Economy FeaturedGCC nations to face the worst economic crisis in history, warns IIFPritam BordoloiJune 2, 2020 by Pritam BordoloiJune 2, 2020 GDP of GCC nations to contract 4.4% this year... Read more
Energy FeaturedDevelopment of Oman’s largest solar project makes headwayPritam BordoloiMay 26, 2020 by Pritam BordoloiMay 26, 2020 Arctech Solar produced 575 MW of trackers and shipped the major tracker components to the Ibri II solar power project in Oman... Read more
Featured Oil & GasOil price increases above Dh110 a barrel after reduced activityInternational Finance Business DeskMay 18, 2020May 19, 2020 by International Finance Business DeskMay 18, 2020May 19, 2020 Last month, Opec expected the sector to shrink 6.85 mn bpd... Read more
Aviation FeaturedIATA: Oman’s airlines to suffer revenue losses of $724 mn in 2020Pritam BordoloiApril 29, 2020 by Pritam BordoloiApril 29, 2020 Oman's aviation industry could see 4.3 million fewer passengers in 2020... Read more
Featured Real EstateReal Estate deals in Oman fall by 30.6% in January 2020International Finance Business DeskMarch 25, 2020 by International Finance Business DeskMarch 25, 2020 The number of plots issued also falls by 14.7%... Read more
Economy MagazineHow prepared is Oman to levy VAT?International FinanceMarch 13, 2020March 20, 2020 by International FinanceMarch 13, 2020March 20, 2020 Although the Sultanate’s taxation system is largely unprepared for the implementation of VAT, VAT will benefit Oman’s economy... Read more
Aviation FeaturedOman’s national strategy to enhance aviation sector by 2030International FinanceFebruary 27, 2020March 18, 2020 by International FinanceFebruary 27, 2020March 18, 2020 The National Aviation Strategy will improve the Sultanate’s aviation industry and strengthen the economy at large... Read more
Economy FeaturedOman to introduce 5% VAT in early-2021 to generate additional revenueInternational FinanceJanuary 22, 2020March 18, 2020 by International FinanceJanuary 22, 2020March 18, 2020 The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members... Read more
EnergyRenewable energy to help Oman save up to $1 bnPritam BordoloiDecember 23, 2019 by Pritam BordoloiDecember 23, 2019 Oman plans to generate at least 10% of its energy demands from renewables... Read more
MarketsMSCI Kuwait upgrade to boost ETFs and equitiesInternational Finance DeskDecember 20, 2019January 24, 2020 by International Finance DeskDecember 20, 2019January 24, 2020 The move is expected to generate billions of dollars of inflows into the Kuwait market... Read more