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Monday, August 31, 2026 | Rabi' al-awwal 17, 1448 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
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

Oman retains investment grade credit rating

S&P expects Oman’s economy to grow by 1.4 per cent in 2026 and by an average of 2.3 per cent during 2027–2029.

Oman targets 400,000 t/y chromite output by 2030

The goal is to “position the Sultanate of Oman as a reliable supplier of chromite ore and value-added products in Asia” by 2030.

Standards strategy drives labour market gains

Zaher bin Abdullah al Sheikh

Maritime portal streamlines sector services in Oman

The initiative aims to accelerate procedures, enhance user experience, and significantly reduce reliance on paperwork and manual transactions.

WTO talks near deal on reform roadmap

Delegates attend the World Trade Organisation (WTO) 14th ministerial meeting in Yaounde, Cameroon. — Reuters

Oman ports emerge as global trade pivot

SOHAR Port recorded an exceptional 1,766 per cent surge in ship destination change requests.

Manufacturing sector in Oman hits RO 3.7 billion

Manufacturing sector reflects a cumulative growth of around 22 per cent and an average annual increase of close to 5 per cent.

Inflation rises 2% in February 2026

The average inflation rate increased by 1.7 per cent during the first two months of the year.

Total Energies deepens presence across Oman’s energy sector

Layout of Marsa LNG’s complex at Sohar Port.

Oman reinforces commitment to global trade system

Oman’s participation reflects its commitment to strengthening multilateral trade cooperation.

APSR to review progress, outline new projects

The meeting will present a comprehensive review of projects completed under the Tenth Five-Year Plan.

S&P confirms Oman's credit rating is at investment grade

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Australia’s HyTerra inks pact to assess Oman’s geologic hydrogen potential

Geologic hydrogen is produced when water interacts with iron-rich rocks such as peridotite

A helium shortage threatens the chip industry

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Oman crude price drops by over $20

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