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Monday, August 31, 2026 | Rabi' al-awwal 17, 1448 H
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Economy

US urges G20 to pursue growth amid rising debt concerns

ASHEVILLE: US officials urged Group of ​20 country finance leaders on Monday to push harder ​for economic growth as the best way to counter concerns over rising global debt levels. The two-day meeting in Asheville,...

US Treasury Secretary Scott Bessent, Federal Reserve Chair Kevin Warsh, President and CEO of Citizens Bank of Edmond Jill Castilla, CEO of JPMorgan Chase Jamie Dimon attend a plenary session as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina. - Reuters

Masar Petroleum announces major discovery in Block 7

First production from the Hasirah Reservoir is anticipated in Q4 2026.

Invest Oman reshapes investment promotion landscape

Over 55 projects benefitted from the fast-track pathway and services were provided to over 3,500 international investors.

Oman scales up food security strategy

Oman has achieved high self-sufficiency rates in several commodities.

Oman Air posts positive EBITDA after 15 years

Con Korfiatis, Chief Executive Officer, said the airline’s turnaround is gaining traction.

SEZAD — SQU summer international programme launched

The initiative will see students work on defined assignments inside host organisations.

Meranti eyes downstream steel investments beyond Duqm HBI project

‘We do see strong potential for a second phase’: Meranti CEO

Omani company among top in global food safety audit

The recognition is a testament to the national workforce.

Oman, German export credit agencies explore cooperation

The strategic engagement aims to strengthen bilateral trade relations between Oman and Germany

War piles economic pain onto Europe’s political stress

(FILES) A man fills in the tank of his truck at a gas station on March 16, 2022 in Savenay, western France. The increase in fuel prices due to the situation in the Middle East has led to a surge in fuel theft from truckers’ tanks. (Photo by Loic VENANCE / AFP)

Oman economy shows resilience amidst global risks

The IMF revised its global growth forecast upwards to 3.3 per cent in January 2026, compared to 3.1 per cent projected in October 2025.

Oman FDI surpasses RO 31 billion in 2025

The increase compares with RO 29.02 billion recorded during the same period in 2024.

RO 29 million investments advance food security projects

A total of 33 projects have been executed across plant, animal and aquaculture sectors.

Low-sulphur fuel project planned for Shinas Port

Shinas Port cargo volumes reach 813,155 tonnes in 2025, with imports dominating trade flows.

Raysut Industrial City attracts RO 38 million investments

The city aims to attract 100 new projects worth RO 100 million and generate around 2,000 jobs for citizens.

Oman Airports signs Rwanda aviation mou

The MoU underscores Oman Airports’ strategy to expand its international footprint.
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