Oman News
News
Oman Unveils "Vision 2045" with $30 Billion Green Energy Push
His Majesty Sultan Haitham bin Tariq launched an ambitious economic roadmap, focusing on hydrogen production, solar farms, and carbon-neutral tourism. The plan aims to reduce oil dependency to 40% of GDP by 2030.
Cyclone Shaheen-2 Threatens Coastal Regions
Following early warnings, Dhofar and Al Wusta governorates began evacuations as the cyclone (Category 3) approaches with 140 km/h winds. The National Committee for Emergency Management activated Phase 3 preparedness.
Business News
Oman Signs $2.1B Deal with BP for Green Hydrogen Plant in Duqm
The UK energy giant will build the largest green hydrogen facility in MENA, creating 1,500 jobs and exporting clean fuel to Europe and Japan by 2027.
New Luxury Tourism Project "Blue City 2.0" Breaks Ground
A $1.8 billion resort complex near Muscat will feature underwater hotels and a marine conservation center, boosting post-oil tourism revenue.
Economic News
Non-Oil GDP Grows 6.2%, Outpacing Regional Peers
Logistics, mining, and tourism drove growth, though oil revenues fell 12% due to production cuts. Inflation eased to 2.8%, the lowest in the GCC.
Omani Rial Peg to USD Remains Despite IMF Advice
The Central Bank rejected IMF suggestions to diversify currency reserves, citing stability needs. The OMR 0.385:1 USD peg stays firm.
Political News
Majlis Al Shura Approves New Foreign Investment Law
The advisory council passed reforms allowing 100% foreign ownership in 15 sectors, including healthcare and renewable energy, to attract $10B annually.
Oman Mediates Iran-Saudi Nuclear Talks in Salalah
Diplomatic sources confirm secret negotiations to revive the 2015 nuclear deal, hosted at the Salalah Peace Palace.
Election News
2025 Shura Council Elections: Record Female Candidates
Over 35% of nominees are women, a historic high. Key issues include youth unemployment (18%) and water scarcity. Voting is set for October 15.
Municipal Elections Delayed Until 2026
The government cited "administrative reforms" for postponing local polls, sparking criticism from pro-democracy groups.
Employment News
Omanization Quota Raised to 45% in Private Sector
Firms must now fill nearly half of jobs with Omanis in construction, retail, and logistics, with fines up to OMR 5,000 for violations.
500 Tech Jobs Created at New AI Hub in Knowledge Oasis
Microsoft and Oracle-backed startups are hiring Omani coders at salaries 30% above market average.
Business News
Muscat Securities Index (MSX) Rises 4% on Banking Rally
Oman’s First Sovereign Green Bond Oversubscribed
The $500 million bond for solar projects attracted $2.1B in bids, reflecting global ESG interest.
Forecast
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Muscat: Sweltering, 42°C (108°F), humidity 65%
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Salalah: Monsoon rains, 28°C (82°F)
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Sohar: Dust storms, 39°C (102°F)
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Nizwa: Dry heat, 38°C (100°F)
Entertainment News
Oman’s First Film Festival Debuts in Muscat
The "Arabian Nights Cinema Fest" (June 20-27) will premiere "The Frankincense Trail", shot entirely in Dhofar.
K-Pop Superstars BTS to Perform at Al Amerat Stadium
The October 2025 concert sold out in 8 minutes, marking Oman’s biggest music event ever.
Upcoming Events (june 20–30, 2025)
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June 26: Eid Al-Adha Prayers (Grand Mosque, Sultan Qaboos)
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June 28: Date Palm Festival (Nizwa Souq)
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June 20: Oman vs. UAE (World Cup qualifier, Al-Seeb Stadium)
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June 21: Khareef Festival Preview (Salalah)
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June 22: Royal Opera House: "Turandot" (Muscat)
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June 24: Dhow Racing Championships (Sur Marina)
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June 26: Omani Women’s Summit (Al Bustan Palace)
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June 27: Turtle Hatching Tours (Ras Al Jinz)
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June 28: Traditional Horse Show (Barka Fort)
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June 30: Space Tech Conference (Oman Convention Centre)
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