Oman

Oman advances 5 places on Government AI Readiness Index 2024

Oman aims to further rise in the AI readiness rankings and grow AI-related investments by 20 percent annually

Oman, Algeria to establish $300 million joint investment fund

The Oman Investment Authority and Algeria’s Ministry of Finance signed an MoU to establish the fund

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

Oman strengthens clean energy push with $565 million solar manufacturing facility

The project will deliver an annual production capacity of 6 gigawatts of solar cells by 2026 

Strong economic indicators signal 3.4 percent GDP growth for Oman in 2025

Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023

UAE, Oman boost bilateral trade and investment ties at Advantage Oman Forum

Non-oil trade between the two countries grew 9.8 percent in 2024 to AED56.2 billion

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985 

Oman: Passenger traffic at Sultanate’s airports surpasses 2.5 million by February

Muscat International Airport carried 2,280,280 passengers by Feb 2025, down 7.5 percent from 2024

Oman: New digital accessibility guide to support developers, foster inclusivity

The guide emphasizes the need for institutions to design applications that meet accessibility standards

Oman, Netherlands forge hydrogen agreements to boost clean energy collaboration

Signing occurred during the "state visit" of His Majesty Sultan Haitham bin Tarik to the Netherlands

World Bank’s IFC inks 3 strategic agreements in Oman to boost economic diversification

IFC and United Solar Polysilicon will support the development of a $1.6 billion greenfield polysilicon plant in Sohar

Arab, Asian, and European stock markets recover, U.S. futures rise amid tariff turmoil

The Saudi TASI index rose by 1.8 percent at the start of trading

Eid al-Fitr 2025 holiday in Oman announced

Official work in Oman will resume on Sunday, April 6, 2025

Elon Musk’s Starlink launches in Oman, eyes regional expansion

Starlink Muscat will cover all geographical areas of Oman with speeds that can reach 100 Megabytes per second

Oman sees 1 percent inflation increase in February 2025

Prices of personal goods up 6.3 percent, transport up 3.4 percent, health up 3.2 percent

Eid al-Fitr 2025: Oman announces holiday for public, private sectors

If the first day of Eid al-Fitr 2025 is Sunday, official work will resume on Wednesday, April 2, 2025

Electricity investment needs to keep up with rising demand

IEA says the world needs to invest $700 billion per year by 2040

Oman’s airports welcome over 1.33 million passengers and 8,983 flights by January 2025

Indian nationals topped passenger numbers at Muscat International Airport with 90,081 arrivals

Oman real estate: Value of transactions surpasses $480.5 million by end of January

Fees collected for completed legal transactions totaled $18.2 million, reflecting an increase of 5.6 percent

Oman’s inflation rate averaged 1.4 percent between 2021 and 2024

The average GDP growth rate at constant prices was 3.9 percent from 2021 to 2023

Oman unveils its first hydrogen refuelling station

The station integrates hydrogen refuelling, EV fast-charging, and traditional fuelling into a comprehensive hub

Oman launches electronic system for issuing securities (E-IPO) to enhance transparency in financial transactions

The electronic system for issuing securities will streamline procedures, reducing time and effort for stakeholders

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue

Oman secures $132.5 million for second phase of Sohar Freezone industrial waste treatment facility

This project will enhance the national economy while advancing sustainability and circular economy goals

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