
Banking & Finance
Oman’s new fund and city: An ambitious plan to attract investment, foster innovation
$5-bn fund to allocate a percentage of capital to support SMEs
Economy
Moody’s upgrades Oman to Ba2 with positive outlook
Due to decline in public debt burden and ability to meet financial obligations
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