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- Rafal to develop 4 hotels in Riyadh, Tilal Khuzam units accessible from $1,867 monthly: CEO
- Nasdaq tumbles on renewed angst over AI building boom
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- Landmark India-Oman economic pact set to transform bilateral trade
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- Global M&A deals hit $4.8bn on strong tech and AI deals
- Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I
19/12/2025 03:44 AST
India and Oman have formally entered into a Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in their strategic and economic relations. Signed under the guidance of Prime Minister Narendra Modi and His Majesty Sultan Haitham bin Tarik, the agreement grants India unprecedented market access with zero-duty entry on over 98% of Oman's tariff lines. This breakthrough is expected to provide a substantial boost to labour-intensive sectors such as textiles, gems and jewellery, and engineering goods, while simultaneously offering robust protections for India's sensitive agricultural and small business interests.
The agreement also introduces a forward-looking framework for the services sector, significantly enhancing professional mobility for Indian experts. A notable highlight includes the extension of permitted stays for contractual service suppliers from 90 days to up to four years. Furthermore, the pact introduces a pioneering commitment to Traditional Medicine, opening new avenues for India's AYUSH and wellness sectors in the Gulf. With fast-tracked pharmaceutical approvals and mutual recognition of organic certifications, the CEPA is poised to deepen long-term economic integration and create high-value employment opportunities across both nations.
Muscat Daily
| Ticker | Price | Volume |
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19/12/2025
Rafal Real Estate Development Co, a Saudi developer, plans to advance its expansion strategy, with investments in Riyadh reaching about SR6.5 billion ($1.73 billion) by 2025.
The company aim
Arab News
19/12/2025
The Saudi government's Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom's transitio
Arab News
19/12/2025
Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the approval from the State Audit Bureau allocating funds worth KD1.2 billion ($3.9 billion) to carry out engineerin
Trade Arabia
19/12/2025
The total value of Bahrain's non-oil exports (national origin) increased to BD317 million ($836 million) over the last year's figures of BD316 million ($833 million), according to a report by Informa
Trade Arabia
19/12/2025
Saudi Arabia has achieved an unprecedented milestone, ranking second worldwide in the 2025 GovTech Maturity Index (GTMI) released by the World Bank, covering 197 economies.
The results were
Asharq Al Awsat
Financial Information Co.
Saudi Arabia