Oman inflation at 2.9% amidst global factors
The inflation rate in Oman registered at 2.9%. The Ministry of Economy explained that global variables have had a greater impact on the economic situation, with developmental investments exceeding 188 million riyals, and 68% of the expenditure allocated to road projects. Oman expects the Duqm refinery to generate revenues of nearly $7 billion in 2025, with a focus on fuel production this year. Additionally, Oman has been awarded the hosting of the 23rd Annual World Wind Energy Conference in 2027.
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