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Sunday, December 21, 2025 | Jumada al-akhirah 29, 1447 H
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Economy

OIA-backed fish canning plant in Duqm boosts value-added fisheries industry

MUSCAT: A major tuna and sardine canning facility backed by the Oman Investment Authority (OIA) has begun operations in the Special Economic Zone at Duqm, reinforcing the Sultanate’s push to increase value-added...

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Global power grid expansion fuels fresh copper demand surge

Some analysts predict copper prices will hit records above $12,000 a ton before the end of the decade— Reuters

World stocks mixed on weak economic data and upbeat earnings

The most recent development came from the Bank of Japan, which held interest rates and increased its inflation forecast— Reuters

Oman Airports expands drive to boost aviation logistics hub

The agreement was signed by Ahmed bin Said al Amri, CEO of Oman Airports, and Hussein bin Abdullah al Haddad, Chairman of the Board of Directors of United Summit Business Company.

Oman acquires Agribrasil to boost food security

The Middle East and North Africa (MENA) region, including Oman, accounted for 58% of Agribrasil’s exports. Image for illustration only.

Omani exporters familiarised with modern customs systems

Representatives of around 30 entities in the governorate attended the 4-day programme.

US economic growth likely rebounded in Q2

Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California. — Reuters

Oman's trade balance surplus exceeds RO 2.4 billion

Oman's non-oil commodity exports witnessed a significant growth of 7.2 per cent.

Oman a strategic choice for green iron: Meranti

The Duqm facility will manufacture Hot Briquetted Iron (HBI) to serve as feedstock for Meranti’s green steel project in Thailand. Picture for illustration only.

OPAZ named Best Service Outlet in Muscat Governorate for 2024

The award is conferred upon government entities participating in the Institutional Excellence System.

Foundation stone laid for RO 80 million tourism complex in Salalah

The project is considered a landmark tourism venture due to its prime location and comprehensive facilities in tourism and hospitality.

Omani startup targets onboarding of 5,000 drone pilots

SERB aligns closely with Oman Vision 2040—aiming to enhance airspace safety, foster innovation in drone technology, and support the broad use of drones across the economy: FFO

Pact signed to develop natural hydrogen value chain

This partnership marks a significant step toward establishing a robust hydrogen ecosystem in SOHAR.

SEZAD opens Duqm Summer Series with AI focus

Eng Ahmed Akaak, CEO, SEZAD

US and EU avert trade war with 15% tariff deal

US President Donald Trump shakes hands with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain. — Reuters

GCC countries record $587.8 billion in nominal GDP

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