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Economy & Finance

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Rates, inflation, currency, taxes and financial policy, translated into consequences for households and enterprise.

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Industrial projects bolster Oman investment drive

Hotpack and Sea Pride plan to establish a packaging complex in Khazaen Economic City, with investment expected to exceed RO 30 million over three years, as part of broader industrial partnerships driving…

Source: Oman Observer: Economy

AI platform targets Oman construction claims

Masin AI has launched an artificial intelligence platform in Muscat to assist project owners, contractors and consultants with construction contracts and claims in Oman, aiming to streamline processes in the…

Source: Oman Observer: Economy

US Treasury urges renaming AI as “super intelligence”

A US Treasury–related call for global partners to rename artificial intelligence as “super intelligence” highlights ongoing framing discussions about the technology. Details on adoption, policy, or criteria…

Source: Oman Observer: Economy

Oman Seen Maintaining 2.4% Growth This Year, IMF Says

The IMF projects Oman to be the Gulf’s sole country with positive growth this year, at about 2.4%. Details from the IMF assessment are not provided in the sourced material. Uncertainty remains about broader…

Source: Oman Observer: Economy

Oman’s International Financial Centre targets 2027 launch

The International Financial Centre of Oman (IFC Oman) intends to start registering companies later in the year, with full licensing operations anticipated in 2027, as it progresses its development plans.

Source: Oman Observer: Economy

US, Russia discuss gas sale to Europe amid Ukraine conflict

Russian and US officials reportedly held discussions on involving a US investor in Nord Stream gas flows to Europe, amid ongoing Ukraine war tensions. Details, timelines, and parties involved remain unclear;…

Source: Oman Observer: Economy