Trade News

International guest numbers and hotel revenues rose sharply.

An International Monetary Fund team highlighted the prudent fiscal approach adopted by the Government.

Oman's first renewable energy storage project is expected to be announced soon.

They discussed ways to strengthen and expand trade and investment relations between Oman and Iran.

The combined GCC economy now ranks 11th in the world, thanks to significant progress among the world's economic blocs.

The Forum reviewed opportunities for strengthening trade and building investment partnerships.

The session discussed the current challenges facing the multilateral trading system.

The Omani Trade Office in the United States aims to support Omani exports to the US market.

A high-level investment delegation from Hong Kong discussed investment partnership opportunities with Oman.

ITHCA Group signed a strategic investment agreement with the American company Lumotive.

The project will produce two million tonnes annually, with an investment of more than OMR 13 million.

The international investment forum hosted more than 250 senior officials, decision makers and regional and international investors.

Representatives of 54 Russian tourism companies learned about Oman's tourism potential.

The agreement covers preparation, equipping and initial operation of the airport.

The national carrier will operate four weekly flights to and from Muscat.

The visit was to view the site designated to receive liquefied hydrogen from Oman in 2030.

This agreements are a key step in establishing Oman as a global hub for green hydrogen production and export.

Initial project investment of around 200 million US dollars will help create more than 1,000 jobs.

During their visit, the Algerian delegation visited Salalah Port and Free Zone.

Omani companies participating in the Sultanate's Expo pavilion will explore new opportunities with Japanese firms.

S&P says Oman’s BBB- stable rating is thanks to improved public finances and strengthened financial resilience.

Overall Oman's GDP grew by 1% to the end of 2024.

Omani ports achieved a 15% growth in cargo handling in 2024.

The meeting emphasised the role of economic diplomacy in attracting more foreign direct investment to Oman.

The Chief Economist of Oman Vision 2040 noted the importance of these indicators in attracting foreign investment.

Oman's pavilion witnessed a significant turnout from visitors and participants thanks to its rich tourism products and archaeological assets.

This increase highlights Oman’s success in positioning itself as a key global investment hub.

The opening ceremony of the station was sponsored by Salem Nasser Alaufi, Minister of Energy and Minerals.

This move seeks to achieve SalamAir’s defined growth targets for the next five years and to boost tourism.

Under the MoU, both countries will develop bilateral cooperation in various tourism-related fields.

Omani technology firms signed cooperation agreements worth OMR 4.5 million at LEAP 2025.

The meeting aimed to strengthen the partnership between Oman and the UK and open new horizons for cooperation and knowledge exchange.

They discussed economy and trade, and ways to enhance partnerships and to address regional economic challenges.

The meeting discussed recommendations from the Qatar Oman Investment Forum.

His Majesty gave directives for establishing the Court of Investment and Trade.

The protocol will help strengthening economic ties between Oman and India.

His Conference speech highlighted the promising opportunities to enhance trade between Oman and Egypt.

Participation in the international tourism event aimed to highlight the extensive tourism potential of the Sultanate of Oman and explore new avenues to enhance cooperation with Spain.

The agreements concern the exploration and mining of copper ore and other minerals, and the extraction of sea salt.

The event is discussing the use of artificial lift techniques to upgrade oil well productivity

The OCCI delegation is exploring opportunities to boost trade and investment between the two countries.

The meeting aimed to strengthen trade between the two brotherly countries.

The new logo aims to reinforce positive perceptions of Oman locally, regionally and globally.

Positive developments have resulted from the continued implementation of government measures and initiatives.

The shipment is the first under a new 10-year LNG supply agreement with Shell.

The Ministers discussed developing maritime corridors between Oman and Egypt.

The consensus is that the budget maintains support for social spending, while reducing the cost of public debt.

The resumption of copper exports reflects Oman's commitment to diversifying its economy.

Oman's GDP recorded a 1.9% increase by the end of the third quarter of 2024.

The new route means passengers from Oman can travel directly to Rome for the first time ever.