Category: Progress Oman

Progress Oman
Reserve your copy of Progress 2018

What is Progress? For over 24 years, Progress (Al Takkadum), an annual bilingual (English and Arabic) publication commemorating His Majesty’s ascent to the throne, has traced Oman’s progress and development, highlighting the landmark achievements of Oman. The special publication salutes His Majesty Sultan Qaboos Bin Said’s vision and prudent policies which have put the Sultanate […]

Progress Oman

Oman’s economy is projected to achieve continued positive growth during 2018, supported by gradually rebounding oil prices and the government’s diversification efforts Increased focus on economic diversification seems to be paying off as Oman’s Budget 2018 in hindsight reflects the country’s improving economic sentiments. The Budget broadly aligns with the Ninth Five-Year Development plan. The […]

Progress Oman
Oman Refineries and Petroleum Industries Company (Orpic)
Steadfast commitment

Oman has given a strong message that it will continue investing in oil and gas development irrespective of price fluctuations in the international market Oman will continue its investment in oil and gas projects to sustain production in the long-run. As part of the plan, the Sultanate’s national oil company – Petroleum Development Oman (PDO) […]

Progress Oman
Liquidity-driven growth

Improving economic prospects, robust credit offtake and the promising performance of Islamic banks have led to a strong showing by the financial sector in Oman  Omani banks stand to benefit from a robust growth in oil prices and an easing of capital and credit norms of commercial banks. Like any other Gulf country, the growth […]

Progress Oman
Smart recovery

The Capital Market Authority has taken a number of steps with a view to encourage the stock market and to ensure better compliance Although the Sultanate’s market regulator Capital Market Authority (CMA) has been taking several measures to strengthen the stock market, the slackness on the bourse is still continuing. However, the investor community expects […]

Progress Oman
Promising moves

A number of new initiatives being taken by the Capital Market Authority are expected to boost the insurance sector in Oman The Sultanate’s insurance regulator, Capital Market Authority (CMA), plans to introduce several new initiatives this year, which are expected to strengthen insurance players. After dropping an earlier proposal to introduce compulsory health insurance for […]

Progress Oman
Make in oman

Oman’s multi-pronged efforts to attract foreign investment to develop the country’s special zones have started bearing good results Oman’s government has taken several bold steps to strengthen privatisation programmes within industrial estates across the country. As part of the strategy, the Public Establishment for Industrial Estates (PEIE) has formed a new holding company to manage […]

Progress Oman
Getting future-ready

The massive investment in infrastructure facilities like airports, ports and road, will drive cross sectoral growth in Oman Oman plans major structural reforms to attract private investment in infrastructure development. The recent plans to introduce a new regulation on public-private-partnership (PPP) and a $1 billion infrastructure fund are all part of a larger strategy to […]

Progress Oman
Port Sohar
Multi-pronged strategy

The major ports in Oman are helping in attracting investments in adjoining freezones and promoting transshipment trade Port development is an important priority  area for Oman government in its long-term economic development. This is aimed at strengthening the position of Oman as a transshipment hub as well to attract foreign investment to diversify the economy. […]

Progress Oman
muscat international airport ONA
Soaring higher

The new Muscat International Airport, ranked among the top 10 airports in the Middle East, showcases how the aviation industry is winging its way forward across new horizons Omani airports have achieved a robust growth in both passenger traffic and flight movement last year, which were in line with the three-pronged aviation strategy of the […]