Muscat: The Sultanate of Oman celebrated the Logistics Day today in an event organized by the Ministry of Transport, Communications and Information Technology, underscoring the sector’s significance as a primary pillar of the national economy. The cer…
Muscat: Gold prices rebounded today from a one-month low hit the day before, supported by a weaker US dollar, despite rising oil prices that kept concerns about inflation and the prospect of higher interest rates for a longer period. Spot gold increas…
Muscat: The official price of Oman crude oil for June delivery reached US$111.44 per barrel today. This represents an increase of US$6.57 compared to yesterday’s price of US$104.87 per barrel.
According to Oman News Agency, the monthly average price…
Muscat: O Bunkering Company and Marafi Services Company have announced the completion of their merger and the establishment of a unified national entity under the name “O Bunkering”.
According to Oman News Agency, this move represents a shift in th…
Muscat: His Majesty Sultan Haitham bin Tarik today issued Royal decree No. (50/2026) on establishing an Artificial Intelligence Special Zone in the Governorate of Muscat.
According to Oman News Agency, Article (1) of the decree stipulates that an ec…
Muscat: Oil prices today jumped to their highest level in nearly four years, fueled by reports of further disruptions to Middle East supplies. Brent crude futures for June delivery rose more than $8 to $126.09 a barrel, their highest level since March…
