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Monday, October 26, 2026 | Jumada al-ula 14, 1448 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Economy

UER eyes $3.5 bn Venezuela Oil development

MUSCAT: United Engineering Hydrocarbon Technology LLC (UER), an Oman-based specialist in heavy and extra-heavy crude oil treatment and upgrading, is exploring new international business opportunities following a...

Representatives of Pacific Coast Energy Company (PCEC) and Switzerland-based I-Capital AG during their Muscat visit

Oman firms’ value added jumps 31.2%

Employment nevertheless increased, with the number of workers at active private-sector establishments rising 1.4 per cent to 1,827,518 from 1,802,972 in the second quarter of 2025.

Oman widens local content investment drive

The phased rollout was reviewed at the second meeting of the Executive Committee for Local Content for 2026, chaired by Dr Khamis bin Saif al Jabri, Minister of Economy.

Salalah Port will operate under existing concession agreement until November 1, 2028

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Oman port cargo jumps to 146 million tonnes

The number of vessels calling at ports and maritime docks outside port boundaries increased 27.9 per cent to more than 11,000, from 8,793 a year earlier.

Industrial projects bolster Oman investment drive

Mohammed Ameen Sait, Chief Executive Officer of the Sea Pride Group of Companies.

Oman food sectors grow 3.3%

436 projects were implemented or developed between 2021 and 2025, involving investment exceeding RO 1.70 billion.

Musandam advances investment drive

Musandam pursues infrastructure and industrial projects intended to attract investment, improve transport links and broaden its economic base.

RO 44.5m projects launch in Al Irfan’s expansion

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AI platform targets Oman construction claims

The platform analyses construction records to flag contractual risks and prepare claims for human review, according to Masin AI

US Treasury urges renaming AI as ‘super intelligence’

We see this as a driving force behind American growth and global growth.

Chinese startup DexForce trains humanoid robots using virtual data to slash costs

DexForce is relying on synthetic data generated in virtual environments to cut costs and improve training efficiency.

Visit Oman redraws strategies to navigate global challenges

Shabib al Maamari, Managing Director of Visit Oman.

IMF warns Gulf economies will not return to pre-war growth soon

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Oman summit unveils new investment plans

Held under the auspices of HH Sayyid Mohammed bin Salim al Said, it was attended by Shaikh Faisal bin Abdullah al Rawas, Chairman of the Oman Chamber of Commerce and Industry (OCCI).

Oman advances geothermal energy study of natural hot springs

The consultancy tender marks a further step towards assessing the commercial viability of geothermal energy resources in the Sultanate of Oman.
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