Oman Budget 2018

Oman has created its 2018 Budget, an increase from 2017 proposed figure of 11.7Billion Omani Rials (30.5BillionUS$appx) to 12.5Billion Omani Rials (32.5BillionUS$appx)an increase of 6.8%. Oman’s GDP is hoped to increase by 3% in 2018.

Central Bank of Oman - Muscat
Central Bank of Oman – Muscat

Income is anticipated to rise Continue reading “Oman Budget 2018”

Oman and China sign for development of Bagamoyo Port in Tanzania

The relationship between Oman and China appears to becoming closer. China had a bumpy start in projects in Oman; its companies were involved the initial states of the Wastewater project

Sewage Pipeline Works Muscat
Sewage Pipeline Works Muscat

which must have been a steep learning curve Continue reading “Oman and China sign for development of Bagamoyo Port in Tanzania”

Central Bank of Oman has new Executive President

Tahir Bin Salim Al-Amry who has been director on many of Oman’s leading companies

Tahir Bin Salim Al-Amry
Tahir Bin Salim Al-Amry

including Bank Sohar, Continue reading “Central Bank of Oman has new Executive President”

Oman Air plans new aircraft purchases

Oman Air, which, in March 2016, was considering taking 13 Airbus A350 in 2020 has now focused on placing an order for 9 jets. Options now include Airbus A350 and Boeing 787.

Oman Air at Salalah old Terminal
Oman Air at Salalah old Terminal

The airline’s CEO Paul Gregorowitsch was Continue reading “Oman Air plans new aircraft purchases”

Oman’s working Women are a growing presence in the Forbes 100 list

Forbes magazine has released its annual list of most powerful women in the Arab world 2017. This year there are two lists, one for Business and one for Government. Topping the lists, as always, are Lubna S. Olayan and Sheikha Lubna Al Qasimi of Saudi and UAE. However. there is a rapid rush to the top by Oman’s working Women.

Amal Bahwan
Amal Bahwan

Dominating this list, as their company Continue reading “Oman’s working Women are a growing presence in the Forbes 100 list”

China-Oman Industrial Park at Ad Duqm

Ad Duqm was once, only a few years ago, a small village with a couple of shops, an equal number of local restaurants and it was a cash economy with not even a bank. However times have changed and Oman’s port and industrial zone in Ad Duqm (Duqm SEZA) hosted Oman Wanfang LLC, a Chinese company, for a signing ceremony on the 19th April for Oman Wanfang to develop 1,172 hectares of land adjacent to Ad Duqm’s port as Oman China Industrial Park at Ad Duqm.

China-Arab Wanfang Sign
China-Arab Wanfang Sign

Oman Wanfang is a consortium of six private Continue reading “China-Oman Industrial Park at Ad Duqm”

Ad Duqm Port and Economic Zone

The new port at Ad Duqm, some 500kms by road south of Muscat is rapidly becoming the most active economic area in Oman. From a town that a few years ago had no Bank, it was developed by the Oman government

Oil Tankers Oman
Oil Tankers Oman

in co-operation with Koreas Daewoo into a dry-dock to take advantage of the tankers and container ships that use the sea route about 50kms off the port. Since then Continue reading “Ad Duqm Port and Economic Zone”