Oman’s economy to grow by 2.2% in 2021:IIF
IIF mentioned they expect fiscal deficit to narrow to 2.3% of GDP...
Oman
Oman’s GDP increases by 10.1% to reach OMR15.3 bn market price during Q2 2021
The petroleum sector also registered an increase of 8.7%...
Global Sukuk issuance reaches $100 bn during H1 2021
Sukuk market saw a strong start to the year and crossed the...
VAT in Oman and its economic implications
Oman recently introduced a 5% value-added tax (VAT), becoming the fourth Gulf...
Petroleum Development Oman signs $4 bn service contracts
The new contracts worth $4 bn is expected to boost the Omani...
Sohar Port to be expanded in the future
The expansion is expected to bolster Sohar Ports’ potential in the regional...
Gulf economic rebound to continue this year, says analysts
The Kingdom’s economy is also expected to surge 3.2 percent next year...
Shell establishes its first photovoltaic (PV) solar project in the Middle East
The company has rolled out the 25-megawatt Qabas solar plant in the...
Oman eyes fresh loans up to $2 bn from regional and local banks
The Sultanate held talks with different banks for the development in November...
Sainsbury’s to set up new operations hub in Oman’s Sohar Port
The company’s distribution arm International Distribution Network has selected National Bank of...