Oman

May 7, 2012

High growth rates the data show that the oil activities recorded high growth rates in 2011 supported by the continuing high oil prices
12:28 GMT

Oman's Gross Domestic Product (GDP) posted a 22.7 per cent growth at the current prices in 2011.

March 27, 2012

Central Bank of Oman is awaiting official legislation on Islamic banking to issue the final regulations
12:38 GMT

With the draft laws for Islamic banking almost complete, Oman will also alter its existing regulations for banking in the Sultanate to incorporate Islamic finance.

November 22, 2011

Oman
08:35 GMT

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

September 7, 2011

Oman
07:03 GMT

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

July 20, 2011

Oman and Jordan have been consistently active in implementing sustainable strategies for tourism promotion
10:04 GMT

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.

July 11, 2011

Oman's non-oil exports have increased significantly in minerals, up 52.8 percent on 2009
08:47 GMT

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.

July 10, 2011

Oman’s nominal GDP reached an estimated $58 billion in 2010 and is projected to rise by 22 per cent to a record high of $70 billion in 2011
09:19 GMT

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

July 3, 2011

Oman reassures expat workers by affirming that it is still issuing new work permits for expatriates and renewing expiring ones
13:40 GMT

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.

June 29, 2011

According to experts, Omani banks are not ready to deal with Islamic banking. A real need or a service promotion?
09:26 GMT

Experts recently noted the need to provide the necessary expertise in Islamic banking to groom Omani institutions operating in this field.

June 26, 2011

Personal loan or consumer loan remains the key revenue driver for Omani banks
09:02 GMT

A new report revealed that the aggregate personal loan portfolio, including mortgage finance, in Oman grew by 6.8 per cent to touch RO4294.7 million at the end of 2010.

June 23, 2011

A safety inspector looks over containers alongside the Jebel Ali Free Zone in Dubai (Credit: The New York Times)
14:04 GMT

Oman is capitalizing on its Free Trade Zones by issuing laws that facilitates tax exemption, and simplifies procedures and import of all permissible goods to attract further investment.

May 18, 2011

The Jordan bid is easy to understand, with its shared borders and historic ties to Saudi Arabia. Tribal divisions between the two were imposed only by colonialism. In terms of geography, Jordan is a natural choice for GCC membership. It even has its own ‘Gulf’ of Aqaba.
14:53 GMT

Word on the Arab street, when not debating the latest on the Arab revolutions, and the state of catastrophe in Yemen or Libya or Syria, has turned to the new bid to expand the Gulf Cooperation Council (GCC). Scrutiny lies with the two potential new candidates for entry into this Gulf state league, namely Jordan and Morocco. The twitter-sphere is buzzing (or tweeting) with humorous remarks, as well as more grave concerns around the implications of such a shift, for both sides of the equation: the new members and the former block.

April 2, 2011

Omani army
13:12 GMT

Pro-democracy leaders in Oman called Saturday for more protests after clashes with security forces left at least one person.

March 29, 2011

Oman protests
13:43 GMT

Omani troops stormed on Tuesday the Earth roundabout in Sohar evacuating a small group of pro-reform protesters.

March 14, 2011

The proposed new terminal at Muscat International Airport
11:11 GMT

Arab Bank Group has provided credit facilities totaling $ 410 Million to three contractors.