Tag: economy
Total Outstanding Credit Extended By ODCs Hits RO 27.8 Billion In November 2021
Muscat: The total outstanding credit extended by other deposit corporations (ODCs) grew by 5.4% to RO 27.8 billion as at the end of November...
Oman’s 2022 General State Budget Aims To Increase Oil Production To 1mn+ Barrels Per...
A Royal Decree issued by His Majesty Sultan Haitham Bin Tarik ratified the General State Budget for the year 2022. And while it grants...
PASI Board Approves Current, Investment Budget 2022
Muscat: The Board of Directors of the Public Authority for Social Insurance (PASI) today held its 4th meeting of 2021 under the chairmanship of...
Middle East Economy Heads Into 2022 On A Firmer Footing: ICAEW Economic Update
The Middle East economy looks to have recovered from pandemic-related losses earlier than expected, thanks to higher oil output and almost complete lifting of...
Oman – U.S.A Free Trade Agreement Video Released
Video source: U.S Embassy in Muscat Youtube Channel
Muscat: The Oman American Business Center (OABC), in cooperation with the Ministry of Commerce, Industry and Investment...
Inflation In Oman Rises To 3.35% In October 2021
The inflation rate in the Sultanate has risen by 3.35 per cent in the month of October when compared with the same period in...
EXCLUSIVE: A Glimpse Into SOHAR Port & Freezone
SOHAR Port & Freezone organised a day-and-a-half tour of their mammoth, state-of-the-art facility on November 21 and 22, 2021. OERLive's Digital Editor, Swathi Suresh,...
ECONOMY: Oman Revenue Increases By RO 7 Billion By End of September 2021
Muscat: The Sultanate of Oman’s public revenue increased by 22.6% by the end of September 2021 to RO 7,367.6 million compared to RO 6,011.8...
ECONOMY : Oman Economy Deemed Stable By Moody’s
Muscat: In its recent announcement, Moody’s changed the outlook on Oman’s credit rating to stable from negative and affirmed its rating at Ba3.
According to Moody’s,...
ECONOMY : How Oman’s Economic Growth Attracts Foreign Investments
Muscat: Oman Chamber of Commerce and Industry (OCCI) has floated a specialized economic study aimed to promote the Sultanate’s competitiveness status, regionally and internationally....
