DUBAI: Women’s salaries increased by more than 160 percent in Oman from 2010 to 2016, national daily Times of Oman reported, citing National Centre for Statics and Information (NCSI).
New laws governing wages in the country led to an average 162 percent increase, inflating the average $758 monthly salary for women in 2010 to $1,987 in 2016, the report added.
The salary hike is part of Oman’s ongoing efforts to empower women and to fight discrimination against them, including the wage gap between Omani men and women.
The country’s capital, Muscat, ranked third among the Omani governorates for women’s empowerment efforts, the lowest illiteracy rates among women, and second for women in secondary and higher education.
The sultanate also has the highest percentage of women in supervisory positions and lowest percentage of female jobseekers.
The NCSI also discussed the progress of Omani women between 2010 and 2016 in the “Omani women’s empowerment guide.”
Oman more than doubles women’s wages in less than a decade
Oman more than doubles women’s wages in less than a decade
- The average $758 monthly salary for women in 2010 increased to $1,987 in 2016
- The salary hike is part of Oman’s ongoing efforts to empower women and decrease the wage gap between Omani men and women
Kuwait to boost Islamic finance with sukuk regulation
- The move supports sustainable financing and is part of Kuwait’s efforts to diversify its oil-dependent economy
RIYADH: Kuwait is planning to introduce legislation to regulate the issuance of sukuk, or Islamic bonds, both domestically and internationally, as part of efforts to support more sustainable financing for the oil-rich Gulf nation, Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah said on Wednesday.
Speaking at the World Governments Summit in Dubai, Al-Sabah highlighted that Kuwait is exploring a variety of debt instruments to diversify its economy. The country has been implementing fiscal reforms aimed at stimulating growth and controlling its budget deficit amid persistently low oil prices. Hydrocarbons continue to dominate Kuwait’s revenue stream, accounting for nearly 90 percent of government income in 2024.
The Gulf Cooperation Council’s debt capital market is projected to exceed $1.25 trillion by 2026, driven by project funding and government initiatives, representing a 13.6 percent expansion, according to Fitch Ratings.
The region is expected to remain one of the largest sources of US dollar-denominated debt and sukuk issuance among emerging markets. Fitch also noted that cross-sector economic diversification, refinancing needs, and deficit funding are key factors behind this growth.
“We are about to approve the first legislation regulating issuance of government sukuk locally and internationally, in accordance with Islamic laws,” Al-Sabah said.
“This enables us to deal with financial challenges flexibly and responsibly, and to plan for medium and long-term finances.”
Kuwait returned to global debt markets last year with strong results, raising $11.25 billion through a three-part bond sale — the country’s first US dollar issuance since 2017 — drawing substantial investor demand. In March, a new public debt law raised the borrowing ceiling to 30 billion dinars ($98 billion) from 10 billion dinars, enabling longer-term borrowing.
The Gulf’s debt capital markets, which totaled $1.1 trillion at the end of the third quarter of 2025, have evolved from primarily sovereign funding tools into increasingly sophisticated instruments serving governments, banks, and corporates alike. As diversification efforts accelerate and refinancing cycles intensify, regional issuers have become regular participants in global debt markets, reinforcing the GCC’s role in emerging-market capital flows.
In 2025, GCC countries accounted for 35 percent of all emerging-market US dollar debt issuance, excluding China, with growth in US dollar sukuk issuance notably outpacing conventional bonds. The region’s total outstanding debt capital markets grew more than 14 percent year on year, reaching $1.1 trillion.
