Trade News

The meeting discussed maximising benefits of the Free Trade Agreement between Oman and the US.

The ranking reflects the Sultanate's efforts to improve its business environment.

The Zone is a vibrant hub with diverse activities contributing to the economy by attracting key sectors.

Ministers met with the aim of preparing a Free Trade Agreement.

Aspects of enhancing trade cooperation between the two friendly countries were discussed.

More than seven million passengers travelled onboard more than 53 thousand flights.

Oman's GDP reached 9.54 billion Omani Rials compared to 9.37 billion Omani Rials during the same period in 2023.

The Ministry of Energy and Minerals represented the Sultanate at a symposium in Amsterdam.

Oman rose to 53rd place globally and 4th place regionally.

Salalah Port also claimed the top spot in the West Central and South Asia region.

The increase is due mainly to the rise in the value of oil and gas exports.

The pre-2020 banknotes can be exchanged until December 31st of this year.

Oman also took part in an exhibition to help open new markets for Omani exports.

The ratio of public debt to GDP has dropped by more than 2.5%

Increased gas production and efforts to diversify the economy are the main drivers of growth in the Sultanate.

The agency credits the decline in public debt and its positive impact on finances.

Real GDP grew by 1.3 percent in 2023 supported mainly by the expansion in non-oil activities.

Oman's Minister of Trade, Industry and Investment Promotion said the state visit of His Majesty will help develop a vibrant economy.

Oman is presenting its vision to become one of the largest exporters of low-carbon hydrogen by 2030.

The strong Omani-Uzbek relations were discussed and ways of developing economic relations were explored.