Oman Economy Sector Research Highlights

Economic News

Gulf countries look to space to harness scientific and commercial opportunities
OBG
plus

– Space sector could galvanise diversification in technology, defence and tourism – Newly established Saudi Space Agency is projected to accelerate investment – The UAE is expanding its capabilities in exploration and satellite imaging – Global partnerships with Chinese and Western firms prioritise localisation In the push to embrace emerging technologies and harness their…

Market Profile Video

Oman leverages non-oil sector development to propel economic growth

Oxford Business Group has launched The Report: Oman 2023, highlighting how the sultanate is diversifying its economy, and accelerating privatisation and Omanisation. Supported by a robust and well-regulated banking sector, the country has renewed efforts to prepare for a post-oil economy by developing the financial technology ecosystem to increase financial inclusion, as well as introduce legisla

Economic Snapshots

Oman: Economic Snapshot 2023

Click here to read our Oman Economic Report and Investment Analysis 2023 online …

Analysis

GCC oil revenue surpluses enhance regional integration
OBG
plus

While 2022 was a year of global economic uncertainty fuelled by inflation, geopolitical crises and supply chain insecurity, the Middle East witnesseda second consecutive year of economic growth, with countries in the region investing in new technologies and projects that could herald greater integration in the years ahead. Whereas in October 2022 the IMF’s “World Economic Outlook” projected…

Analysis

MENA nations invest in artificial intelligence to bolster growth
OBG
plus

As part of ongoing efforts to diversify their economies and build a platform for sustainable future growth, MENA nations are increasingly turning to artificial intelligence (AI). A slew of recent investment and initiatives – primarily in academia and the government, but also in the private sector – has reinvigorated interest from industry leaders around the globe in the potential for AI to strengthen…

Analysis

How development plans promote growth and tackle deficit in Oman
OBG
plus

Oman’s 10th five-year development plan, which runs from 2021 to 2025, aims to accelerate economic diversification, foster private sector development and strengthen fiscal stability. The strategy is anchored on the strategic priorities of the long-term Oman Vision 2040 development agenda and builds on the ninth fiveyear plan spanning 2016-20, which aimed to promote human capital development, diversified…

Analysis

How green and social bonds support sustainable growth globally
OBG
plus

Alongside significant political efforts to speed up the energy transition, green finance has been a key tool in financing growth, as governments, international institutions and lenders alike seek to support the shift towards renewables. The issuance of green bonds – financial instruments that fund environmentally sustainable projects – hit a new record of $596.3bn that year, according to the Climate…

Analysis

Reforms undertaken since 2020 strengthen oversight in Oman
OBG
plus

Following the death of Sultan Qaboos bin Said Al Said in January 2020, Haitham bin Tarik Al Said, an Oxford-educated cousin of the late sultan, was named Oman’s new leader. The new sultan had held various government positions over the previous 30 years, including minister of culture and heritage, secretary-general of foreign affairs and head of the Anglo-Omani society. He also led the committee…

Analysis

Talks between the UK and GCC aim to improve trade relations
OBG
plus

As part of plans to expand and diversify its global trade partners and fulfil their respective national development strategies, the GCC has launched negotiations with the UK on a free trade agreement (FTA). This partnership is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses. On June 22, 2022 the two parties signed a joint statement…

Overview

Tips and information for travellers to Oman
OBG
plus

Etiquette Omanis are renowned for being friendly and accepting of Western culture, but it is recommended that visitors be respectful of local customs, values and religion. It is best to err on the conservative side when unsure of local customs. Handshakes are acceptable and widely used in business situations; however, businessmen should wait for the woman to extend her hand first. In social situations…

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Licence or Product Purchase Required

Oman Economy Sector Research Highlights

Featured Sectors in Oman

Featured Countries in Economy

Featured Reports in Oman

Contact Us