Business
IMF commends resilience of Oman’s economy and reform momentum
Muscat: The International Monetary Fund (IMF) has commended the resilience of Oman’s economy and the continued momentum of its structural...
Business
Duqm power plant secures $385 million EPC deal
MUSCAT, JUNE 16 Oman’s 870-megawatt Duqm gas-fired power plant has secured a $385 million engineering, procurement and construction (EPC) contract,...
Business
Oman, Sri Lanka explore economic zone partnerships
MUSCAT: Oman and Sri Lanka have discussed opportunities to strengthen cooperation in special economic zones, free zones and industrial cities,...
Business
TRA seeks views on child social media rules
MUSCAT: Oman’s Telecommunications Regulatory Authority (TRA) has launched a public consultation on proposed regulations governing children’s use of social media...
Business
Oman real estate deals near RO 946 million
MUSCAT: The value of real estate transactions in Oman rose 13.4 per cent year-on-year to RO945.8 million by the end...
Business
Jet fuel output in Oman rises 10.9%
MUSCAT: Oman’s refining sector delivered mixed results during the first four months of 2026, with stronger jet fuel output and...
Business
Omani space tech startup wins FFO backing
MUSCAT, JUNE 16 Muscat-based Rocket Elements and Technologies (RE&T), an Omani space technology startup focused on advanced propulsion systems, has...
Business
Private vehicle inspection station launched in Oman
MUSCAT, JUNE 16 In a move marking a new era for private sector participation in the vehicle transport and technical...
Business
Oman crude drops to $72.99 as global oil prices slide
Muscat: The GME Oman marker price for the August 2026 Oman Crude Oil Futures Contract fell to $72.99 per barrel...
Business
Strait of Hormuz transit will take ‘weeks’ to resume
Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal...