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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Oman year-on-year growth rate touches 15.4 percent

Robust supply chains foster economic stability, attract investments and ultimately contribute to improved living standards. (WAM)
  • The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
  • Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.

Muscat, Oman – Oman’s achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information (NCSI).

The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.

Maritime freight was at the forefront, commanding a significant 54.8 percent share of all inbound goods in 2022.

This highlights the important role by Oman’s port infrastructure in propelling sectoral growth, notably through key players like Sohar Port and Salalah Port.

The aviation sector also took center stage as international flights surged by an impressive 128.2 percent.

This reflects the flourishing air cargo industry and a thriving passenger travel sector, driven by airport expansions and enhanced connectivity.

Roadways witnessed a substantial 23.6 percent increase in new constructions in 2022, further expanding Oman’s extensive network.

This was also evident in a 3.3 percent increase in registered vehicles and a remarkable 29.9 percent of total new driving licenses issued.

Omani logistics has projects lined up like the Oman Logistics Hub and port developments in Salalah and Duqm.

Continuous investments in technology, infrastructure, and skilled personnel are deemed critical to sustaining this momentum and solidifying Oman’s position as a regional logistics powerhouse.