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- QLM earns insurance revenue of QR299.5mn in first quarter
- Ooredoo Group net profit up 5% to QR960mn in Q1-2025
- QSE surges 135 points; M-cap adds QR7.69bn
- Mashreq posts Dh2.1b Q1 profit as digital, regional growth drive momentum
- Saudi non-oil exports jump 13% with volume of trade exceeding SR2tr in 2024
- NMDC Group reports robust financial results for Q1 2025
- Will US tariff hikes affect Saudi Arabia?
- Saudi POS spending hits $3bn, fueled by jewelry sales
- Kuwaiti investors encouraged to explore opportunities in Saudi Arabia by industry minister
- GCC share of emerging-market dollar debt jumps to 35% in Q1
04/04/2025 10:20 AST
Dr. Nasser Al-Maawali, Undersecretary of the Ministry of Economy, has addressed the United States' decision to impose new tariffs on Omani imports, indicating that the impact on Oman's economy is anticipated to be relatively limited and not a cause for concern in the medium to long term. He clarified that the new tariffs do not apply to US imports of Omani oil, gas, and refined products.
Dr. Al-Maawali acknowledged that potential economic effects on Oman could arise from global trade disruptions and a slowdown in global economic growth. However, he also emphasised the potential for Oman to capitalise on opportunities presented by these challenges. He suggested that the high US tariffs on other nations could allow Oman to enhance its trade relationships with those affected and attract foreign investment. Additionally, Oman could strengthen supply chains with countries negatively impacted by the tariffs and leverage its strategic position as a transit hub to facilitate access to the US market for those facing increased tariffs.
Dr. Al-Maawali stressed Oman's capacity to transform challenges into opportunities by utilising its geographical advantages and implementing proactive economic strategies. These actions align with Oman's broader economic vision.
Times of Oman
01/05/2025
Saudi Arabia's banking sector is set to absorb a rise in external debt, driven by increasing financing demands under the Kingdom's Vision 2030 agenda, according to a new report.
The analysis
Arab News
30/04/2025
Oil prices extended declines on Wednesday and were set for their largest monthly drop in more than three years as the global trade war eroded the outlook for fuel demand, while fears of mounting supp
Reuters
30/04/2025
Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the US and China, the world's two biggest economies.
Brent crude f
Reuters
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01/05/2025
Saudi Arabia recorded a 13.1 per cent increase in non-oil exports, including re-exports, in 2024 compared to the previous year, according to the International Trade Statistics Bulletin 2024 released
Gulfnews
01/05/2025
Saudi Arabia is poised to emerge stronger from the global trade shake-up triggered by the United States' sweeping tariff measures of 2025, with limited direct exposure and growing competitive advanta
Saudi Gazette
01/05/2025
Jewelry spending in Saudi Arabia hit SR320.7 million ($85.4 million) between April 20 and 26, marking a weekly rise of 18.2 percent, according to the latest official figures.
The point-of-sa
Arab News
01/05/2025
Saudi Arabia's minister of industry and mineral resources has urged Kuwaiti investors to seize untapped opportunities in the Kingdom's mining sector.
The encouragement was given during Banda
Arab News
01/05/2025
Gulf Cooperation Council countries accounted for over 35 percent of all emerging-market US dollar debt issued in the first quarter of the year- excluding China- marking a sharp increase from around 2
Arab News
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