Imperatives of balancing economic growth and diversification in Oman
The data released in the Monthly Statistical Bulletin of the National Centre for Statistics and Information (NCSI) for November 2024 highlights significant developments in Oman’s economic...
New investments spotlight Musandam’s importance
In an era of dynamic global trade and economic interconnectivity, Oman’s Musandam Governorate emerges as a hidden gem with strategic potential. Overlooking the Strait of Hormuz—a lifeline for...
Oman unveils National IP Strategy at key expo
Muscat: Oman’s Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) inaugurated the National Intellectual Property (IP) Exhibition on Monday, November 25, 2024, at the Oman Convention...
Expat numbers dip 1.2% to 1.811m
MUSCAT: The Sultanate of Oman witnessed a subtle decline in its expatriate workforce in October 2024. According to the latest figures released by the Royal Oman Police (ROP), the number of expatriates...
Oman-Hong Kong business forum kicks off in Muscat
MUSCAT: The Oman-Hong Kong Business and Investment Forum commenced at the Oman Chamber of Commerce and Industry (OCCI), underscoring a significant step forward in bolstering economic ties between the...
British Omani Society hosts 3-day NGG delegation
Muscat: The British Omani Society (BOS) successfully hosted a three-day New Generation Group (NGG) delegation in London, focusing on the transformative role of Artificial Intelligence (AI) in...
ICV pivotal to Oman’s economic diversification
MUSCAT, NOV 24Dr Hilal bin Hamoud al Sawai, a leading expert on sustainability and social responsibility, highlights the pivotal role of In-Country Value (ICV) in Oman’s economic future. In an...
OQBI IPO a major milestone for Oman’s capital market
MUSCAT, NOV 19The upcoming IPO of OQ Base Industries (OQBI) marks a significant milestone for Oman’s capital market, offering investors a stake in one of the nation’s most vital industrial...
Initiatives to fuel new phase of Oman’s growth
MUSCAT, NOV 18Oman is poised to enter a new phase of industrial development, driven by its ambitious Industrial Strategy 2040 and Local Content Plan (ICV). These initiatives, launched by the Ministry...
Oman sets new standards in food security
Oman has made substantial strides in the Global Food Security Index, advancing by 13.8 points since 2012, positioning itself as one of the fastest-improving nations in food security. In 2022, Oman...
Omani SMEs still face hurdles in accessing banking credit
MUSCAT, NOV 17The small and medium enterprise (SME) sector plays a critical role in Oman’s economic vision, fueling job creation, innovation, and sustainable growth. For an economy that aims to...
Oman sees significant growth in FDI and industrial exports
Muscat: The Sultanate of Oman has witnessed remarkable growth in foreign direct investment (FDI), which surged by 45.1% during the second quarter of 2024 compared to the same period last year.This...
NCO’s role in driving Oman’s global competitiveness
In recent years, Oman has achieved significant advances in global competitiveness rankings, marking impressive progress across economic, environmental, and technological fronts. These achievements are...
Oman public revenue climbs to RO 8.886 bn as oil earnings surge
MUSCAT: Oman’s fiscal performance report for October 2024 reveals significant developments in revenue generation, public expenditure, and debt management, underscoring the country’s strides in...
Discovering Oman: 30 years of exploration and transformation
For over three decades, a unique relationship has blossomed between a seasoned Austrian traveller and Oman, revealing the story of a country that captured his heart and never let go. Rainer Skrovny,...
Omani-backed OSARA Corporation inks pact with Saudi’s MODON
RIYADH: OSARA Corporation, through its subsidiary OSARA Real Estate Development - a leading Omani investment company that is part of Oman Investment Corporation SAOC - has signed an agreement with the...
Report highlights areas of improvement at Oman Air
MUSCAT, NOV 10The recent annual report of the State Audit Institution of Oman brings valuable insights into potential enhancements for Oman Air’s financial and administrative management from 2018 to...
Key to Oman’s charter aviation tourism success
Oman’s tourism sector is witnessing a remarkable transformation. The latest figures from the 2023-2024 season indicate that Oman’s charter aviation has welcomed over 74,000 travellers, marking a...
Visit Oman inks pact with Passporter
Muscat: Visit Oman, the National Travel Operator, has signed a strategic partnership deal with Passporter, a dynamic travel platform known for enabling travelers to explore destinations through...
Align vocational training with market demands
MUSCAT, NOV 5In an era of rapid economic change, aligning educational pathways with labour market needs is no longer just an advantage — it’s a necessity. The call for reform in Oman’s...