Oman

Oman to develop advanced AI semiconductor chips for next-gen applications in Salalah Free Zone

McKinsey & Company projects that the global semiconductor market will reach $1 trillion by 2030

$700 million pact to boost Oman-GCC direct power grid with 1,700 MW capacity

GCCIA, QFFD signed a landmark financing deal for Oman direct interconnection project

Central Bank of Oman launches 73rd issue of Government Development Bonds sized at $259.7 million

New offering has a maturity period of five years and a coupon rate of 4.60 percent per annum

Strategic agreements signed to support railway project between UAE, Oman

In October 2024, Hafeet Rail secured $1.5 billion financing for the Sohar-UAE railway project

Oman’s real estate sector grows 29.5 percent in 2024, hitting $8.6 billion

Real estate activities contributed $2.1 billion to the Sultanate’s GDP

Oman’s broad money supply grows 11 percent to $64.5 billion

Currency issued fell 5.2 percent to OMR1.5 billion by November 2024 from OMR1.58 billion

Oman’s Central Bank issues treasury bills worth $59.7 million

The value of the allotted Treasury bills amounted to $1.55 million, for a maturity period of 28 days

Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister

Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies

Oman, India sign tax protocol to boost economic relations

India-Oman trade grew to $12.388 billion in 2022-2023

Davos 2025: Three new centers for Fourth Industrial Revolution announced

The upcoming centers in Muscat, Pretoria and Riyadh will tackle critical global challenges with innovative solutions

Qatar-Oman trade grows to $1.2 billion by July 2024, says Al Malki

The two countries have witnessed significant growth in recent years, with Qatar's investments in Oman amounting to $5.2 billion

Dubai’s Mashreq expands into Oman with tailored financial corporate services to support Vision 2040

The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Oman’s exports grow 8.7 percent to $52.78 billion in October 2024

The UAE topped Oman's trade exchange operations in non-oil exports with a value of OMR839 million

Oman airports see 13.3 million passengers, close to 99,000 flights by November 2024

Muscat International Airport had 11,737,391 passengers by November 2024, a 2.7 percent increase

Oman’s real estate trading surges 28.1 percent to over $8 billion in November 2024

The value of mortgage contracts increased by 44.8 percent to OMR2.1 billion in November

Oman’s Muscat Stock Exchange gains $9.87 billion in market value in 2024

The number of executed transactions on the exchange grew by a significant 39 percent in 2024, from 184,000 to over 257,000 trades

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Projections were informed by critical factors and data, based on an average oil barrel price of $60

Oman to establish net zero center to drive neutrality by 2050

The center will develop strategies, implement zero neutrality projects, and support government and private sectors

Oman’s 8th Ijarah sukuk auction generates $849 million, oversubscribed by three times

The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent

Saudi Arabia, Oman explore enhancing cooperation in industrial integration, trade

The two countries underscored the importance of advancing economic cooperation and strategic integration between them

Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements

Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025

Oman Investment Authority invests in Elon Musk’s xAI

The deal is part of the sultanate’s broader initiative to capitalize on cutting-edge global technologies across multiple sectors

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth