Economy

Muscat: The total direct and indirect economic value of the tourism sector in the GCC countries rose to approximately $254.7 billion in 2025, while the...

Muscat: Revenues of 3 to 5 star hotels in the Sultanate of Oman reached approximately OMR156.54 million until the end of August 2026, compared to OMR175.84...

Muscat: The Board of Directors of the Central Bank of Oman (CBO) held its third meeting for 2026 on Sunday, at the Bank’s headquarters in Muscat...

Muscat: In terms of foreign trade, the value of Oman's squid exports during 2025 stood at approximately OMR4.47 million exported to 19 countries around the...

Washington, DC: US Energy Secretary Chris Wright highlighted the administration's policy focus on expanding domestic oil, natural gas, refining capacity,...

New Delhi: Gold prices could rise to $4,600-5,000 per ounce in the first half of 2027 as elevated US real yields and a stronger dollar ease, even as the...

New Delhi: A key outcome of the 18th BRICS Summit in New Delhi has been fresh momentum in defence and military cooperation between India and South Africa,...

Muscat: Duqm Refinery has reached approximately 110% of its design capacity, recording production of around 255,000 barrels per day (bpd) in 2026,...

Muscat: The Omani stock market closed this week slightly lower, with the MSX 30 index down 0.65% to 7554.13 points. The value of shares traded decreased by...

Muscat: Industrial companies listed on the Muscat Stock Exchange (MSX) recorded a positive performance during the week, with the shares of Oman Cement, Al...