Oman looks to integrated tourism complexes to attract tourists and investors Oman tourism and real estate: $11.4bn plan for 81 hotels and 42,600 housing units with foreign ownership Muscat, Oman, Oman …
CBO launches composite financial stability indicator for Oman
The Central Bank of Oman (CBO) has unveiled the first-ever Composite Financial Stability Indicator (CFSI) for the Sultanate of Oman. The CFSI, outlined in a newly published working paper, serves as a …
Sharakah and Muscat Finance ink deal to drive SME growth
Oman – Sharakah and Muscat Finance have signed a Memorandum of Understanding (MoU) to empower small and medium enterprises (SME) growth and foster impact investment in Oman. Ali bin Ahmed Muqaibal, …
Oman real estate sector records $3.2bn of deals by the end of May
The Oman real estate sector saw the value of deals reach OR1.22bn ($3.2bn) by the end of May, according to the latest data issued by the National Centre for Statistics and Information (NCSI). It …
Value of real estate deals in Oman reaches RO 1.22bn
MUSCAT: The total value of real estate deals in the Sultanate of Oman by the end of May 2023 reached RO 1.220 billion compared to RO 885.6 …
‘Never seen anything like it’: Investigative reporter says Trump’s Oman deal is without precedent
Government ethics experts are already raising alarms about former President Donald Trump’s business dealings with Oman, and New York Times reporter Eric Lipton said on Tuesday that the arrangement …
Non-oil sector to drive Oman’s economic growth in 2023
Muscat – Non-oil sector will drive Oman’s economic growth in 2023, thanks to positive momentum and rapid expansion in a range of sectors in the sultanate, according to a new report.
Vulcan Steel in talks to raise $2.5 billion for Oman project
The plant will be built using funds exclusively from non-bank sources, said the people cited above. In all, the company plans to invest more than $3 billion in the Duqm-based project, a senior …
Oman’s Investment Authority Allocates $260 Mln to Support Muscat Stock Exchange
The Oman Investment Authority (OIA) announced the allocation of 100 million Omani riyals (about $260.8 million) to support the Muscat Stock Exchange through the Liquidity Fund initiative, which is …
Sultan of Oman ratifies an agreement between Oman-Egypt
AlBawaba-Omani Sultan Haitham bin Tariq has issued a royal decree to ratify an agreement between the Omani government and Egypt, aimed at eliminating do …