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Oman, Saudi Arabia Ink 13 MoUs on Economic Cooperation

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The Sultanate of Oman and the Kingdom of Saudi Arabia (KSA) have signed thirteen memoranda of understanding to activate joint action in promising economic...

Oman & Saudi Arabia All Set For New Era Of Economic Cooperation

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The Sultanate of Oman and the Kingdom of Saudi Arabia, led by His Majesty Sultan Haitham Bin Tarik and the Custodian of the Two...

Inflation In Oman Rises To 3.35% In October 2021

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The inflation rate in the Sultanate has risen by 3.35 per cent in the month of October when compared with the same period in...

Oman’s Outlook Rated ‘Stable’ By Moody’s; Debt Levels To Drop To Pre-COVID Levels By...

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Moody's Investors Service ("Moody's") changed the outlook on the Government of Oman's issuer rating to stable from negative and affirmed its long-term issuer and...

ECONOMY: Oman GDP Up By 10.1% In Second Quarter Of 2021

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Muscat: Oman's Gross Domestic Product (GDP) increased by 10.1 per cent to reach market prices of RO15,301,900,000 at the end of the second quarter...

Total Outstanding Credit Extended By ODCs Hits RO27.3Bn In End-July 2021

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The total outstanding credit extended by other depository corporations (ODCs) consisting of conventional and Islamic banks in Oman grew by 4.3 per cent to...

Inflation: How Much More Are You Paying For Goods And Services In Oman In...

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Here are the inflation rates on consumer prices in the Sultanate for the month of July 2021 when compared to the same period from...

Revenues Collected By State Budget Fall 9.7%

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Muscat: The State's General Budget collected revenues of RO 4,361.3 million by the end of the first half of 2021, comprising a drop of...

No Advance Salary Before Annual Leave For Oman’s Government Employees: Finance Ministry

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Muscat: The Sultanate's Ministry of Finance has taken a big decision on advance leave salaries for Government and public sector employees. In a decision issued...

HM The Sultan Chairs Council of Ministers Meeting; Introduces New Economic Stimulation Plan

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Muscat: His Majesty Sultan Haitham Bin Tarik presided over a meeting of the Council of Ministers at Hisn Al Shumoukh Palace yesterday . At the outset of...