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Total public spending in GCC countries is projected to reach $542.1 billion in 2025
The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East
Oman's decision marks a milestone for the region, where tax-free personal income has long been a defining feature of the social contract
The 5 percent tax will be imposed on a natural person whose total annual income exceeds OMR42,000
The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors
Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts
Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion
Projects include luxury eco-camps and resorts that elevate Oman’s tourism experience and sector development
Muscat International Airport handled 4.22 million passengers by the end of April 2025
The new walkway will connect historic Nakhil Fort with Ain Al Thawra Park over 3 kilometers.
Initiatives include projects that strengthen infrastructure and broaden visitor experiences across the Sultanate
IMF's report emphasizes monetary policy transparency and effective communication with stakeholders
The value of allotted Treasury bills reached OMR2 million for a maturity period of 91 days
Production for Phase 1 is set to begin this June, targeting an annual output of 60 tons
Electrical equipment and machinery manufacturing sector achieved a remarkable growth rate of 141 percent
Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects
Letters of intent reflect strong private sector interest in leveraging the zone as a platform for regional expansion and cross-border trade
Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop
The public will have a long weekend stretching from Thursday, June 5, till Monday, June 9
Mahadha Development Company, an Emirati-Omani joint venture, will be responsible for developing the infrastructure and facilities
Sheikh Hamdan attended the signing of an agreement to develop and operate the first phase of the Al Rawdah Special Economic Zone in the Wilayat of Mahadha
More than 80,000 new homes are projected to be delivered between now and 2040
Oman aims to further rise in the AI readiness rankings and grow AI-related investments by 20 percent annually
The Oman Investment Authority and Algeria’s Ministry of Finance signed an MoU to establish the fund
