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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

Mamun expands HK presence to boost Oman, GCC trade finance links

Mamun representatives meeting with executives in Hong Kong.

IFC sees United Solar as diversification catalyst

Wendy Werner, World Bank Group Country Manager for Oman.

Oman, Jordan launch RO 38.5m joint investment company

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MDO partners with Solidcore Resources to advance copper exploration project

Under the agreement, Solidcore Resources will earn up to a 60 per cent stake in the project through a phased investment structure.

United Solar closes $1.6 bn funding

The company said IFC has now arranged and mobilised more than 30 per cent of the total project financing.

Oman’s mega pumped hydro bet: Investing in a 100-year energy asset

Image for illustration: A new reservoir planned on top of Jabal Abyadh will accommodate multiple reversible pump-turbines, transformers, and associated electromechanical systems.

World absorbs historic Iran war oil supply loss

A 3D-printed oil pump jack and oil barrels are placed on dollar banknotes in this illustration picture. — Reuters

Global investors express strong confidence in Gulf economy: Survey

James Davies, Chief Executive Officer of Consulum

Oman to modernise air traffic surveillance system

Officials signing the agreement in Paris recently.

Omani brands target Egypt through franchising

The OCCI steps up efforts to position franchising as a driver of private sector growth and economic diversification.

Oman posts 2.6% GDP growth in first quarter

At constant prices, the economy expanded, supported by a 4.59 per cent rise in oil activities and 2.36 per cent growth in non-oil activities.

Oman Advanced Air Mobility strategy pact

GUAMobility-led consortium to develop Oman’s National Advanced Air Mobility Strategy.

Omani firms can adopt AI while keeping data at home

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Etlaq, Latitude sign pact for first launch from Oman

Etlaq and Latitude will establish a framework for the first experimental launch of Latitude's launch vehicle from Etlaq Spaceport.

Oman weighs Musandam power interconnection via subsea cable

At the heart of the proposed interconnection project is a 141km long submarine cable extending from Shinas (North Al Batinah) to Dibba (Musandam) [Picture for illustration]
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