Oman

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

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