The energy transition advanced in 2023 despite geopolitical tensions, supply chain disruptions and inflationary pressures that maintained elevated energy prices globally. Prices fell from 2022’s ...

Oman is diversifying its economy, reducing reliance on hydrocarbons by expanding sectors like agriculture, fisheries, banking and manufacturing. Strategic reforms, infrastructure investment and a ...

Banking continues to be a key pillar of Oman’s financial sector, responsible for the majority of credit for individuals and institutions – both government-owned enterprises and the private sector.

Oman released its green hydrogen strategy in 2022, simultaneously establishing Hydrogen Oman (Hydrom), a government-owned private entity mandated to implement strategy and manage and attract ...

Agriculture and fisheries activities in Oman are guided by a robust regulatory framework, which has evolved in recent years to keep pace with efforts towards sustainable development and economic ...

Oman’s construction and real estate sectors are growing at a rapid pace, owing to government investment in housing to meet the needs of a growing population and greater foreign investment in mixed-use ...

Sound economic management, a revival in hydrocarbons prices and a series of new development plans are combining to make Oman an increasingly attractive destination for foreign investment in the Gulf ...

Future Fund Oman (FFO) began operations, aiming to mobilise public and private capital behind one of the largest investment rollouts in the sultanate’s history. Set to provide OR400m ($1bn) per year ...

Oman’s strategic emphasis on ICT and telecommunications underpins its vision of becoming a digital-first economy. This focus is transforming the sultanate’s financial landscape while positioning it as ...

In January 2025 Oman exported its first shipment of copper concentrate in 30 years, a major symbolic step in the revitalisation of the sultanate’s mining sector. Government-owned mining company ...