Oman

Oman’s trade exchange with European nations witnessed a notable rise by the end of May, reaching 878 million Omani rials ($2.28 billion). This marks a 9.5 percent increase from the 802 million rials recorded during the same period last…
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Oman’s public revenue saw an annual decline of 2 percent in the second quarter of 2024, reaching $16.10 billion, according to the country’s news agency. This reduction, primarily driven by decreases in net gas revenue and current…
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The trade volume between Oman and the Americas reached a substantial 742 million Omani rials, roughly equivalent to $1.9 billion in May. This figure represents a notable increase of 6.6 percent from the same month a year earlier,…
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Oman’s real estate sector saw a total trading value of 1.40 billion Omani rials ($3.63 billion) in the first half of the year, marking a 0.5 percent increase from the same period in 2023. The data, released by the National Center for…
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Oman’s foreign assets reached 7.37 billion Omani rials ($19.1 billion) by the end of May, reflecting a 9 percent increase from the previous year and indicating economic growth and stability. This surge underscores a solid buildup of…
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Japan imported 62.54 million barrels of oil in June, of which the Arab share was 96.3 percent or 60.26 million barrels, according to figures released by the Agency of Natural Resources and Energy of Japan’s Ministry of Economy, Trade, and…
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Private sector credit growth has driven Oman’s total credit balance to 31.1 billion Omani rials ($80.9 billion) by the end of May 2024, marking a 3.2 percent annual increase, according to the latest data from the nation’s central bank.…
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European travelers to Oman helped fuel a 10.2 percent rise in hotel revenue in the first five months of 2024, official data has revealed. Figures from the National Centre for Statistics and Information show that three to five-star…
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Islamic banks in Oman reported total assets of about 7.5 billion Omani riyals ($19.5 billion) by the end of April, a 13.2 percent increase from the previous year. According to official data, this represents 17.7 percent of the country’s…
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A rise in Oman’s non-oil activities boosted the country’s gross domestic product by 0.8 percent year-on-year to 10.45 billion Omani rials ($27.15 billion) in the first quarter of 2024. Preliminary data from the National Centre for…
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