Oman

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

Oman LNG signs 10-year supply agreement with TotalEnergies

TotalEnergies also announces final investment decision for Oman's Marsa LNG project

Inflation in Oman up 0.2 percent in March on rising food prices

Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent

Oman’s airports see 21.8 percent surge in passenger traffic in February

Muscat International Airport leads Oman's airport traffic growth

Oman LNG inks 10-year supply contract with Japanese firm JERA

Oman LNG will supply up to 0.8 million metric tons of LNG annually to JERA starting in 2025

Oman’s trade surplus reaches $2.27 billion by January end

The country recorded a surplus of $1.78 billion during the same period in 2023

Oman’s top ports handle over 93.2 million tons of cargo in 2023

The was also a 4.3 percent increase in berthed ships in 2023, reaching around 11,005 vessels

Oman’s central bank issues treasury bills worth $163.67 million this week

Value of T-bills with a maturity of 364 days reached OMR40.7 million