Economy | Omanet

Cuba needs 100,000 barrels of oil daily to keep its economy running, but U.S. sanctions under Trump limit its supply

Tax revenues in Oman are projected to rise to RO 2.531 billion by 2030, driven by tax reforms and diversification

Top EU and Mercosur officials signed a historic free trade deal in Paraguay after 25 years of talks, creating the

Karwa Motors produced around 900 vehicles in 2025, boosting Oman’s domestic automotive industry and reducing imports. Most were school buses

The Sultanate of Oman will participate in FITUR 2026 in Madrid to expand global outreach and boost sustainable tourism. The

Total refinery output in Oman rose 11.4% by November 2025 to 76.992 billion barrels. 91-octane gasoline production increased 17.5%, 95-octane

Oman’s GDP at constant prices grew by 2% in Q3 2025, reaching RO 9.9112 billion. Growth was driven by a

Abu Dhabi Future Energy Company (Masdar) and partners have secured $300M funding for Ibri III Solar Project in Oman. The

The US will impose a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland

International tourism revenues in GCC countries hit $120.2B in 2024, up 39.6% from 2019, boosting GCC's global tourism share to

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