Tag: economy
Oman’s Trade Balance Records Surplus of RO 6.9 Billion in November 2023
Muscat: The trade balance of the Sultanate of Oman recorded a surplus of RO 6.9 billion at the end of November 2023, compared to...
Sustainable Food Systems Could Yield $10 Trillion Annual Benefits
London: A groundbreaking economic study reveals that a shift to a sustainable global food system could yield annual benefits of up to $10 trillion,...
HM The Sultan Discusses Economic Affairs, Climate Action with German Federal Minister
Muscat: His Majesty Sultan Haitham bin Tarik met Dr. Robert Habeck, Vice Chancellor and Federal Minister for Economic Affairs and Climate Action of the...
OUIC Earns Coveted Insurance Sector Trophy At Alam Al-Iktisaad Awards
Building on its impressive track record as a consistently top-performing entity among public listed companies within the Sultanate of Oman in the Mid Cap...
Framework Agreement Signed for Developing, Operating Shinas Port
The Ministry of Transport, Communications and Information Technology has signed a framework agreement with 'QSS Maritime' to develop, manage and operate Shinas Port. The...
Sohar Noble Metals to set up Vanadium, Niobium Ingots Plant in Sohar Freezone
Sohar Port and Freezone signed a land lease agreement with Sohar Noble Metals (FZC) Company, for the production of Vanadium and Niobium metals in...
Oman’s FDI Rises 23.3% In Q1 2023, Reaches RO21.270 Billion
Oman has reported a significant increase in foreign direct investment (FDI) by the end of the first quarter of 2023. The volume of FDI...
Assets of Oman Investment Authority Increase to RO18 Billion
Oman Investment Authority (OIA) assets by the end of 2022 increased to RO18bn, after realising an 8.8% return on investment during the year.
This was...
Oman Ranks 56th Globally in Competitive Industrial Performance Report 2023
The Sultanate of Oman was ranked 56th globally and 5th in the Arab region in the Competitive Industrial Performance (CIP) Report 2023, issued by...
Oman’s New Labour Law Regulates Market, Introduces Best Practices
The new Labour Law Royal Decree issued by His Majesty Sultan Haitham Bin Tarik is formulated in line with the fundamentals of Oman Vision...
