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Oman
Industry
Oman’s Suhar Industrial City signs $6.2 million investment contracts for specialized projects
The projects specialize in plastic products, medical devices, and mattresses
Logistics
Oman’s $40 million projects, $49 million investment opportunities revealed
20 empowerment initiatives also launched to foster growth and vibrancy in the cultural and innovative industries
Markets
Central Bank of Oman raises $181.84 million through T-bill allotment
The T-bills with a maturity period of 28 days have been allotted a value of $12.98 million
Oman
Real estate transactions in Oman surpass $539 million by January 2024
Oman’s real estate deals surged to $6.7 billion in 2023
Industry
Oman empowers industrial jobseekers: A collaborative agreement for skill enhancement
A comprehensive training program will be developed to refine the participants' skills
Logistics
Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million
The allocation of funds is geared towards road construction and maintenance
Economy
Oman’s state revenues exceed $2.6 billion in January 2024
Government investments reaching OMR200 million drive growth
Hospitality & Tourism
Oman sees 21.6 percent rise in airport passenger traffic in January 2024
Ambitious targets of 11 million tourists annually set in line with Oman Vision 2040
Oman
Oman reveals $1.3 billion waterfront project in Muscat Downtown
The 3.3 million sq m project has been designed by Zaha Hadid Architects
Hospitality & Tourism
Oman reveals plans for new $2.4 billion mountain destination on Jabal Al Akhdar
The destination is expected to attract more than 8,000 residents and an average of 2,350 overnight visitors and 2,000 daily visitors.
Oman
Oman awards $2.58 billion deals for Sultan Haitham City project
Mega development set to transform Muscat's urban landscape
Oman
Oman’s real estate deals surge to $6.7 billion in 2023
Rental sector leads growth with value of lease contracts surging by 18.3 percent
Banking & Finance
Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023
Favorable local indicators drive positive outcome
Banking & Finance
Oman Investment Authority introduces $5.2 billion fund to boost SME investments
Focus on green energy, tourism, and manufacturing sectors
Economy
Bank Muscat’s $390 million investment fund gets central bank nod
Investment portfolio includes several banks listed in GCC markets
Economy
Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges
Budget gap prompts focus on economic diversification
Markets
Central Bank of Oman raises OMR29.45 mn through T-bills allotment
T-bills with a 28-day maturity were valued at OMR10 mn
Hospitality & Tourism
Revenues of Oman’s hotels surge, tourists to reach 3.5 million in ’23
Robust growth, increased occupancy rates, and record tourist arrivals
Economy
IMF: Oman’s economic recovery sustained by favorable oil prices
Inflation remains contained supported by constant reform
Oman
Four major companies forge blue hydrogen collaboration in Oman
Carbon capture to contribute 15 percent emissions reduction
Logistics
Oman targets OMR2.5 bn investment boost in transport and logistics
Oman’s ministry announces Best Practices Award in logistics sector
Economy
Oman’s credit rating raised by S&P to BB+ with a stable outlook
On higher crude prices and non-oil sector growth
Markets
Oman’s OQ IPO $771 million IPO oversubscribed
Group announced in June a net profit of $1.1 bn
Economy
High oil prices help reduce Oman debt
Fitch upgrades country to 'BB+'
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