The International Monetary Fund (IMF) stated on Sunday that Oman’s fiscal deficit and debt are projected to fall dramatically after soaring last year, as the Gulf state pursues a medium-term plan to
More
According to two sources familiar with the situation, Oman’s government is working on an environmental, social, and governance (ESG) framework that might allow the chronically indebted Gulf oil-producing country to diversify its
More
According to diplomats, the UK will bring up the deadly tanker attack off the coast of Oman at a closed-door United Nations Security Council (UNSC) meeting on Friday, but the 15-member body
More
The Panama-flagged Asphalt Princess was identified by Oman on Wednesday as a tanker engaged in a hijacking that the UK’s maritime trade agency had previously declared over, according to Reuters. The Maritime
More
According to the chief executive of Oman’s state-owned ASYAD Group, the company is exploring the possibility of buying ports and terminals overseas and may sell assets outside of its core logistics business,
More
On Monday, a joint statement was issued by Saudi Arabia and Oman, indicating that the two Gulf neighbors agreed to enhance further their bilateral relationship in various fields, including the political, security,
More
Oman’s Sultan Haitham bin Tariq Al Said embarked on a two-day official visit to Saudi Arabia on Sunday. This is his first official foreign trip since assuming power last year. The visit
More
Oman has requested technical support from the International Monetary Fund (IMF) to help the government create a medium-term debt strategy and enhance its fiscal framework, according to the IMF. Last year’s twin
More
Oman’s year-to-date budget deficit was 890.2 million rials ($2.32 billion) in May 2021, according to the Ministry of Finance, as low oil prices and decreased crude output placed pressure on the small
More
On Monday, the ambassadors of five Arab countries to Rabat participated in a group visit to the Sahara region. The news of the visit came in a tweet published by the official
More