MUSCAT: The Gross Domestic Product (GDP) of the Sultanate of Oman at current prices amounted to approximately RO 10,293.200 million by the end of the first quarter of 2026, compared to RO 10,500.700 million during the same period in 2025, registering a decline of 2 per cent, according to Preliminary data released by the National […]
CHICAGO/LONDON: Airlines stand to save billions of dollars on jet fuel after an interim U.S.-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep fares well above pre-war levels. The U.S. market offers the clearest example. Fare increases still lag this year’s […]
It’s summer grilling season, but for many Americans, surging prices mean beef is no longer what’s for dinner. The cost of beef, having spiked since early 2025, is coming under even more pressure. The most recent is the screwworm outbreak that hit cattle in Mexico and has now spread to the United States, where the […]
Muscat: The GME Oman marker price for the August 2026 Oman Crude Oil Futures Contract fell to $72.99 per barrel on June 16, recording a decline of $3.94, as global oil prices slipped to fresh three-month lows amid easing supply concerns. The latest price marks a sharp retreat from the recent high seen in Oman […]
MUSCAT: Oman’s real estate market recorded strong growth in the first quarter of 2026, with the Real Estate Price Index rising 15.9 per cent year-on-year, driven largely by sharp increases in residential and commercial land values. Data released by the National Centre for Statistics and Information (NCSI) showed that the residential property price index climbed […]
