Oman

Oman-China trade exceeds $27 billion in 2023, enhancing economic ties and investment opportunities: OCCI

Al Saadi pointed out that the private sectors in both nations are crucial to driving mutual partnerships 

Oman’s merchandise exports grow 6.7 percent to $30.32 billion in June 2024

The value of Oman's crude oil exports amounted to OMR5.134 billion, recording an increase of 7.2 percent

Non-hydrocarbon sectors poised to drive strong GCC economic growth this year: Report

Deal-making in the region remained active, with 214 transactions recorded in H1 2024

Oman’s producer prices rise 3.3 percent in Q2 2024

Oman saw a softer increase in producer prices in the manufacturing industries group

Oman Central Bank issues treasury bills worth $77.93 million

The bills have a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650 

Oman’s Salalah Free Zone draws $11.95 billion in investment by June 2024

In H1 2024, the Salalah Free Zone added 13 projects in frankincense, packaging, air conditioning, and textiles

Oman signs agreement to expand oil, gas exploration in Al Dhahirah Governorate concession

Agreement facilitates the expansion of production rates through the resources of the 1,389 square km area

Moody’s upgrades Oman’s outlook to positive, citing improved debt metrics and strong fiscal management

The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Oman’s real estate transactions hit $4.41 billion by end of July 2024, up 6.4 percent

The total value of sales contracts reached OMR631.3 million during this period

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

Passenger traffic at Oman’s airports rises 9.2 percent to 8.5 million in July

Number of passengers traveling through Oman's Muscat International Airport reached 7,571,148 by the end of July 2024

Manufacturing sector’s 9.2 percent expansion boosts Oman’s economic growth in Q1 2024

Oman's 10th Five-Year Plan aims to boost manufacturing's GDP contribution from 10 percent to 12.2 percent by 2025

Oman’s Nizwa: A thriving industrial hub with $1.23 billion investment, 173 projects

A 78,000 square meter residential project is being planned and will be open for investment soon

Oman’s trade balance booms with $7.76 billion surplus by May 2024, UAE key trading partner

Oman's commodity exports rose 5 percent YoY, reaching $25.16 billion during this period

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Oman hits 54 percent of employment target for H1 2024, 14,074 jobs created

The public sector has seen 6,963 individuals employed, representing 69.63 percent of the 10,000 target

Growing GCC interest drives $3.66 billion real estate market in Oman

The number of properties registered to GCC citizens surged by 5.2 percent to 666, compared to 633 in 2023 

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

Oman to expand LNG production capacity to 15.2 million tons per year with new 3.8 million ton train

LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities

Oman bans plastic bag imports, new regulation effective this date

The prohibition covers both biodegradable and non-biodegradable plastics

Oman central bank issues treasury bills worth over $35 million

The interest rate on the bills' repurchase operations with the Oman central bank is 6 percent

Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion

Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion