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The Omani government is expecting the economy to bounce back strongly in 2010, following slower growth in 2009 as a result of the global financial crisis. The minister of national economy, Ahmed Macki, was reported on January 2 saying that he anticipated Oman’s GDP to grow by 6.1% in real terms during 2010, with inflation […]

Oman keeping economic growth up

As global market fundamentals return to a more favourable outlook for 2010, Oman can be reassured that it has weathered the storm of 2009 without too much discomfort, and remains in good shape to take advantage of renewed trade and investment opportunities. The IMF anticipates 3.8% real GDP growth for the Sultanate in 2010 – […]

The Sultanate is ranked fourth in the MENA region level in the economic freedom index 2010 published by the US-based Heritage Foundation on its website. The Sultanate got 67.7 points in the index which measures 122 countries in the world. The Sultanate was ranked 43rd on the global level.

Oman’s gross domestic product (GDP) at current prices declined by 27.4 percent as of the end of the third quarter of 2009 compared to the same period in 2008, new data has showed. According to figures released by the National Economy Ministry and published by Oman News Agency, the decline was attributed to a fall […]