Oman

Oman hotel revenues rise 10.2 percent to $281.5 million in January-May 2024

The number of European hotel guests in Oman surged by 19.6 percent to 286,980

Oman Central Bank issues T-bills worth over $80.93 million

The value of the 28-day maturity treasury bills allocated was $38.97 million

Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth

This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion

Oman climbs five spots in 2024 Competitive Industrial Performance Index

Oman's tech investments, automation, and supply chain consolidation have driven economic improvement

Abu Dhabi ranks as world’s safest city, tops GCC in quality of life index

In a list of 311 cities, Abu Dhabi has ranked highest on the safety index (88.2) and lowest on the crime index (11.8)

Inflation in Oman rises 0.9 percent in May 2024

Oman's North Al Sharqiyah Governorate saw inflation rise to 2.1 percent, the highest increase regionally

Oman’s producer prices decline 1.7 percent in Q1 2024

Decline in crude oil and natural gas prices prompts 1.4 percent decline in Oman's mining and quarrying sector prices

Oman’s Muscat airport sees 16.8 percent surge in passengers in April 2024

Flights through the airport reached 32,520, of which 29,862 were international and 2,658 were domestic

Oman posts $6.7 billion trade surplus, merchandise exports reach $16.88 billion by end of March 2024

Total value of merchandise imports to the Sultanate amounted to $10.1 billion

Oman cuts down public debt from $39.75 billion to $37.67 billion in first half of 2024

Oman's public debt to GDP declines from 36.5 percent by the end of 2023 to 33.9 percent during H1 of 2024

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion

Oman's trade balance rose 35 percent to $6.75 billion in the same quarter

Central Bank of Oman joins GCC central banks’ AFAQ payments system

Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67

Oman launches digital platform Taqah to attract investment in energy and minerals sector

Platform aims to facilitate investment, enhance transparency and streamline ministry's internal operations

Oman’s digital transformation initiative reaches 53 percent completion rate by end of September 2023

In H1 2023, the country recorded over 30 million e-authentication transactions and nearly 1 million e-signature transactions

Oman’s airport traffic surges with 5 million passengers in first four months of 2024

Sohar airport witnessed the most dramatic growth with a 295 percent increase in the number of passengers

Oman’s e-commerce market value reaches $2.2 billion in 2023

Oman's e-commerce market is expected to grow to $3.327 billion by 2027

Oman seeks to raise digital economy’s contribution to GDP to 10 percent by 2040

Investments in tech reached more than $2.5 billion since Oman launched National Program for Digital Economy

Oman Central Bank issues T-bills worth $57.24 million

The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent

Oman’s inflation rate rises to 0.4 percent in April 2024

Oman's North Al Sharqiyah Governorate recorded the largest increase of 1.4 percent

Oman to inaugurate 6 new airports by 2028-2029, targets 50 million passengers by 2040

The number of airports in the country will go up to 13, supporting the aviation and tourism sectors

Oman’s public debt sees slight decline, reaches $39.23 billion

By the end of March, revenues amounted to around $7.27 billion, down from $8.31 billion in the same period of 2023

Oman’s economic growth to reach 0.9 percent in 2024, 4.1 percent in 2025: IMF

Oman's non-hydrocarbon growth to increase to 2.6 percent in 2024 and 3.2 percent in 2025

Oman’s Hydrom secures $11 billion worth of contracts for green hydrogen projects

The country’s hydrogen production capacity reaches 1.38 million tons/year with new deals