A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
OmanQThe second phase of the ban on plastic shopping bags in Oman will come into effect on January 1, 2025. During this phase, stricter measures will be applied to single-use plastic bags, especially thin bags that have a…
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Sembcorp Industries announced that the Manah II Solar project in Oman has successfully completed its acceptance tests and is ready for commercial operations more than four months ahead of schedule. Sembcorp’s First Renewable Energy Project in the Middle…
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Oman's Gross Domestic Product (GDP) at constant prices reached RO 28.146 billion ($73.1 billion) by the end of the first nine months of 2024, showing a 1.9% increase compared to RO 27.632 billion ($71.8 billion) in the same…
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The Authority for Public Services Regulation (APSR) in Oman has announced revised electricity tariffs set to take effect on January 1, 2025. The new structure, approved by Salem bin Nasser bin Saeed Al Aufi, Chairman of the APSR…
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Oman’s oil production saw a decline of 5.1% in 2024, with total output reaching 332.7 million barrels during the first 11 months of the year, down from 350.5 million barrels in the same period of 2023, according to…
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Today, Sunday, December 29, 2024, marks the final opportunity for Omani citizens and residents to participate in the official Oman brand logo selection campaign. This campaign offers a unique chance for everyone to play a role in shaping…
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According to (Fitch Ratings), the debt capital markets (DCM) in the Gulf Cooperation Council (GCC) countries are expected to experience significant growth in 2025. The GCC will remain one of the largest issuers of emerging-market dollar debt (excluding…
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The Central Bank of Oman has issued a notification to all active banks and financial leasing companies in the Sultanate, announcing that the deadline for monthly loan repayments for citizens who have lost their jobs has been extended.…
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Oman has reached 100% self-sufficiency in cucumber production, 95% self-sufficiency in pepper production, and 83% self-sufficiency in tomato production. Cucumber Production According to the Ministry of Agriculture, Fisheries, and Water Resources, 103,200 tons of cucumbers were produced in…
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The Sultanate of Oman has expressed its deepest condolences to the governments and people of Azerbaijan and Kazakhstan following the tragic crash of an Azerbaijan Airlines plane near the city of Aktau in western Kazakhstan. In a statement…
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