A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
ConnsectA phone call was held between the Omani Foreign Minister, His Excellency Badr Al-Busaidi, and his Egyptian counterpart to discuss shared issues. These consultations come ahead of the anticipated visit of Iranian official Araqchi to Muscat.
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The Sultanate of Oman is experiencing significant development in the tourism sector, with the total direct tourism GDP expected to exceed 2.2 billion Rial by the end of 2025. This growth is part of ongoing efforts to bolster tourism as a fundamental pillar of the national economy.
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Oman's minerals are among the most important natural resources in the region, playing a vital role in supporting future industries. Oman Minerals Development Company is working to exploit these resources sustainably to enhance the national economy.
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During the first quarter of this year, the Muscat Stock Exchange demonstrated remarkable performance, with growth exceeding 40%, reflecting increasing attractiveness to investors. According to experts, the strength of cash dividends has been a key factor in this growth, contributing to investor confidence and paving the way for new market products.
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The Ministry of Commerce, Industry, and Investment Promotion in Oman announced the completion of the second phase of implementing the decision to combat hidden trade. This decision aims to organize and improve the business environment in the country by targeting institutions violating the laws.
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Iranian Foreign Minister Seyed Abbas Araghchi has embarked on a diplomatic tour that includes Oman. This visit is part of efforts to enhance bilateral relations between the two countries.
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Sultan Qaboos University announced today the registration of two new patents for the year 2026, certified by the United States Patent and Trademark Office. This achievement reflects the university's commitment to promoting innovation and scientific research.
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The Sultanate of Oman celebrates Regional Environment Day on April 24, where the Environment Authority joins regional countries in protecting marine and environmental treasures. This day reflects Oman's commitment to its leading role in preserving the marine environment and biodiversity in the region.
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The decision by the Omani Ministry of Labor regarding the new fee schedule for certain jobs has sparked widespread debate in economic circles. Many are questioning the feasibility of a 65 OMR salary under the current economic conditions.
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The region faces new tensions as Iran closes the Strait of Hormuz, threatening to exacerbate economic and social conditions worldwide.
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