Oman

Grand Hypermarket at Ruwi aims to provide its customers with a wide range of about 23,000 products, catering to the local and expatriate community in Oman.

The strongest growth in fiscal year 2010 was generated by Middle Eastern, African and Latin American retailers, with Middle Eastern and African retailers generating the highest compound annual growth rate of all regions over the 2005-2010 period.

Spending will continue apace on a wide array of infrastructure projects, notably roads, ports, airports, water supply schemes, sewerage treatment plants, real estate projects and dozens of schools and hospitals.

Omani banks are planning to raise their capital base to meet an anticipated asset growth on the back of better demand for credit.

Oman has a Royal Decree and a vision to produce ten percent of its total electricity requirement from renewable energy resources by 2020.

We cannot deny that the development of railways improved economies, and encouraged new industries to grow and thrive. In Oman, too, its introduction will certainly be a very significant development.

Average tenant budgets have fallen over recent years while, conversely, the expectations of tenants have risen as they seek greater quality and value for money.

Accelerating growth SMEs are not provided funds for many reasons, and therefore they lose great opportunities to boost their market share. This study covered 139 banks in 16 countries in the MENA region.

The budget aims at providing employment for 36,000 people in the government sector this year, including defence forces.

The new golf course opened last week at the Wave Muscat is all set to boost Oman's ambitions to lure in more tourists into the country and expand its economy to create more employment.

Oman continues to feel a pinch of the crisis by registering a huge 13 percent fall in cement prices in the nine months of 2011, compared to the previous year and declined 19 percent since the year ended 2010.

According to official data from the Central Bank of Oman, there was no change in inflation in the housing, electricity and water component of the CPI over the second quarter of 2011 versus a 14.8 percent decline over the third quarter in 2010.

Despite adverse international developments, the Omani banking sector continued to exhibit optimism and resilience during 2011

Family businesses make up for an overwhelming share of the national economy in both Oman and Germany." The future of family-owned businesses is key to Oman's economic development model.

By introducing more renewable forms of energy such as solar and wind power, and improving the quality of building construction, Germany has become more energy efficient and is known for its state-of-the-art clean energy industry.

In the retail sector, five current developments will deliver an additional 100,000 square metres of good quality retail space into the market over the next 18 months, adding to the 300,000 square metres that is currently available.

Despite the impact of the global recession, indicators suggest that Oman's economy is expected to recover and grow with government income rising to RO5,443 million in the first half of 2011.

Demand in the residential rental market in Muscat has remained steady with the expectation that it will rise as the economy continues its recovery.

Virtual organisations are groups of individuals or individual companies who are connected online and collaborate for efficient business, and while they are gaining popularity in the Sultanate, the legal and financial frameworks to support them still need to be examined.

The rankings for the Middle East include Bahrain 11th; UAE, 14th; Oman, 28th (up 15 places from 43rd from last year); Kuwait, 47th; Jordan 62nd; Israel 83rd; Egypt 93rd and Tunisia 94th.

Oman has a very unique opportunity, it can take lessons from abroad when it takes on Islamic finance within its own borders.

There is a need to scientifically plan the future of Oman transport system for providing a better level of service, and avoid peak hours culminating into peak periods, thus moving more people rather than vehicles.

Moody’s Investor Services said yesterday that while the country continued to rely on revenue from the oil and hydrocarbon sectors, banks would continue to suffer the effects of volatile global markets.

At the end of June 2011, private deposits at commercial banks in the Oman Sultanate rose by 6.2%

As new Islamic institutions and conventional banks gear up to launch their sharia-compliant services, the central bank is in the process of developing the regulations needed to provide the proper environment and oversight for Islamic banks.

The Sultanate of Oman and Jordan lead the way in the Middle East for the development of responsible tourism and are model examples for others in the region to follow.

Oman and Jordan lead the way in the Middle East for the development of responsible tourism and are model examples for others in the region to follow.

Oman saw the value of its non-oil exports rise to RO2.448 billion in 2010, a jump of 32.4 percent over the previous year.

The important drivers of growth in 2011 in Oman are expected to be expanding exports and increased government spending

The Ministry of Manpower in Oman is not restricting any new work permits or imposing restrictions on visa-renewals for expatriates, an official of the ministry told Times of Oman.