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Fitch Upgrades Oman’s Credit Rating to “BB” with Stable Outlook

Muscat: Fitch Ratings has upgraded Oman’s credit rating to “BB” with a stable outlook. The upgrade reflects the significant improvements in Oman’s fiscal and...
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Saudi Inflation Rises to 2.7% In July on Higher Food Prices

Saudi Arabia's consumer price index rose 2.7% in July from a year earlier, government data showed on Monday, increasing from a 2.3% pace in...
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Hotel Revenues Exceed RO 83 Million in Oman by June 2022

Muscat: The revenues of (3-5) star hotels in the Sultanate of Oman by the end of June 2022 recorded a surge by 121.4% to...
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ECONOMY: Oman’s State Budget Posts RO784M Surplus By H1 Of 2022

Muscat: Total revenues collected by the end of the first half of 2022 amounted to RO6.724bn, comprising a rise of 54.2 per cent compared...
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Foreign Direct Investments In Oman Witness A 19% Increase

Muscat: The total Foreign Direct Investments (FDI) in Oman witnessed an increase over the last year and reached nearly RO 18 billion at the...
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Oman GDP Reaches RO33 Bn by December 2021

Muscat: The Gross Domestic Product (GDP) of the Sultanate of Oman at the end of December 2021 increased by 16.1% to reach RO 33.016...
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United Nation’s Calculations Indicate Improvement in Oman’s GDP

Muscat: Oman is processing its economic progress in line with the United Nation’s National Accounts System for 2008 and the UN “National Classification for...
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Oxford Economics Report: Relaxation The Impetus For Rebound In Middle-East Economies

Muscat: According to the latest edition of the Economic Insight Report, released by Oxford Economics, the overall confidence in the markets is high due...
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Japan’s Economy Experiences First Contraction in 3 Quarters

Tokyo: The Japanese economy fell at a year-on-year rate of 5.1% for the quarter of January – March. The reduction in growth was roughly...
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Value Of Oman’s GDP At Market Price Stands At RO18.2bn

Muscat: The Sultanate's Gross Domestic Product (GDP) fell by 16.5 per cent, reaching RO18.189 billion at current market prices by the end of September...
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