Oman

Oman · OMN · Middle East

Risk Score

Guarded→ Stable

Risk Factors

No recent events in pipeline

Overview

Oman is a stable Gulf nation with a strategic location, actively pursuing economic diversification away from oil and gas through its Vision 2040 plan. The country maintains a neutral stance in regional diplomacy, fostering stability and cooperation. It is developing its tourism, logistics, and manufacturing sectors.

Leadership

Sultan Haitham bin Tariq Al Said

Sultan

Government: Absolute monarchy

Sayyid Fahd bin Mahmoud Al Said

Sayyid Badr bin Hamad Al Busaidi

Sultan bin Salim Al Habsi

Economy

GDP

$120.0B

GDP per Capita

$23.0K

GDP Growth

+3.0%

Inflation

2.0%

Unemployment

3.0%

Oil and gasTourismManufacturingLogisticsMining

Trade

Key Exports

Crude petroleumNatural gasRefined petroleum productsChemicalsMinerals

Key Imports

Machinery and transport equipmentVehiclesFoodstuffsManufactured goodsChemicals

Top Partners

ChinaIndiaUAESaudi ArabiaUSA

Recent Events (1)

High45m ago

Iran redirects Hormuz traffic, targets vessels

Iran is asserting control over the Strait of Hormuz by directing traffic towards its shipping lanes and firing on vessels. This move potentially impacts international trade and maritime security in the region, though Iran appears to be facilitating passage for Japanese ships.

Headlines (8)

Lokmat Times15h ago

Oman appoints Vinayak Shukla as captain of men's cirkcet team

The Economic Times18h ago

Saudi Arabia makes August crude oil cheaper for Asian buyers

The Economic Times20h ago

Hockey India names 15-member squad for Youth Hockey5s Asian Championship camp

Natural News20h ago

China Calls for Unimpeded Passage in Strait of Hormuz Amid Fee Discussions

The Hindu Business Line1d ago

Oil, gas tankers cross Hormuz via Oman-Side route after u-turns

Moneycontrol1d ago

India eyes revival of Chabahar rail link as Iran tensions ease, seeks faster access to Central Asia: Report

The Economic Times1d ago

Indians hold key to Mideast tourism surge

thestatesman14h ago