Your Daily Career Tarot Card Reading for August 2nd, 2025
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Zawya
5 hours ago
- Zawya
Oman's tourism and hospitality sectors undergo transformative growth
Muscat: Oman's tourism and hospitality sectors are undergoing significant expansion as the country advances its long-term development goals under Vision 2040. A new Growth Perspectives Video produced by Oxford Business Group (OBG), in partnership with OMRAN Group, examines how investment, innovation and sustainable practices are helping to position tourism as a key contributor to national progress. The video, titled Oman's tourism and hospitality sectors undergo transformative growth, highlights the country's target of attracting 11 million tourists annually by 2040, supported by around OR20bn ($51bn) in projected investment to the sector, according to National Tourism Strategy 2040. Particular focus is placed on the contribution of the hospitality segment, which is forecast to achieve a compound annual growth rate of 6.3% by 2026, according to Oman's National Centre for Statistics and Information (NCSI). The video outlines the importance of a broad range of offerings—from luxury resorts and business hotels to eco-lodges—and explores Oman's efforts to align tourism development with environmental, social and governance (ESG) principles. In line with Oman's National Tourism Strategy, the sector's growth is being guided by a commitment to cultural preservation and sustainable development. Strategic projects such as the Sustainable City Yiti in Muscat—a $1bn eco-urban initiative—demonstrate how Oman is combining infrastructure modernisation with climate-conscious planning. The country is also leveraging its rich cultural heritage and natural attractions, including UNESCO World Heritage sites and diverse landscapes across its governorates. Dana Carmen Agarbicean, OBG's Country Director for Oman, said the country's growing profile as a tourism destination reflects effective public-private collaboration and a clear strategic vision. 'Oman's tourism and hospitality sectors are becoming increasingly important pillars of economic diversification. The sector's expansion is supported by targeted investment, institutional coordination and an emphasis on sustainable, inclusive growth.' This Growth Perspectives Video forms part of Oxford Business Group's wider research for The Report: Oman 2025, the Group's forthcoming publication on the country's investment opportunities and economic developments. The report will also feature a detailed interview with Hashil bin Obaid Al Mahrouqi, the Chief Executive Officer at OMRAN Group. To view the video, visit: About Oxford Business Group Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia, and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world's fastest-growing markets, termed The Yellow Slice, in reference to OBG's corporate colour. Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. OBG provides business intelligence to its subscribers through multiple platforms, including its direct subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv's (previously Thomson Reuters) Eikon subscribers, and more. For more information, please contact: Marc-André de Blois Director of PR and Video Content, Oxford Business Group E-mail: mdeblois@ 802 Publishing Pavilion, Production City PO Box 502 659 Me'aisem First Dubai UAE 6th Floor 105 Victoria Street London SW1E 6DT Register to receive our Economic Updates:
UAE Moments
2 days ago
- UAE Moments
Your Daily Career Tarot Card Reading for August 2nd, 2025
2.8.25 The Tower: If you've drawn this card you may feel you're on shaky ground. Perhaps you're worried that your job security is on the line, or that a business idea you've put a lot of time and energy into might crash. However, this can also be a time of positive change, with an opportunity to embrace career or business goals that, though challenging, could bring exciting rewards further down the line.
ARN News Center
2 days ago
- ARN News Center
TECOM Group delivers strong H1 results with AED 737 million profit
TECOM Group has posted strong financial results for the first half of 2025, reporting a 22 per cent jump in net profit year-on-year to AED 737 million. The Group, which operates 10 specialised business districts across Dubai, also posted a 21 per cent rise in revenue, reaching AED 1.4 billion, driven by higher rental rates, strong occupancy and returns from strategic asset acquisitions. Earnings before interest, tax, depreciation and amortisation (EBITDA|) climbed 24 per cent to AED 1.1 billion, with the Group's EBITDA margin improving to 80 per cent, reflecting continued operational efficiency. Funds from operations also saw a 17 per cent boost, reaching AED 984 million, further highlighting strong portfolio performance and revenue quality. In line with its dividend policy, TECOM's Board has approved an interim cash dividend of AED 400 million for the first half of the year. The results reinforce TECOM Group's position as a key player in Dubai's business landscape, supporting vital sectors and strengthening the UAE's role as a global investment hub. TECOM Group reports robust 22% growth in H1 2025 net profit to AED 737 million, driven by strategic expansion and strong performance across business segments. — Dubai Media Office (@DXBMediaOffice) August 1, 2025 H1 2025 Operational Highlights In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent which today generates 65% of Dubai's technology sector GDP. In May, Pure Ice Cream commenced construction on its AED 80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector. Dubai Media City supported the launch of Dubai Press Club's Arab Media Outlook – Future Vision report at Arab Media Summit in May. Dubai Design District (d3) marked more than a decade of enabling design excellence at a special celebratory event, during which the district launched the d3 Awards, a prestigious award platform to celebrate industry talent in the region. IMCD, a global leader in specialty chemicals and ingredients, expanded its Middle East presence with new offices and Technical Centres in Dubai Science Park in June. In April, Dubai Knowledge Park and Dubai International Academic City showcased business opportunities at China International Education Exhibition Tour as part of a delegation led by Dubai's Knowledge and Human Development Authority (KHDA), in partnership with Dubai Department of Economy and Tourism (DET) and Dubai Chambers.
