The number of guests staying at three- to five-star hotels in Oman reached 992,009 by the end of June 2026, marking a 13% decline compared to the same period in 2025, when the number stood at 1,140,086, according to the latest data.
Oman has introduced a new free 14-day tourist visa for nationals of selected countries to provide greater flexibility for visitors and enhancing the country's tourism offerings.
Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
Oman's Public Establishment for Industrial Estates (Madayn) has announced that its Ibri Industrial City has secured RO25 million ($65 million) in investments during the first half through 17 agreements spanning over 250,000 sq m for projects in oil and gas, manufacturing and light industry.
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries - L&T Energy Hydrocarbon Onshore - has signed a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), thus strengthening the long-standing partnership between the two companies.
Project awards in the GCC region for the second quarter surged to $59.4 billion, up 30% over last year supported by higher contract activity in Saudi Arabia and Oman, although activity slowed sharply from Q1, according to a report.
SalamAir, Oman's Low-Cost carrier, has announced its On-Time Performance (OTP) results for the second quarter of 2026, recording an OTP of 80.01%, representing an improvement of 15.01% compared to Q1 2026.
Six Senses Zighy Bay has launched a collection of summer experiences celebrating the natural beauty of Oman’s Musandam Peninsula. Set between the Hajar Mountains and the Gulf of Oman, the programme combines adventure, wellness and dining.
Oman has awarded RO114 ($296 million) project development tenders for the first half of the year. These include big-ticket projects such as the third package of Al Batinah Expressway; the construction of Al Jabal Al Abyad Road as well as Sultan Taimur bin Faisal Road dual carriageway.
More than 100 newly qualified finance professionals qualified as members of the Association of Chartered Certified Accountants (ACCA) in Oman, adding to the sultanate's skilled workforce as it pursues economic diversification under Vision 2040.
