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Thursday, June 25, 2026 | Muharram 9, 1448 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Economy

Concession pact for Block 80 signed

MUSCAT: The Ministry of Energy and Minerals (MoEM) signed a concession agreement on Wednesday for Block 80 with OQ Exploration and Production (OQEP) - Musandam Offshore and Turkish Petroleum Overseas Company Limited...

The agreement was signed by Eng Salim bin Nasser al Aufi, Mahmoud bin Salim al Hashmi, and Cagri Sirin.

Global Financial Centre to come up in Oman

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Governorate development spending hits RO 507m

Key initiatives included the paving of internal roads, the development of public parks, and the establishment of waterfronts.

‘Oman Celebrates’ campaign to stimulate local economy

The month long campaign aims to strengthen public–private sector partnerships, stimulate economic and commercial activity, and boost overall trade momentum across Oman

200km dedicated H2 pipeline planned in Al Duqm

Key Omani national utilities are leading the build-out of an integrated Common-Use Infrastructure (CUI) for the green hydrogen sector.

Dollar steady ahead of US jobs report

Sterling slipped 0.3% to $1.3456 but remained near a four-month high hit earlier in the week.— Reuters

UK house prices see weakest growth

Prices fell 0.6% month-on-month in December, following a 0.1% decline in November.— Reuters

Budget 2026 as Oman’s confidence barometer

An oil-price assumption of $60 a barrel provides an “adequate margin of safety”, protecting the baseline while preserving upside should prices surprise to the upside.

Oman advances heritage tourism with five flagship projects

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Muttrah Teleferik to welcome over 4 million visitors annually

Designed to offer a smooth and scenic experience, the system will operate 18 modern cable cars, each with a capacity of eight visitors.

Novel tech to unlock ultra-heavy oil reservoir

Illustration of Salamander’s electric heating solution.

Uptrend in Oman’s non-hydrocarbon revenues

Fiscal diversification remains a cornerstone of Oman’s economic sustainability strategy.

Oman introduces dedicated economic and development tracks

New planning framework strengthens integration between national priorities and community needs.

'Oman Celebrates’ discounts campaign set to begin

Nasra bint Sultan al Habsiyah, Director General of Trade at the Ministry of Commerce, Industry and Investment Promotion.

MoU signed for hydrogen-based transport efficiency solutions

The agreement focuses on the use of hydrogen injection technology as a maintenance and efficiency solution for trucks and heavy equipment.

11th Plan prioritises manufacturing, tourism

The manufacturing sector was selected due to its role as a major source of exports and a generator of both direct and indirect employment.
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