Oman’s GDP up by 12 percent in 2018

Muscat: Oman’s nominal Gross Domestic Product (GDP) has continued to expand at a robust pace and grew by 12 percent during 2018 as against 7.3… Read more

50,000 new businesses registered in Oman in first quarter of 2019

Muscat: Nearly 50,000 businesses have been registered in Oman in the first quarter of 2019, the Ministry of Commerce and Industry has said. This was… Read more

Fast-tracking Oman’s economic development

Oman is on the right track to beat slowdown as a result of its world-class infrastructure and more importantly the new laws designed to lure… Read more

Hotel valuations to rebound in Muscat

Muscat: Hotels in Muscat will increase in value by nearly 22 per cent by 2022, largely erasing the loss of value of hotel investments witnessed… Read more

Iranian minister for Industry, Mines and Trade visits Oman

Muscat: A delegation chaired by Reza Rahmani, Minister of Industry, Mines and Trade of the Islamic Republic of Iran, visited on Thursday Al Rusayl Industrial… Read more

Oman gets $19.6bn FDI in 2018

The sultanate received US$19.6bn as foreign direct investment (FDI), the maximum in the Arab world during 2018, a new report by the Arab Investment and… Read more

‘New laws to boost investment climate in Oman’

The new Foreign Capital Investment Law will open new avenues for investment in the sultanate. This law will be complemented by the Law on Partnership… Read more

Why is honey in Oman creating a business buzz?

In the Al-Hajar mountain chain of northern Oman, what appears to be just a pile of logs is actually an apiary of beehives. This is… Read more

Duqm fishing harbour depth to be increased

Duqm: Yahya bin Said Al Jabri, Chairman of the Special Economic Zone Authority of Duqm (Sezad), announced that Sezad has decided to increase the depth… Read more

Polymer manufacturing plant inaugurated

Muscat: The Sultanate’s first-ever polymer manufacturing plant has been inaugurated on Monday under the auspices of His Highness Sayyid Asaad bin Tariq Al Said, Deputy… Read more