Economy | Omanet

President Donald Trump announced that any country doing business with Iran will face a 25% tariff on trade with the

Oman's IT sector investments reached RO 1.2B in five years, with 70% from foreign sources. Government digital services rose to

The Public Establishment for Industrial Estates (Madayn) has outlined 98 initiatives for the 11th Five-Year Development Plan (2026–2030) to expand

Muscat Bay launched Luma Residences, a RO 20M project with 240 residential units including apartments, townhouses, and villas, reflecting Oman

Oman’s R&D investment rose notably in 2024, reaching RO 160.3 million (0.42% of GDP). The private sector led spending at

Global oil markets remain steady despite US-Venezuela tensions, with crude prices in a narrow range. Venezuela's oil output is under

Middle Eastern carriers saw a 9.6% year-on-year demand increase, with capacity up 9.2% and load factor at 81.4%. November 2025

Oman and Rwanda signed four cooperation agreements to boost ties in logistics, land ports, supply chains, data centres, cloud computing,

Asyad Shipping, Oman's state-owned maritime company, announced the sale of four legacy LNG vessels— Ibra, Ibri, Nizwa, and Salalah. Built

Total international tourism revenues in the GCC hit $120.2 billion in 2024, up 8.9%. Tourist numbers rose 6.1% to 72.2

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