Oman Commercial Arbitration Centre unveils

Meeting witnesses signing of five MoUs to support the arbitration and mediation ecosystem in the Sultanate of Oman

Oman oil price falls 57 cents

The official price of Omani crude oil for delivery next November reached $111.10.

Muscat Stock Exchange launches Shariah-compliant

The Muscat Stock Exchange (MSX) has launched a Zakat Calculator service to help investors determine the Zakat due on their investments in listed companies and funds.

Asian stocks mixed as oil prices rise

Asian stock markets traded mixed today, with oil prices rising after a decline in crude prices last week helped US stocks post their first weekly gain in three weeks.

GCC tourism economy climbs to $254.7 billion in

The direct and indirect economic value of tourism across the Gulf Cooperation Council countries rose to around $254.7 billion in 2025, while the sector supported about 4.5 million jobs, underscoring tourism’s growing role in the region’s economic diversification drive.

Oman hotel revenues fall 11% to RO 156.5mn as

Revenues of three- to five-star hotels in Oman declined by 11 per cent to RO 156.544 million by the end of August 2026, while overall guest numbers fell 10.7 per cent compared with the same period last year, according to official data.

Oman’s Duqm Refinery hits 110% capacity as

Duqm Refinery has strengthened its position as a major strategic partnership between Oman and Kuwait, recording revenues of approximately $7 billion in 2025 and operating at around 110 per cent of its design capacity during 2026.

Oman keeps inflation contained at 2.9% despite

Oman’s inflation averaged 2.9 percent in the first eight months of 2026, staying well below the IMF’s projected global average of 4.7 percent despite continued geopolitical and supply-chain pressures.

Oman Transport Ministry spends over RO188 million

Road infrastructure accounted for the bulk of Transport Ministry development expenditure in the first nine months of 2026, with major highway projects in Musandam and along the Adam-Thumrait corridor leading spending.

Oman holds investment-grade rating as S&P

Standard & Poor’s has affirmed the Sultanate of Oman’s investment-grade credit rating at “BBB-” with a stable outlook, citing continued fiscal consolidation, stronger economic performance and improvements in the country’s financial and external positions.

Oman’s new public joint-stock company rules

Oman’s Financial Services Authority has introduced new regulations governing public joint-stock companies, setting clearer requirements for market disclosures, shareholder protection and procedures when companies cease operations or lose their licences.

Mohsin Automobiles appointed as XPENG’s

Leading the Future of AI Mobility: Strategic agreement marks the official entry of XPENG’s intelligent mobility vehicles into the Sultanate.