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Interview

Abdulaziz Al Balushi, Group CEO, OMINVEST: Interview
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Interview: Abdulaziz Al Balushi How do you expect investment inflows to perform over the next 12 months? ABDULAZIZ AL BALUSHI: In 2022 the Muscat Stock Exchange (MSX) initiated steps to help integrate the bourse into the regional ecosystem of stock exchanges. The primary objective was to improve liquidity in the local market, mainly by upgrading the MSX to emerging-market status, which necessitates…
Interview

Sheikh Waleed Khamis Al Hashar, CEO, Bank Muscat: Interview
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Interview: Sheikh Waleed Khamis Al Hashar In what ways is the banking sector supporting economic diversification in line with Oman Vision 2040? SHEIKH WALEED KHAMIS AL HASHAR: Oman’s medium-term fiscal strategy continues to deliver results while economic diversification plans are gaining further traction with sustained focus on strategic sectors like manufacturing, tourism, transport and logistics,…
Interview

Tahir bin Salim Al Amri, Executive President, Central Bank of Oman (CBO): Interview
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Interview: Tahir bin Salim Al Amri What are the expectations for inflation in Oman? TAHIR BIN SALIM AL AMRI: Inflation has remained benign despite a sharp increase in prices globally, mainly due to the exchange rate peg, a cap on retail oil prices and tax exemptions on key items. Overall, we expect inflationary pressure to remain low, notwithstanding some risks from commodity price volatility caused…
Interview

Abdulsalam bin Mohammed Al Murshidi: Interview
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Interview: Abdulsalam bin Mohammed Al Murshidi To what extent are rising interest rates and inflation affecting plans to achieve a diversified economy? ABDULSALAM BIN MOHAMMED AL MURSHIDI: Oman’s economy has recovered from the Covid-19 pandemic, with nominal GDP estimated to exceed $100bn in 2022 compared to $74bn in 2020. In addition to a significant contribution from the energy sector, other areas…
Interview

Qais Al Yousef, Minister of Commerce, Industry and Investment Promotion: Interview
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Interview: Qais Al Yousef Which measures have been taken to create a pro-enterprise environment? QAIS AL YOUSEF: Highlighting the sultanate’s progress in efforts to expand opportunities in the business environment and attract foreign direct investment (FDI), Oman was named fourth in the FDI Standouts Watchlist 2023, a study that assesses the world’s top-50 investment destinations. The National…
Interview

Faisal bin Abdullah Al Rawas, Chairman, Chamber of Commerce and Industry: Interview
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Interview: Faisal bin Abdullah Al Rawas How do you assess Oman’s efforts to enhance its competitiveness on a global scale? FAISAL BIN ABDULLAH AL RAWAS: The government has adopted several policies to ease the intensity of economic fluctuations, such as the restructuring of public finances at the expenditure and revenue level through a value-added tax, and the reduction of subsidies. In addition to…
Interview

Khamis bin Saif Al Jabri, Chairman, Oman Vision 2040 Implementation and Follow-up Unit: Interview
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Interview: Khamis bin Saif Al Jabri How are economic diversification initiatives working to underpin the growth of strategic sectors? KHAMIS BIN SAIF AL JABRI: The national programme for economic diversification, Tanwea’a, is a continuation of the previous government’s National Programme for Enhancing Economic Diversification, or Tanfeedh, launched in 2016. Formed as part of the ninth five-year…
Viewpoint

Sultan Haitham bin Tarik Al Said: Viewpoint
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Viewpoint: Sultan Haitham bin Tarik Al Said Our country is on a march of development into the future, guided by our past. We will utilise all means available to safeguard our gains and accomplishments, and to establish a prosperous future for our young generation in all parts of the country. Guided by Oman Vision 2040, we have implemented social and economic plans and programmes. We have seen gains…
Chapter

The Report: Oman 2023: The Guide
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The Guide contains a selection of hotel and accommodation options throughout Oman for both business and leisure travellers. Helpful information is provided on visa regulations, safety and health considerations, business etiquette, and public and private transport options.…
Chapter

The Report: Oman 2023: Education & Health
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Education, health and other social services are central to Oman Vision 2040, the country’s long-term development framework that aims to create a knowledge-driven, diversified and competitive economy. Indeed, the authorities are working to shift a portion of the local workforce to the private sector, as well as enhance the role of private entities in the provision of both heath care and insurance…