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January 2, 2023

Oman outlines initiatives to improve fiscal performance

Muscat: With an aim to improve the fiscal performance and achieve targets outlined in Oman’s State Budget 2023, the Ministry of Finance has planned several schemes and initiatives.The Ministry’s Guide to State’s General Budget for Fiscal Year 2023 has …

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Converting Industries, Future Industries Lab Kicks Off

Muscat, Tasks of the “Laboratory for Converting Industries and Future Industries” Kicked off here today.As many as 190 participants from different government departments shared expertise during the laboratory, implemented by the Ministry of Commerce, I…

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OIA, Affiliates Achieve Success in Gas, Mining Fields

Muscat, Hamad Mohammed Al Nu’amani, CEO of Oman LNG said that Oman LNG will soon sign more binding term-sheet agreements with international companies, similar to the three contracts it recently inked with Japanese companies to deliver 2.35 mtpa of Oman…

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Third of World in Recession in 2023: IMF

Washington, A third of the global economy will be in recession in 2023, Kristalina Georgieva, head of the International Monetary Fund (IMF) has warned.Georgieva said 2023 will be “tougher” than 2022 as the US, EU and China see their economies

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