GCC-Stat data shows national income down 2.7 per cent year-on-year, but non-oil sector posts 6.4 per cent growth, led by finance, transport, and real estate
Oman
Latest in Oman
Oman
Omani ports record double-digit growth in ship traffic and container handling
Container and cargo handling in the ports grew 11.7%, while ship traffic increased 11.1% during the six months of 2025
kuwait visa
Kuwait announces new visa for expats in UAE, Saudi Arabia, Qatar, Bahrain and Oman
Kuwait announces new visa on arrival for GCC residents
Mira Developments
UAE’s Mira Developments expands into Oman with Salalah real estate project
UAE developer invests in one million square footage land in the Dhofar Governorate
GCC population
GCC population hits 61.2m in 2024, rising by 2.1m in one year
GCC population made up of 38.5m males and 22.7m females
gcc trade
Saudi Arabia’s non-oil trade surplus with GCC nations soars 203 per cent to $937m in April 2025
Saudi Arabia’s total non-oil trade with GCC hits $4.2bn, driven by booming re-exports and growing ties with UAE, Bahrain, and Oman
Connectivity
Oman Emirates Gateway submarine cable system to boost connectivity
Du’s Benkirane calls the 275km fibre optic system ‘a bridge towards future-proofing the digital infrastructure of the region’
crypto
UAE sees $34bn crypto surge as Middle East becomes digital asset hub; experts forecast market
The UAE saw crypto inflows of $34bn last year amid rising investment demand, says blockchain specialist Mining Grid
Muscat
Oman real estate: Whitewill expands into property market as foreign investment grows
Oman’s property market has gained attention from global investors as the country undergoes economic diversification supported by the government’s Vision 2040 strategy
GDP
Oman GDP grows 2.5% in Q1 2025 reaching $24.5bn
The National Centre for Statistics and Information released the data as part of its quarterly economic assessment, highlighting the diversification efforts within Oman’s economy
Airbus
Dubai’s Emirates begins daily Airbus A350 service to Muscat
The introduction of the Airbus A350 to Muscat demonstrates Emirates’ commitment to Oman
Gulf Cooperation Council
Unified visa for UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman launching ‘soon’ says GCC chief
The unified tourist visa for UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman is expected to be announced soon
Income Tax
Oman announces 5% income tax: Everything you need to know
Oman to implement 5% personal income tax from 2028
Air Arabia
UAE, Qatar, Bahrain, Kuwait and Oman flight delays as airspace closures cause travel disruption at Gulf airports
Airports and airlines in the UAE and across the Gulf announce suspended flights and expected delays amid airspace closures and conflict escalation
Income Tax
Personal income tax comes into effect in Oman from January 1, 2028
Only 1% of population in the tax net as the first personal IT law imposes 5% tax on those with income above $109,230, after deductions
Bahrain
UAE, Bahrain and Oman evacuate citizens from Iran; more than 20 countries including India, China and US step up repatriation
UAE, Bahrain and Oman among countries helping citizens evacuate Iran amid rising tensions
Dubai universities
Top Arab universities 2026 revealed: Education institutions in Saudi Arabia, UAE, Qatar and Oman climb QS rankings
Influential international rankings names world’s best universities, see how Arab institutions fared