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 percent in the previous year, according to a bulletin issued by the Central Bank of Oman (CBO).

The French Ambassador to Oman has appreciated the role that the sultanate is constantly playing to ensure peace and stability in the Middle East. “Whether it’s Iran, Yemen or maritime security – Oman plays a significant role.

Muscat: Oman Arab Bank (OAB) announced that it has recently signed a Memorandum of Understanding (MoU) with Innovation Development Oman Holding (IDO Investments), in order to identify and explore potential opportunities for FinTech innovations to be implemented in Oman.

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 followed by export and import services with 6,491 new registrations.

GoAir, India’s low-cost carrier, will commence its operations on the Mumbai-Muscat-Mumbai route starting from July 19 with daily flights to connect across India from this main hub. In March, Muscat airport welcomed GoAir’s inaugural flight from Kannur in Kerala.

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 investments. The country has all what it needs to drive the economy forward.

The State Council on Tuesday evening celebrated the launch of the council’s brand identity and the new-look website under the patronage of its chairman H E Dr Yahya bin Mahfoudh al Mantheri and in the presence of members and the secretary general of the council.

Oman’s Petrogas and Norway-based private equity investor HitecVision have bought a portfolio of French oil giant Total’s North Sea assets in a US$635mn deal.

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 over the period 2015-2018, according to hotel and hospitality analysts, HVS.

H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry, received on Wednesday in his office Reza Rahmani, Minister of Industry, Mines and Trade of the Islamic Republic of Iran.

On a beach in Muscat, Oman’s capital, families gather on a Friday evening to enjoy a brief respite from the scalding heat of this desert country’s summer. Women fully clad in abayas splash amid the gentle waves with their children. Shrieks of laughter fill the warm air.

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 City, a city that falls under Public Establishment for Industrial Estates – Madayn. The Iranian delegation was received by Eng.