14/03/2021 Conrad Prabhu
Muscat, Suhar, Duqm to emerge as major cities by 2040
14/03/2021 Oman Observer
Oman’s vision 2040 targets doubling of annual income
By Times News Service timesofoman.com
GCC debt issuance at record high in Q2, 2019
Benchmark global bond yields continued to trend down in 2Q19 amid ongoing trade tensions, central bank dovishness and signs of slowing economic growth, according to a report by NBK’s Research Department. GCC bond yields tracked their global counterparts lower and indeed saw steeper declines partly on increased demand due to…
Oman Masirah Block on track for the first oil by year-end
Rex International Holding Limited, the majority shareholder in Masirah Oil Limited (MOL) — which has a 100 per cent interest in the offshore Block 50 enveloping Masirah Island — says it is on track to bringing its landmark ‘GA South Discovery’ — the first of its kind off Oman’s eastern…
Half a billion invested in fisheries projects
Work is continuing on 10 fishery projects in Oman that have seen investments of nearly half a billion rials, as the country moves to become more self-sufficient in terms of food security. The 10 projects have been listed in the annual report of the government’s Implementation, Support and Follow-up Unit…
Oman’s GDP up by 12 percent in 2018
Muscat: Oman’s nominal Gross Domestic Product (GDP) has continued to expand at a robust pace and grew by 12 percent during 2018 as against 7.3 percent in the previous year, according to a bulletin issued by the Central Bank of Oman (CBO).
50,000 new businesses registered in Oman in first quarter of 2019
Muscat: Nearly 50,000 businesses have been registered in Oman in the first quarter of 2019, the Ministry of Commerce and Industry has said. This was followed by export and import services with 6,491 new registrations.
Fast-tracking Oman’s economic development
Oman is on the right track to beat slowdown as a result of its world-class infrastructure and more importantly the new laws designed to lure investments. The country has all what it needs to drive the economy forward.
Hotel valuations to rebound in Muscat
Muscat: Hotels in Muscat will increase in value by nearly 22 per cent by 2022, largely erasing the loss of value of hotel investments witnessed over the period 2015-2018, according to hotel and hospitality analysts, HVS.