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أثير
Tourism Growth and Investments Boost Muscat Stocks
The article concerns the performance of the Omani economy during the first quarter of 2026. The tourism sector showcased significant growth, contributing 2.9% to the gross domestic product (GDP), an increase of 0.3% compared to the previous year. Direct tourism revenue reached 293.8 million Omani riyals, reflecting a growth rate of 6.5%. Additionally, Muscat Stock Exchange achieved its best level in four weeks, with the index surpassing 7,500 points, supported by positive financial results and anticipated dividend distributions from companies. Furthermore, the Sura Industrial City signed six investment contracts worth more than 56 million Omani riyals. The trade balance surplus continued to grow, reaching 3.4 billion riyals in May 2026, an increase of 37.2% over the previous year, driven by rising oil and non-oil exports. These results indicate ongoing improvements in economic performance and continued efforts towards diversification and the development of non-oil sectors within the Sultanate.
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