Oman

Moody’s upgrades Oman to Ba2 with positive outlook

Due to decline in public debt burden and ability to meet financial obligations

Oman’s real estate market booms: Transactions worth OMR730.1 mn

Mortgage contracts surged by 52.3% to OMR433.3 mn

Oman’s GDP growth fueled by soaring oil activities

Oman's GDP increased 4.3% to OMR36.10 bn

New floating and mobile desalination plants in Oman

Supporting commercial, tourism, and fisheries activities in marine villages

Fitch revises Oman’s rating to positive

Government debt to GDP fell to 40 percent in 2022

Invest in Oman: $3.8 bn opportunities across key sectors

Including IT, tourism, food security, and mining projects

Oman’s fiscal performance improves outlook to positive

Debt to GDP decreased from 60% to 40% in 2022

Oman’s OQ could raise $500 mn from IPO

Company seeking bookrunners for offering

Oman, Singapore supporting sustainable aquaculture growth

Two nations announced strategic partnership to address food security

Expats fuel high population growth in Oman

Omanis constituted 57.62 percent with 2,881,313 citizens

Major progress likely on Oman transport projects in 2023

Rail, road and aviation plans gain traction

97% of engineering firms in Oman struggled to recruit in 2022

66% of companies reported increase in staff members

A 4.1-magnitude earthquake reported in Oman

Oman collected over $949,000 for Türkiye and Syria quake victims

MSX listed securities now available for digital trading

Following the bourse's joining to the Tabadul platform

Oman industrial projects key to diversification goals

Manufacturing investments being incentivised

Oman gets on IPO bandwagon with 49% of OQ shares

Investment Authority plans to raise over $1.3 billion

Oman Cables launches the Global Sustainability Academy

Involving all the 29,000 Prysmian employees across over 50 countires

Oman to build a $3 bn green steel production plant

To provide steel for the automotive sector

Oman Cables offers its employees inclusive share ownership plan

Plan will serve as a core driver to improve employee engagement

Oman Cables races ahead toward sustainability targets

In line with Sultanate’s 2050 Net-Zero Carbon Vision