Oman

Oman unveils 2025 tourism plan to boost recreational offerings, elevate non-oil sector growth

Initiatives include projects that strengthen infrastructure and broaden visitor experiences across the Sultanate

IMF lauds Central Bank of Oman for strong governance practices

IMF's report emphasizes monetary policy transparency and effective communication with stakeholders

Oman’s Treasury Bills issuance reaches $131.3 million in week

The value of allotted Treasury bills reached OMR2 million for a maturity period of 91 days 

Oman inaugurates $106.6 million facility to transform mining waste into pure copper

Production for Phase 1 is set to begin this June, targeting an annual output of 60 tons

Oman’s industrial exports surge 8.6 percent to $4.2 billion in Q1 2025 on electrical equipment manufacturing

Electrical equipment and machinery manufacturing sector achieved a remarkable growth rate of 141 percent

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

UAE companies line up to explore investment opportunities in new Al Rawdah Special Economic Zone

Letters of intent reflect strong private sector interest in leveraging the zone as a platform for regional expansion and cross-border trade

Oman public revenues reach $6.85 billion by end of Q1 2025 

Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop 

Eid al-Adha 2025 in Oman announced: Residents to get 5 days off

The public will have a long weekend stretching from Thursday, June 5, till Monday, June 9

UAE, Oman partner to develop and operate Al Rawdah Special Economic Zone’s first phase

Mahadha Development Company, an Emirati-Omani joint venture, will be responsible for developing the infrastructure and facilities

Sheikh Hamdan, Sultan of Oman discuss strengthening cooperation in key sectors

Sheikh Hamdan attended the signing of an agreement to develop and operate the first phase of the Al Rawdah Special Economic Zone in the Wilayat of Mahadha

Oman on track to deliver 62,800 new residential real estate units by 2030: Report

More than 80,000 new homes are projected to be delivered between now and 2040

Oman advances 5 places on Government AI Readiness Index 2024

Oman aims to further rise in the AI readiness rankings and grow AI-related investments by 20 percent annually

Oman, Algeria to establish $300 million joint investment fund

The Oman Investment Authority and Algeria’s Ministry of Finance signed an MoU to establish the fund

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

Oman strengthens clean energy push with $565 million solar manufacturing facility

The project will deliver an annual production capacity of 6 gigawatts of solar cells by 2026 

Strong economic indicators signal 3.4 percent GDP growth for Oman in 2025

Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023

UAE, Oman boost bilateral trade and investment ties at Advantage Oman Forum

Non-oil trade between the two countries grew 9.8 percent in 2024 to AED56.2 billion

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

Oman: Passenger traffic at Sultanate’s airports surpasses 2.5 million by February

Muscat International Airport carried 2,280,280 passengers by Feb 2025, down 7.5 percent from 2024

Oman: New digital accessibility guide to support developers, foster inclusivity

The guide emphasizes the need for institutions to design applications that meet accessibility standards

Oman, Netherlands forge hydrogen agreements to boost clean energy collaboration

Signing occurred during the "state visit" of His Majesty Sultan Haitham bin Tarik to the Netherlands

World Bank’s IFC inks 3 strategic agreements in Oman to boost economic diversification

IFC and United Solar Polysilicon will support the development of a $1.6 billion greenfield polysilicon plant in Sohar

Arab, Asian, and European stock markets recover, U.S. futures rise amid tariff turmoil

The Saudi TASI index rose by 1.8 percent at the start of trading