Oman

Oman’s capital market has attracted investors from 135 nationalities, up from 67 in 2023, supported by favorable policies including low tax rates and flexible capital transfer options. Newly released statistics from the Muscat Stock…
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Oman’s foreign exchange witnessed a 12.8 percent annual increase in the first quarter of 2024, buoyed by a trade surplus attributed mainly to increased oil exports, official data showed. The Gulf state’s overall volume of international…
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Total assets of Oman’s sovereign wealth fund increased by an estimated 7.4 percent year on year to reach 19.24 billion Omani rials ($49.9 billion) in 2023, according to new figures. A report issued by the Oman Investment Authority…
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Namibia scored a nerve-shredding victory over Oman in their T20 World Cup Group B clash in Barbados on Sunday after a low-scoring thriller was decided by a super over. David Wiese was the hero for Namibia, contributing 13 runs in the…
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Oman’s banking sector experienced a 2.9 percent rise in total credit, reaching 30.8 billion Omani rials ($80 billion) by the end of March, official data showed. In its monthly review of banking and monetary developments, the Central Bank…
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Oman’s public debt stood at 15.1 billion Omani rials ($39.23 billion) by the end of March, marking a slight decrease from 15.3 billion rials at the close of 2023. This update comes as the Ministry of Finance disbursed over 206 million…
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Kuwait’s Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah hosted Oman’s Sultan Haitham bin Tareq at Bayan Palace in Kuwait City on Monday for official talks. The leaders discussed the longstanding relationship between their countries and…
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Oman’s industrial infrastructure is set to receive a boost following a new agreement with Saudi Arabia, fostering private sector participation in the country’s economic growth. A memorandum of understanding, aimed at financing the…
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Trade and economic ties between the UAE and Oman are set to further strengthen thanks to the signing of investment deals worth 129 billion dirhams ($35.12 billion). According to a press statement, these agreements cover multiple sectors,…
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Oman’s inflation rate increased by 0.2 percent in March compared to the same month in 2023, driven by a rise in prices of food and beverages, an official analysis showed. Citing data from the National Center for Statistics and…
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