Other Briefings
Oman Unveils US$31 Billion Tourism Investment Plans Under ‘Vision 2040’
Oman welcomed 4 million tourists in 2023, a testament to its vibrant tourism landscape. Now the Sultanate has announced major investment plans, aligned with ‘Vision 2040’.
UK Rolls Out Two-Year Multiple Entry Visa Scheme to Gulf, Jordanian Citizens
The UK has expanded a two-year multiple-entry visa scheme to citizens of Bahrain, Kuwait, Oman, the United Arab Emirates (UAE), Saudi Arabia, and Jordan.
Oman Launches New Investment Fund to Boost FDI and Investment in SMEs
To boost private sector and SME investments, Oman’s sovereign wealth fund has launched a US$5.2 billion new investment fund. This is in keeping with a general trend in GCC states.
GCC Countries 2024 Economic Outlook and Growth Trends
In 2024, the GCC anticipates robust economic growth, led by the UAE and Saudi Arabia, with the World Bank highlighting positive trends and the rebound from slower 2023 performance.
GCC-South Korea Free Trade Agreement to Eliminate Almost 90% of Tariffs
On December 28, 2023, the Gulf Cooperation Council (GCC) and South Korea signed a joint statement committing to a free trade agreement (FTA).
Delays Anticipated to Oman-India FTA Over Duty Concessions on Petrochem Products
Customs duty concessions on petrochemical products, utilized heavily in the plastics industry, are raising concerns among Indian stakeholders.
Oman-India FTA Talks Expected to Conclude in January: Latest Updates
Oman and India have continued to keep pace with fast moving negotiations to their bilateral free trade deal. We discuss the key issues in brief.
