GCC-Thailand trade drops by 50% in 2023
MUSCAT: The trade exchange between countries of the Gulf Cooperation Council (GCC) and the Kingdom of Thailand dropped by 50% in 2023 to $20.3 billion in comparison to $40.6 billion in 2022, marking a...
GCC-China trade reaches $297.9 billion in 2023
MUSCAT, SEP 25 The total trade exchange between countries of the Gulf Cooperation Council and the Republic of China amounted to USD 297.9 billion in 2023, according to recently released data by the...
ICV, Masar and SMEs: Blueprint for Oman’s industrial talent
MUSCAT, Sept 21 A senior Omani industry leader has unveiled a practical blueprint to accelerate workforce development and strengthen local supply chains, drawing on nearly three decades of experience...
First large language model Mu’een launched
MUSCAT, SEPT 8 The Sultanate of Oman, represented by the Ministry of Transport, Communications and Information Technology, on Monday unveiled multiple national projects in the field of artificial...
MoTCIT invites firms to discuss public transport e-ticket platform
MUSCAT, AUG 11 The Ministry of Transport, Communications and Information Technology (MoTCIT) has invited local and regional digital platform and smart application companies to an introductory...
UK–Oman trade falls 4.6% to £1.6 billion
MUSCAT, AUG 10 Total trade in goods and services between the United Kingdom and Oman fell by £76 million (RO 37.24 million approx) or 4.6% over the 12 months ending Q1 2025, based on current prices...
DCO unveils Oman startup guide
MUSCAT: The Digital Cooperation Organisation (DCO) — the world’s foremost international governmental organisation focused on promoting a sustainable digital economy — has recently released the...
Housing sector primary driver of GCC inflation in 2024
MUSCAT: The housing sector contributed the largest share to overall inflation in the GCC, according to a recent report from the GCC Statistics Centre. The sector witnessed the highest inflation rate...
GCC - Hong Kong two-way trade jumps 30%
MUSCAT, JULY 29 The total trade exchange between countries of the Gulf Cooperation Council and Hong Kong increased by 30.91% to reach a value of $14.4 billion in 2021, up from $11 billion in 2020,...
GCC-France trade hits $29.7 billion in 2023
Total trade between countries of the Gulf Cooperation Council (GCC) and France amounted to USD 29.7 billion in 2023, according to a recent report by the GCC Statistics Center. The figure represents an...
Non-bank financing spurs Oman’s private sector growth
MUSCAT: The alternative financing sector is gaining traction in Oman, emerging as a key catalyst for private sector development, according to Olivier Karno, Global Editor-in-Chief at Oxford Business...
Mazoon copper project puts environmental sustainability at forefront
MUSCAT: Environmental sustainability is a key defining feature of Oman’s largest copper mining endeavour, the Mazoon Copper Project, according to Mattar bin Salim al Badi, CEO of Minerals...
GCC-UK trade slides 13.86% in 2023
MUSCAT: The total trade exchange between countries of the Gulf Cooperation Council and the United Kingdom declined by 13.86% in 2023, in comparison to 2022, according to recent data from the GCC...
Newly formed tourism body targets job growth
MUSCAT, JULY 15 Increasing employment within the tourism industry in Oman is amongst the top goals of the newly established Oman Tourism Association. Speaking to the press, the Chairman of the first...
Duqm-2 launch aborted due to technical glitch
DUQM: Etlaq Spaceport’s highly anticipated experimental rocket launch mission “Duqm-2” was aborted due to a technical issue on Sunday. According to the company, the team behind the launch...
First-ever directory of space sector companies unveiled
MUSCAT, JULY 13 The Ministry of Transport, Communications and Information Technology has launched a first-ever directory of space sector companies. The Private Sector Directory Space Sector 2024,...
OIA launches $200 million JV energy transition fund
MUSCAT: Oman Investment Authority (OIA) launched a $200 million joint energy transition fund here yesterday, July 9, 2025. ‘The Energy Transition Fund’ is the result of a partnership between...
Etlaq set for Duqm-2 suborbital rocket launch
DUQM: Etlaq, the MENA region’s first spaceport established at Duqm in the Sultanate of Oman, is preparing for its first experimental rocket launch of the year with the ‘Duqm-2’ mission. The...
OPAZ inks key pacts to kickstart EZAD
MUSCAT: The Public Authority for Special Economic Zones and Free Zones (OPAZ) signed on Sunday, July 6, 2025, a series of agreements and memoranda of understanding (MoUs) related to the establishment...
Oman celebrates International Seafarers
MUSCAT, JULY 2 The Ministry of Transport, Communications and Information Technology (MoTCIT) celebrated the International Day of the Seafarer here on July 2, 2025, under the auspices of Dr Said bin...