Arab country grossed OMF 6.2 billion in revenue in the second quarter of 2024, most of which, i.e., OMR 3.4 billion, coming from the oil sector.
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The mining giant sold half of its distribution operation in the Arab country, the VODC, to a company from the United States for USD 600 million.
Al Buraimi Industrial City received new investments during the first half of 2024, with 15 projects being implemented. On the borderline with the UAE, the city has grown as a destination for companies.
Oman’s ambassador to Brasília, Talal Al-Rahbi, celebrates the 50th anniversary of diplomatic ties between his country and Brazil, with prospects of more mutual investments and cultural and political partnerships.
GDP registered an annual 2.8% decrease thanks to a drop in oil activities.
The commodity’s prices have declined due to a lower demand from China. Brazil’s trade balance could be impacted, and Arabs could import more.
A delegation from Brazil’s agriculture ministry received from Oman’s government the sanitary approval and authorization for Brazilian exports of live cattle to the Arab country.
The Arab country is projected to grow 1.3% in 2023 and 1.4% this year, supported by favorable oil prices and reforms. Agriculture, construction, and services are driving the Omani economy.
The ambassador of Oman to Brasília, Talal Al-Rahbi, defended Palestine and highlighted the promising investment relationship between Brazil and Oman. The celebration of the Arab country’s National Day took place in the Brazilian capital this Monday (20).
The oil production cuts are expected to make the Gulf country grow less this year compared to 2022. Still, GDP is projected to increase by 1.3%. Inflation has receded, and reforms favor economic recovery.
Paulo Rebello is a political analyst and Political Science Ph.D. student at the University of Salamanca, Spain. His research focuses on Brazil’s relations with the Middle East, especially the Gulf countries.
Leonardo Marinho left Brazil in 2013 for Zanzibar, Tanzania, and last June he started a training company for baristas and roasters in Muscat, Oman. A demanding market and opportunities have led him to the Arab world.
The diplomat and teacher gave a lecture about her rich professional career and talked about how speaking Arabic was key for her.
The Arab country carries out an environmental project in which turtle nests are monitored to identify survival challenges for the animals on local islands.
