The ministry is expecting to raise fish production to 1.4mn tonnes in 2023 from 280,000 tonnes in 2016. (Shutterstock)
September 20, 2018 - 07:37 GMT
The Ministry of Agriculture and Fisheries (MoAF) is aiming to increase the fisheries sector's contribution to the GDP five fold, taking it to RO1.3bn in 2023 from RO225mn in 2016.
Duqm airport connects to the port through a double three-lane road in each direction, providing a smooth and easy link between them. (Times of Oman)
September 18, 2018 - 10:36 GMT
With Duqm’s new airport now open, projects at the heart of Oman’s future economic powerhouse are all set to speed up, further driving the Sultanate’s economic expansion.
The ministry will open a number of representation offices in a number of countries like Iran, China and Russia, and redirect tourism towards the Sultanate.(Shutterstock)
September 17, 2018 - 08:29 GMT
In an attempt to woo more tourists to the Sultanate, the Ministry of Tourism is set to open new offices in Middle East and Asia.
In the report issued by the United Nations Development Program (UNDP), Oman has progressed four places, to be ranked 48th worldwide from its last year’s position of 52.
September 17, 2018 - 07:18 GMT
Oman has achieved the fifth place in the Arab world and the 48th place worldwide in the Human Development Index 2018 issued by the United Nations, thus advancing four places globally and one in the region from last year’s rankings.
The guide will be useful to tourists who are big on adventure and would like to know about the various heritage sites in the governorate. (Shutterstock)
September 12, 2018 - 07:23 GMT
Tourists coming to Muscat to explore its natural beauty may now seek guidance from the Ministry of Tourism’s guide.
The Omanization drive is part of a government’s push to recruit more of its citizens. (Shutterstock)
September 11, 2018 - 07:50 GMT
There were 500 expat workers were arrested in 2017 in Oman for violating the country’s labor law, according to figures released by the Ministry of Manpower, local daily Times of Oman reported.
With the tax projected to be put into effect in the near future in the sultanate, OABC and EY are working with companies throughout Oman to help them with this transition. (Shutterstock)
September 09, 2018 - 09:27 GMT
The Oman American Business Center (OABC) in collaboration with Ernst & Young (EY) will be hosting a value added tax (VAT) seminar to discuss the changes in the tax law and help prepare companies to be VAT-ready.
Among oil and gas products, refined products shot up by 39 per cent while crude oil and natural gas price soared by 17.9 per cent. (Shuttertsock)
September 09, 2018 - 09:22 GMT
The Sultanate's producer price index (PPI)-based inflation rose by 17.7 per cent in the second quarter of 2018, over the same period of last year, mainly driven by a surge in oil and gas prices by 20.6 per cent and non-oil products prices by 5.5 per cent.
Total deposits registered a growth of 4.5 per cent to OMR22.3 billion, with private sector deposits increasing by 4.7 per cent to OMR14.2 billion as at the end of June 2018. (Times of Oman)
September 09, 2018 - 09:18 GMT
The several regulatory amendments issued recently by the Central Bank of Oman (CBO) enabled more space for banks to extend credit for stimulating economic activities in the Sultanate.
Oil Prices to Remain Between $70 - $80 per Barrel. (Shutterstock)
September 04, 2018 - 09:36 GMT
Oman's Oil Minister Mohammed bin Hamad al-Rumhi said on Monday he expects oil prices to remain between $70 to $80 a barrel this year, Omani news website WAF reported on Twitter.
The rate of renewing contracts increased by 21 per cent in 2017 compared with 2016. (Shutterstock)
September 04, 2018 - 09:02 GMT
A number of people have cancelled their rent contracts in 2017, according to statistics issued by the Muscat Municipality.

Most barbershops in town offer skin and hair treatments, from cheaper Indian-owned barbers to the high-end men’s salons. (Shutterstock)
September 02, 2018 - 10:56 GMT
This billion-dollar industry has been consistently growing in other parts of the world, with astonishing (and bankable) results.
Sayyid Haitham bin Tariq Al Said, Minister of Heritage and Culture and Parton-in-Chief of Oman Cricket along with Minister of Sports Affairs, Sheikh Saad bin Mohammed Al Mardhouf, Pankaj Khimji Board member of Oman Cricket and Kanak Khimki.
August 29, 2018 - 18:09 GMT
With a host of cricket achievements at the international level in recent years, Oman continues to attract global attention, boosting the government...
Oman national football team
August 28, 2018 - 17:05 GMT
Oman football coach Pim Verbeek begins his Asian Cup 2019 mission in Jordan next week when the Red Warriors will hold their first of a series...
One in every seven people in the world go to bed hungry and more than 20,000 children under the age of five die daily from hunger. (Shutterstock)
August 28, 2018 - 09:29 GMT
One in every seven people in the world go to bed hungry and more than 20,000 children under the age of five die daily from hunger.
The ICC Cricket World Cup trophy
August 27, 2018 - 18:27 GMT
The ICC Cricket World Cup trophy arrived in Oman today for a two-day tour of the Sultanate, giving cricket fans in Oman the opportunity to see the trophy in person.