Oman

Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

The allocation of funds is geared towards road construction and maintenance

Oman’s state revenues exceed $2.6 billion in January 2024

Government investments reaching OMR200 million drive growth

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 reveals $1.3 billion waterfront project in Muscat Downtown

The 3.3 million sq m project has been designed by Zaha Hadid Architects

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 awards $2.58 billion deals for Sultan Haitham City project

Mega development set to transform Muscat's urban landscape

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

Bank Muscat’s $390 million investment fund gets central bank nod

Investment portfolio includes several banks listed in GCC markets

Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges

Budget gap prompts focus on economic diversification

Central Bank of Oman raises OMR29.45 mn through T-bills allotment

T-bills with a 28-day maturity were valued at OMR10 mn

Revenues of Oman’s hotels surge, tourists to reach 3.5 million in ’23

Robust growth, increased occupancy rates, and record tourist arrivals

IMF: Oman’s economic recovery sustained by favorable oil prices

Inflation remains contained supported by constant reform

Four major companies forge blue hydrogen collaboration in Oman

Carbon capture to contribute 15 percent emissions reduction

Oman targets OMR2.5 bn investment boost in transport and logistics

Oman’s ministry announces Best Practices Award in logistics sector

Oman’s credit rating raised by S&P to BB+ with a stable outlook

On higher crude prices and non-oil sector growth

Oman’s OQ IPO $771 million IPO oversubscribed

Group announced in June a net profit of $1.1 bn

High oil prices help reduce Oman debt

Fitch upgrades country to 'BB+'

Lower oil related activities culprit behind Oman Q2, H1, GDP drop

Oman’s banking sector witnessed an 8.7 percent growth in credit and deposits

Oman’s economy estimated to expand by 2.5 percent this year

Non-oil sectors recorded a robust expansion of 4.6 percent

2022 sees Oman telecom sector attract millions in investments

5G stations totaled 2,600 by end of last year

Oman’s 2022 tourism sector records 47 percent increase over 2021

Revenues reached OR1.9 bn while tourist arrivals hit 2.9 mn

Oman OQ to offer 49 percent stake in gas pipeline unit

It may turn out to be the largest in the history of the Sultanate