Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.

The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period in 2020.

The visit will explore diverse areas that serve the interests of the two countries.

A US Navy arrived also helped the Iranian seamen with food, water, and medical care.

The inflation rate in Oman rose by 3.35 percent in October 2021 compared to October 2020. Local media reports, citing the latest data from the National Centre for Statistics and Information (NCSI), said the inflation rate also went up by 0.75 percent compared to September 2021. The rise of prices...

Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the issue manager and provides the added...

Omani sailor Ahmed bin Majid has been added to the list of world’s influential personalities on his 600th birth anniversary by UNESCO.

Tuwaiq Sculpture is the second public art programme to be launched as part of Riyadh Art,

Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well as cooperation in the field of medical tourism. They also reviewed the preparations to organize the first virtual exhibition between the Sultanate and Iran. Talks were held between Ridha Juma...

The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali.

As many as 560 foreign companies are operating in the Omani governorate of Al Wusta and their capital investments by the end of September 2021 reached Omani Riyal 1.3 billion ($3.37 billion), an official said. Abdoon Mohammed Al Harsoosi, Director of Commerce, Industry and Investment Promotion inaaaa Al Wusta, said...

There will be over 2,200 people in the bio-bubble this time.

The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of revenue.

The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of $6 billion in 2020 to surpluses of $165 billion in 2021.

Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.

Originally scheduled to take place in Australia and then India, before being chased out of both by Covid-19, the seventh edition of the event begins with a double-header at the 3,000-seat venue outside Muscat. Later Sunday, Bangladesh face Scotland before Ireland, Namibia, Netherlands and 2010 champions Sri Lanka join the...

The grass pitches of the 3,000-seat Al Amerat site are a long way from the days when cricket was first played in the sultanate, often on waste ground.

Moody’s expects Oman’s current account deficit to decline below 4 percent of the GDP in 2021-23 from more than 13 percent in 2020.

Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs, Fitch Ratings has said in a report. “Sukuk supply-demand imbalance will continue to be a key growth factor but not without headwinds,” said Bashar Al-Natoor, Global Head of Islamic Finance,...

The new project, named SalalaH2, will target the production of up to 1,000 tons per day of green ammonia.

Madayn has signed a deal to build a 100MW solar PV farm.

More than a hundred thousand people paid visit to Oman’s pavilion in the first nine days of Expo 2020, according to the state news agency ONA.

The Dolphin Gas Project, a natural gas pipeline to transport Qatari natural gas to the United Arab Emirates and Oman is set to receive $3 billion in financing.

The Muscat Stock Exchange closed on Wednesday, up 0.17%, or 6.9 points, from the previous trading session, which amounted to 3,947 points, after Cyclone Shaheen forced its closure.

Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in the neighboring United Arab Emirates.

Tropical Cyclone Shaheen bore down on Oman on Sunday, killing at least three people, and authorities urged residents to evacuate coastal areas and delayed flights to and from the capital, Muscat. The UAE assured the readiness of all state agencies to monitor weather conditions and follow up on the latest...

According to the National Centre of Meteorology (NCM) latest forecasts, the movement of Tropical Cyclone Shaheen will continue towards the coasts of the Sultanate of Oman on Sunday , October 3, affecting some regions of the country. Some flights to Muscat airport were canceled and a child died in Oman...

S&P has revised up Oman’s credit outlook to positive from stable on the expectation that the sultanate’s reform program will limit increases in government debt in the coming years.

The tropical depression deepened to the Tropical Storm "Shaheen" in the northeast of the Arabian Sea along the Indian-Pakistani coasts Friday, the National Centre of Meteorology (NCM) said.

Oman’s Foreign Minister Sayyid Badr Hamad Al Busaidi and Brunei Darussalam’s Second Foreign Minister Dato Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd Yusof met to discuss joint investments.

The quarry will start with a production capacity of 2.4 million tons of gabbro.

India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’

Oman already has a roadmap ready for a green economy, one which it discussed with the UNEP earlier this month.

The workshop was reportedly aimed at highlighting Oman’s participation in Expo 2020 Dubai through the encapsulation of the country’s civilization throughout history. It also saw Oman highlighting the steps it had taken to boost tourism.

DUBAI: An incubator to support Small and Medium Enterprises in Oman will be established by Oman’s Authority for Small and Medium Enterprises Development (Asmed) in collaboration with Oman Drydock Company. The incubator will be specialized in the logistics sector, supply chains, and services affiliated with the Public Authority for Special...

From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percent

The scheme allows them to manage properties from outside the country through law firms or realtors.

There has been a massive growth in content creation and learners' demand in last two years as the pandemic puts focus the importance of e-learning in the region.

Those who have not filed VAT returns would see a fine of up to OMR5,000 (around $13,000) imposed on them.

Real time data coupled with effective supply chain technology came in handy for the industry after the aviation sector was grounded following the spread of COVID-19 globally.

Oman’s Environment Authority and Petroleum Development Oman have reportedly discussed the policy draft with the United Nations Environment Program.

The meeting was held on Monday at the premises of the OCCI in Muscat.

The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions by cutting the need for trucks and cars.

Oman has suffered a sharp decline in its total actual revenues, falling a staggering twenty percent to $22.1 billion in 2020.

The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices and COVID-19 shock.

The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to the latest Ericsson Mobility research.

The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road Initiative project in September 2013.

The rebranding of AXA to GIG will happen in the next few months.

The two sides have not had a mutual FTA for more than 10 years now.