MUSCAT: Oman Food Capital (OFC), the food sector investment arm of Oman Investment Authority (OIA), has reported significant growth in its maiden annual report for 2025, marking the first full year following the landmark consolidation of OIA’s food-related investments under one integrated group. Established to build and manage a diversified investment portfolio across food, agriculture, […]
Muscat: When Oman introduced VAT in 2021, the question was whether it would stick. Four years on, the answer is in the numbers. Value-added tax generated RO 631 million in 2025, exceeding the budget estimate of RO 580 million and placing it within touching distance of corporate income tax — the government’s single largest non-oil […]
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: Revenue at Asyad Group has surged nearly sixfold over the past decade, highlighting the rapid expansion of Oman’s national logistics champion as it strengthens its global footprint and supports the Sultanate’s ambitions to become a regional trade and transport hub. The group marked its 10th anniversary this year under the theme “A Decade of […]
MUSCAT: Revenue generated by Oman’s three- to five-star hotels reached RO96.2 million by the end of April 2026, while total guest numbers stood at 696,911, according to data released by the National Centre for Statistics and Information (NCSI). The figures showed Omani nationals remained the largest group of hotel guests, with their numbers rising 3.5 […]
OpenAI has fallen short of its goals for new users and revenue in recent months, sparking concern among some company leaders over whether it can support its extensive data-center spending, the Wall Street Journal reported on Monday, citing people familiar with the matter. Here are a few details: * CFO Sarah Friar has expressed concerns […]
