Muscat: Oman’s development expenditure reached RO 1.577 billion in 2025, exceeding the approved budget allocation by RO 437 million, as the government increased funding to accelerate the implementation of approved projects across various sectors. According to the State Final Account for Fiscal Year 2025, the additional allocations were directed to government entities and governorates to […]
MUSCAT, JUNE 21 The Wilayat of Barka is witnessing growing momentum along its coastline, with the Al Muraisi waterfront project nearing completion, while Barka Marina stands as an integrated investment addition strengthening the wilayat’s position as a rising tourism destination on the Al Batinah coast. Barka Marina is designed as a comprehensive destination, featuring 450 […]
MUSCAT: Oman’s public revenues rose 8 per cent in 2025, helping narrow the fiscal deficit by more than a quarter, as stronger oil and gas earnings offset higher spending on subsidies, development projects and social programmes, according to final budget figures released by the Ministry of Finance. Actual public revenues reached RO 12.122 billion in […]
Muscat: Enegix Global, a multi-jurisdiction digital infrastructure and Bitcoin mining group, has announced that it has been appointed as the technological and liquidity infrastructure provider for Omanhash.om, described as the Sultanate of Oman’s first national digital mining pool. The launch of Omanhash.om marks a significant step in Oman’s efforts to attract large-scale cryptocurrency mining investment […]
Muscat: The International Monetary Fund (IMF) has commended the resilience of Oman’s economy and the continued momentum of its structural reforms, following the conclusion of its Article IV consultation mission to the Sultanate of Oman for 2026. A team from the IMF, led by Abdullah AlHassan, visited Muscat from June 7 to 15 to discuss […]
The Central Bank of Oman (Oman) recently announced that local banks in the country will soon issue a national payment card under its supervision. It is an extension of the national payment systems, Oman Net. According to the CBO, the card will provide a secure and seamless local payment experience within the Sultanate of Oman, […]
Muscat: Oman’s air traffic controllers have been praised by aviation industry leaders for their exceptional handling of increased flight movements during the early stages of the recent Middle East conflict, ensuring smooth operations despite a significant surge in air traffic. Kamil al Awadhi, Regional Vice President for Africa and the Middle East at the International […]
The Central Bank of Oman (CBO) has revealed the brand identity of the national payment card, which will be called ‘Maal.’ Banks in the Sultanate of Oman are already working on the project, which, according to sources, will be launched in the coming months. Maal will be a step toward achieving local self-sufficiency and continuing […]
MUSCAT, JUNE 8 Oman will see its crude oil production increased by 5,000 barrels per day (bpd) in July 2026 under the latest output adjustment agreed by Opec+, lifting the Sultanate of Oman’s production ceiling to 831,000 bpd. The increase forms part of a collective decision by seven Opec+ producers — Saudi Arabia, Russia, Iraq, […]
MUSCAT, JUNE 13 Chinese investors unveiled ambitious plans to establish a major solar manufacturing complex and a regional cybersecurity hub in Oman, underscoring growing international confidence in the Sultanate of Oman’s industrial, digital and clean-energy ambitions under Oman Vision 2040. The announcements were made during the Oman Future Fund (FFO) investment showcase on Tuesday, where […]
