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Oman
Oman
Oman Cables launches the Global Sustainability Academy
Involving all the 29,000 Prysmian employees across over 50 countires
Energy
Oman to build a $3 bn green steel production plant
To provide steel for the automotive sector
Oman
Oman Cables offers its employees inclusive share ownership plan
Plan will serve as a core driver to improve employee engagement
Economy
Oman’s GDP grows to OMR 20 bn in 3 months
Increasing by 30%
Energy
Oman Cables races ahead toward sustainability targets
In line with Sultanate’s 2050 Net-Zero Carbon Vision
Economy
Oman achieves budget surplus in first 9 months of 2022
Supported by increased oil revenues
Economy
Oman’s budget surplus increases to $2.8 bn
Driven by higher oil revenues, ongoing fiscal reforms
Economy
IMF praises Oman economic recovery
Boosted by high oil prices and disappearing Corona restrictions
Banking & Finance
Oman committed to implementing income tax by 2024
Oman implemented VAT in April 2021
Energy
Oman will ban import of plastic bags as of this date
Decision will have no effect on local plastic bag factories
Oman
Oman: Real estate transactions reach OMR 213.1 mn in July
Deeds issued top over 15,000 titles
Economy
Oil and gas drive up producer prices in Oman
Producer prices increased by 40.7 percent in Q2
Banking & Finance
Oman’s first-ever PPP schools project has 10 bidders
10 bidders have been qualified to proceed to the next stage
Economy
Omani economy exceeds expectations, Fitch rating improves
Important surplus in budget first since 2013
Industry
PIF injects 1.125 billion riyals into Omani Infrastructure Fund
Saudi Crown Prince visit to Sultanate saw signing of 13 agreements
Economy
Oman: Annual inflation continues to rise in June
Driven by the increase in food and beverage prices
Economy
Oman: 207 jobs no longer available to expats
As part of the country's plans to localize many jobs
Hospitality & Tourism
Holidaymakers from Europe up by 800% in Oman
Hotel revenues exceeded OMR 73 mn in May
Hospitality & Tourism
Oman airports record remarkable growth of 100%
The number of passengers departing from Oman also increased by 69%
Hospitality & Tourism
Most tourist sites reopened in Oman
CDAA stressed on the need to adhere to public safety guidelines
Banking & Finance
Bank Muscat’s profits during the first half of 2022
The bank announced preliminary unaudited financial results for H1 2022
Energy
Recap: Heavy rains, flash flooding lash Oman
The final death toll remains unclear
Energy
Flash floods claim 4 lives in Oman
Oman was affected by the depression's peak impact
Economy
Oman’s public debt to decrease by end of July to 18.6 billion riyals
The Sultanate will repay a financing loan before its due date
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