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Author: Web Desk

EDO Issues USD 10-Year Sukuk Worth RO 250 Million

Muscat: Energy Development Oman (EDO) has successfully issued a USD 10-year Sukuk worth RO 250 million (USD 650 million), set to mature in January 2036. This initiative is aligned with EDO’s ongoing financing strategy, aimed at supporting a portion of…

Oil Prices Rise on Supply Concerns

Muscat: Oil prices rose today as concerns over supply persisted due to a winter storm that disrupted crude oil production and exports in the United States. Brent crude futures gained 28 cents, or 0.4 percent, to USD 67.85 a barrel, while US West Texas…

Oman Air Achieves Record-Breaking Commercial Performance in 2025

Muscat: Oman Air recorded robust commercial performance during 2025, achieving a milestone in the airline’s ongoing transformation program resulting from the success of initiatives aimed at enhancing operational efficiency, achieving sustainable growt…