The leaders of the United States and Iran have signed a 14-point memorandum of understanding to end the war between their countries, as well as Israel’s military assault on Hezbollah in Lebanon. From the US point of view, the deal leaves a lot to be desired. Washington is giving up a lot for very little […]
The clock is ticking on the Iran peace deal. A memorandum of understanding between Iran and the US is due to be signed in Geneva on June 19, allowing for a 60-day ceasefire extension and the opening of the strategically vital waterway, the Strait of Hormuz. But key questions remain unresolved that could yet scupper […]
US President Donald Trump hailed the deal ending the US-Israel war with Iran with a triumphant message: “Ships of the World, start your engines. Let the oil flow!” he wrote on his online social media platform. But how realistic is a swift resumption of ship movement through the Strait of Hormuz? Oil traders are hopeful. […]
MUSCAT, JUNE 16 Oman’s 870-megawatt Duqm gas-fired power plant has secured a $385 million engineering, procurement and construction (EPC) contract, advancing one of the Sultanate of Oman’s largest new power generation projects. South Korea’s Doosan Enerbility said it had signed the contract with Coastal Power SAOC, the project company established to develop the plant in […]
Shehbaz Sharif, the prime minister of Pakistan, which served as the key negotiator between the U.S. and Iran, announced on June 14, 2026, that the two sides had agreed on a deal to end the war. It will be officially signed on June 19 in Switzerland. President Donald Trump announced it on Truth Social as […]
Share markets surged in Asia on Monday while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates. Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday that a deal […]
A few hours before the inauguration of the Berlin ILA airshow, the German Chancellor unsurprisingly announced the end of the Future Combat Air System (FCAS). Launched by Emmanuel Macron and Angela Merkel in 2017, the program initially intended to prepare a Next Generation Fighter (NGF) aircraft, remote effectors, loyal unmanned wingmen (drones, as in unmanned […]
Muscat: As Oman India Fertiliser Company (OMIFCO) prepares to open its initial public offering to investors, one of the most important elements behind the company’s profitability lies outside the share offer itself: a long-term natural gas supply agreement with the Government of Oman. The agreement, signed in September 2025 and effective from July 15, 2025, […]
