Oman is expected to emerge as one of the Middle East’s strongest long-term tourism growth markets despite short-term geopolitical disruptions weighing on the regional travel industry, according to new forecasts released by the World Travel & Tourism Council (WTTC). The WTTC’s latest Economic Impact Research (EIR): Global Trends Report projects Oman’s Travel & Tourism economy […]
Energy Development Oman (EDO) is undergoing an administrative restructuring to establish intermediate holding companies for its oil, gas and industrial activities, signalling a strategic evolution of the Sultanate’s national energy company as it prepares for potential expansion across the energy value chain. The restructuring was highlighted by Fitch Ratings in its latest credit assessment of […]
SALALAH: Greater Salalah’s new structural framework proposes integrating the Port of Salalah, Salalah Free Zone and Salalah Airport into a single economic growth strategy, aiming to strengthen links between logistics, manufacturing, investment and urban development as the city prepares for long-term expansion through 2040. Presented during a workshop on the final framework of the Greater […]
MUSCAT, JULY 2 Oman’s economy grew 2.58 per cent in real terms in the first quarter of 2026, but weaker performance in manufacturing and construction showed that the next phase of diversification will depend increasingly on productivity, investment depth and stronger non-oil industrial activity. The Ministry of Economy’s June 2026 Economic Performance Bulletin shows that […]
Electric vehicles are steadily gaining traction in the Sultanate of Oman, marking a significant shift in consumer behaviour and the country’s mobility landscape. What was once considered a niche or experimental choice is now rapidly evolving into a mainstream alternative, driven by economic, environmental and policy factors. Recent data shows strong growth in EV adoption, […]
MUSCAT, JUNE 14 Oman’s natural gas market is entering a more complex phase of structurally rising demand, even as supply growth remains comparatively constrained, according to Integrated Gas Company (IGC), which continues to play a central role in balancing allocations across power generation, industry, and strategic economic projects. Speaking on the evolving gas landscape, CEO […]
MUSCAT, JUNE 9 The Ministry of Commerce, Industry and Investment Promotion (MoCIIP), represented by the Competition and Monopoly Prevention Centre, held a specialised two-day workshop to review the construction materials sector in the Sultanate of Oman, in cooperation with the United Nations Economic and Social Commission for Western Asia (ESCWA). The workshop brought together senior […]
IBRI: Al Dhahirah Governorate is strengthening its position as one of Oman’s emerging economic centres, supported by rising investment activity, expanding commercial registrations and continued infrastructure development. Data for the first quarter of 2026 showed that the number of new commercial registrations in the governorate increased by 49.5 per cent to 139, compared with 93 […]
The Sultanate of Oman has recorded a growth in the use of Digital Payment Methods by 2025, reflecting a Qualitative Shift in consumer behavior, and a significant growth in commercial activity and an increase in purchasing power, driven by the development of e-commerce and traditional infrastructure. Data issued by the Central Bank of Oman showed […]
MUSCAT: The Board of Directors of Bank Nizwa has recently announced the appointment of Tariq Atiq as Chief Executive Officer of the bank. This appointment underscores the bank’s continued commitment to empowering Omani talent, reinforcing leadership continuity and driving long-term strategic growth. It also reflects Bank Nizwa’s vision of building a future-ready leadership team capable […]
