Oman maintains friendly ties with both the United States and Iran
The government has been preparing the debt sale for quite some time
His visit came amidst rising tensions between Iran and the United States and its Gulf allies
Vodafone, which is yet to obtain an operating licence, will compete with Omantel and Ooredoo
The price of $70 per barrel is an appropriate price for producers and consumers, he said
The government previously said it plans to cover 86 per cent of this year’s expected budget deficit through local and foreign borrowing
Oman Air has grounded five MAX jets, and flydubai in the UAE has grounded 14, forcing the cancellation of dozens of flights.
The group includes Oman Air, Oman Airports and Oman Aviation Services
Local media reports that 40 expats and 30 Omanis were accused of crimes related to the the Sultanate’s public fund
Ghosn was arrested in Japan in November for suspected financial misconduct at Renault’s alliance partner Nissan
Mohammed bin Hamad Al Rumhy also said Oman remained committed to the OPEC+ agreement
Oman’s involvement in the planned $3.85bn oil refinery has been unclear, with Sri Lanka saying the Sultanate is interested in taking a 30 per cent stake, while Oman has not confirmed its intentions
The project includes the construction, ownership, and operation of a 500 MW independent power project
State-owned Oman Air operates five 737 MAX 8 aircraft
Government holding company Nama Group plans to sell a 70 per cent stake in Muscat Electricity Distribution and 49 per cent of Oman Electricity Transmission
Fitch and S&P had both downgraded Oman to junk earlier
FIFA is expected to decide next month whether it will expand the World Cup in Qatar from 32 to 48 teams
Rating agencies Fitch and S&P both class Oman’s bonds as ‘junk’
Oman’s health ministry announced last week that five new cases of MERS had been detected in the country
Oman increasingly relies on borrowing to offset a widening budget deficit caused by a slump in oil prices
Production is slated to begin in Q2 with plans to produce over 200 million litres of milk annually by 2026
The contract, valued at $229m, is for a project in Oman’s Duqm Special Economic Zone
The mall, Majid Al Futtaim’s fourth in Oman, features 129 retail outlets
More than 64,000 jobs have been created for Omanis in the private sector in the last one year
A report by the IIF predicts real GDP growth of 3.1 per cent for both countries in 2019
Spending is projected at OMR12.9bn, up from OMR12.5bn in the original budget for 2018
The mall will have more than 120 stores, a nine-screen VOX Cinemas and a Carrefour store
The 13-turbine project is set to be the Gulf region’s first large-scale commercial wind farm
Oman is cracking down on the employment of expats in several sectors
A recent surge in the country’s government bond yields has made it the weakest debt market link among Gulf oil exporters