In late 2025, all three major rating agencies returned the Sultanate of Oman to investment grade. The IMF projects real GDP ...

The economy is expected to contract very sharply in 2020 amid the weakness of oil prices and the disruptions from COVID-19. Fiscal and external deficits will remain under immense strain due to ...

MUSCAT, Oman--(BUSINESS WIRE)--Raysut Cement Company (RCC), Oman’s largest cement manufacturer, scooped seven awards at two Best Employer Brand Awards, one focused on Oman companies and the other on ...

Oman’s largest bank by assets is also the Sultanate’s best bank. It is big in its home territory: Bank Muscat is three times the size of Oman’s second- , third- and fourth-largest lenders combined. In ...

DUBAI, Dec 6 (Reuters) - Oman has set up a new state energy company which will own part of the Gulf nation's largest oil block and be able to raise debt, as the cash-strapped country seeks to offset ...

Nearly a sixth of Oman’s expatriate workers left the Gulf Arab country in the first 11 months of 2020, after losing their jobs because of the coronavirus pandemic, the Times of Oman reported, citing ...

Oman, which hasn’t changed electricity costs for residential consumers since 1987, will start removing power and water subsidies for the biggest consumers as soon as next month as it tries to tame one ...

DUBAI (Reuters) - Oman's economy likely shrank 6.4% in 2020, the International Monetary Fund said on Friday, due to the coronavirus crisis and low oil prices putting a strain on the state's coffers.

The dialogue addressed the ‘Live Oman’ target, which aims to raise quality of life through integrated urban communities ...