SALALAH: The final Greater Salalah Structure Plan has outlined an estimated RO 4.3 billion investment programme through 2040, identifying 261 proposed interventions to support the city’s long-term economic, urban and infrastructure development. Presented on Monday, July 13, during a workshop on the final general framework of the plan, the programme comprises 114 proposed capital projects […]
BUSINESS REPORTER MUSCAT, JULY 1 The Financial Services Authority (FSA) has approved the share allocation ratios for the initial public offering (IPO) of the Oman India Fertiliser Company (OMIFCO), following its review of the subscription results. The results showed that total subscription proceeds exceeded the value of the offer by 3.909 times for the individual […]
MUSCAT, JUNE 22 Oman’s transport and storage sector contributed RO 2.3 billion to the national economy in 2025, accounting for 3.6 per cent of gross domestic product, as rising cargo volumes, expanding port activity and continued infrastructure investment reinforced the sector’s role in the Sultanate of Oman’s diversification strategy. According to the Ministry of Transport, […]
MUSCAT, JUNE 21 The Special Economic Zone at Duqm (SEZAD) has highlighted major tourism and energy developments with a combined value of approximately $1.39 billion, reflecting the scale of projects planned and under development in the fast-growing economic hub. Among the projects showcased is a tourism development valued at $480 million under a cooperation memorandum […]
MUSCAT: Oman’s trade surplus remained broadly stable at RO 1.54 billion in the first quarter of 2026, as a decline in exports was largely offset by lower imports, according to preliminary data released by the National Centre for Statistics and Information (NCSI). The surplus compared with RO 1.53 billion recorded during the same period of […]
MUSCAT: Oman’s salt industry is entering a new phase of industrial development, supported by investments exceeding $1 billion and a growing focus on value-added manufacturing that could transform one of the country’s oldest natural resources into a significant contributor to economic diversification. The Ministry of Energy and Minerals said the sector is moving beyond traditional […]
MUSCAT: The Central Bank of Oman (CBO) will host the 17th Islamic Financial Services Board (IFSB) Summit in Muscat from February 2–4, 2026, under the theme “Islamic Finance for the Future: Unlocking New Horizons with Global Impact”. The summit will bring together central banks, regulators, international organisations and industry leaders to explore the growing role […]
MUSCAT, NOV 5 The Sultanate of Oman’s banking sector has continued to demonstrate resilience and stability, with total assets projected to reach RO 47.8 billion by 2025, almost doubling from RO 25.8 billion in 2015, according to figures presented during the Building a Future-Ready Bank summit organised by Cedar-IBS Intelligence. The report indicates that Oman’s […]
MUSCAT: The investment promotion sector in the Sultanate of Oman is seeing a quantum leap, represented in the efficiency of the integrated system for attracting capital and supporting sustainable economic diversification. Ibtisam bint Ahmed al Farooji, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, said that the volume of foreign […]
MUSCAT: Total credit extended by Oman’s banking sector reached around RO 35 billion by the end of November 2025, representing an increase of 8.8 per cent. Credit to the private sector grew by 6.9 per cent to RO 28.7 billion, reflecting sustained lending activity. Data from the Central Bank of Oman showed that the largest […]
