Oman: The Gulf’s quiet economic success
Over the past five years, FDI in Oman has grown by 17.6%, reaching a cumulative value of OMR 26.7 billion...
Tag : Oman
Oman’s Islamic banking assets surge 17% to USD 22.3 billion in 2024
According to CBO, the Islamic banking sector in Oman has been steadily growing, which is indicative of the growing demand for financial services that adhere to Shariah and its role in the nation's banking sector...
Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025
The Sultanate of Oman's sovereign wealth fund, the OIA, released economic projections earlier this week that are in line with this GDP growth estimate at constant prices...
Oman wealth fund buys stake in Elon Musk’s AI company
Elon Musk said that the partnership with XAI would yield results in developing superintelligent AI capable of solving numerous problems...
Oman sees 10% increase in air fares, says ACI report
The UAE saw a 22% increase in fares, while Oman experienced a 10% increase...
Oman’s public revenues see annual rise of 2.3% as oil earnings increase
In August 2024, Oman's public revenue in the second quarter decreased by 2% year over year to USD 16.1 billion...
Saudi Arabia & Oman to enhance trade partnership
Trade between Oman and Saudi Arabia was worth SR 22.5 billion, while Saudi exports to Oman totalled SR 36.8 billion...
Oman witnesses significant progress in construction of Manah solar project
An important part of Oman's larger initiative to switch to renewable energy is this development...
Dar Global plans USD 300 million investment in American real estate market
Dar Global CEO said that Dar Global has been holding meetings with leading real estate developers, but he would not name the companies that it might collaborate with...