Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.
The sultanate is expanding the Muscat airport’s terminal building and the airfield.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
The sultanate last year became the last country in the GCC to introduce Islamic finance.
Ominvest also has plans to list part of Oman Arab Bank on the Muscat bourse.
Exclusive: Oman Air announces new flights into India and Pakistan.
Unemployment in the Gulf state currently stands at around 24 per cent, according to the IMF.
A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night
Banks form the majority of the top companies in the Gulf State.
The airline generated $809 million in revenue last year and expects growth to come from higher demand.
Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.
The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.
The lender made a net profit of OMR10.57 million in the first nine months of the year.
The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.
The government hopes to create between 200,000 and 275,000 job opportunities between 2011-2015.
The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.
Increased consumer lending and new banks will put the country on a solid footing this year.
PR Directors in Oman are the top earners within the media segment, taking home nearly $8K a month
The capital raised will be used to fund credit growth and the lender’s upcoming venture into Islamic finance.
Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.
Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.
The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.
Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.
Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.
First four months of the year see the sultanate’s revenue jump by 40 per cent to 4.6 billion rials.