Tag: economy
Oman To Kickstart Manufacturing Strategy 2040 With 50 New Investments In Industrial Sector
Muscat: Keeping the aims of Manufacturing Strategy 2040, Oman plans to kickstart the implementation of the same by generating new investment opportunities in various...
Japan Revises Economic Outlook Amidst Downgrade In Expenditure
Japan significantly reduced its economic outlook for May, the first such change in three months. This follows on the heels of the severe state...
Chinese Raw Industry’s Profit Doubles as Demand Soars
According to official data from China’s National Bureau of Statistics (NBS), profits at major Chinese raw material industry’s companies were nearly doubled, year–on–year.
The industry...
Inflation Averages at 1.59% in Oman
Muscat: The National Centre for Statistics and Information (NCSI) reported that the inflation rate for April 2021, had increased by 1.59% compared to last...
Annual IMF Oman Meeting Commences: Medium Term Plan to be Reviewed
Muscat: The International Monetary Fund (IMF) commenced their annual set of meetings with Oman via their Mission which will be conducting a thorough review...
Helios To Build 300 New Telecom Towers In Oman
Musca: UK-based infrastructure management firm Helios Towers has pledged to build at least 300 telecom towers around Oman as part of a landmark long-term...
Oman’s BB- Rating affirmed at Fitch
Muscat: The Fitch Credit Agency reaffirmed Oman’s credit status at ‘BB-‘ level, the same standing as before.
This comes in light of the strict circumstances...
Oman Oil Price Rises By 1.18 US Dollar
Muscat: Oman oil price (July Delivery 2021) today reached 68.43 US Dollars, comprising a rise of 1.18 dollars from the price of yesterday (Monday),...
Japan’s Economy Experiences First Contraction in 3 Quarters
Tokyo: The Japanese economy fell at a year-on-year rate of 5.1% for the quarter of January – March. The reduction in growth was roughly...
PDO Officially Launches Subsidiary Company
Muscat: Petroleum Development Oman (PDO) has officially announced the launch of PDO Services (PDO-S), a Limited Liability Company, and a subsidiary to enable the...
