Business News

Oman seen backing OPEC+ output strategy

Oman is expected to support a cautious, phased approach to future oil production increases as OPEC+ prepares for a key…

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Oil slumps on hopes of Iran deal

Oil prices ​skidded, and stocks wobbled on Monday as hopes of ​a peace deal in the Middle East grew, while…

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OCCI strengthens digital economy cooperation with Mauritania

The participation of the Oman Chamber of Commerce and Industry (OCCI) in the official delegation of the Sultanate of Oman…

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Ibri Industrial City draws RO 25 million in investment

MUSCAT: Ibri Industrial City attracted investments worth RO 25.00 million by the end of the first half of 2026, as…

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Oman awards RO 734 million in projects

MUSCAT: Oman awarded 74 government contracts worth a combined RO 734.00 million during the first seven months of 2026, led…

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Gold market shows resilience as price momentum cools

The World Gold Council’s Q2 2026 Gold Demand Trends report reveals that total gold demand was flat year-on-year at 1,269t, as…

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OIA-backed Crusoe to pilot nuclear-powered US data centre

MUSCAT: Crusoe, the US artificial intelligence infrastructure company in which Oman Investment Authority (OIA) retains a stake, plans to pair…

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