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Oman
Hospitality & Tourism
Oman offers visa-free travel to 103 countries
In a bid to boost tourism
Oman
Major progress likely on Oman transport projects in 2023
Rail, road and aviation plans gain traction
Economy
97% of engineering firms in Oman struggled to recruit in 2022
66% of companies reported increase in staff members
Energy
A 4.1-magnitude earthquake reported in Oman
Oman collected over $949,000 for Türkiye and Syria quake victims
Markets
MSX listed securities now available for digital trading
Following the bourse's joining to the Tabadul platform
Oman
Oman industrial projects key to diversification goals
Manufacturing investments being incentivised
Banking & Finance
Oman gets on IPO bandwagon with 49% of OQ shares
Investment Authority plans to raise over $1.3 billion
Banking & Finance
Omani bank profits surge to $1.066 bn in 2022
Jumping by 20.6 percent
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
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