Economy | Omanet

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

Majan Glass SAOG, Oman’s first major glass container maker, faces years of operational losses and negative net worth. The Board

Oman's GDP at current prices was RO 10.414 billion in Q3 2025, down 0.4% from RO 10.454 billion in Q3

Oman's Eleventh Five-Year Development Plan (2026-2030) prioritizes social welfare and employment with a RO 5.2 billion budget, focusing on education,

Oman’s trade balance showed a surplus of RO 4.69 billion by October 2025, down from RO 7.307 billion in 2024,

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