Thursday, November 5, 2026

Business

Oman-Russia Business Forum Opens New Horizons for Economic Partnership

Muscat: The Oman-Russia Business Forum, organized today by Oman Chamber of Commerce and Industry (OCCI) in cooperation with the Ministry of Commerce, Industry and Investment Promotion and the Russian Roscongress Foundation, showcased new horizons for economic partnerships between the two countries. The forum focused on the sectors of energy, technology,

Global Quality Week Culminates with Ceremony by Oman Vision 2040 Unit

Muscat: The Oman Vision 2040 Implementation Follow-up Unit organized the closing ceremony of the Global Quality Week. This event marked the culmination of a week filled with activities involving over 30 government entities that executed various events and institutional initiatives. These initiatives were aimed at fostering a culture of quality,

Oman Oil Price Drops 2.31 US Dollars

Muscat: Oman oil price (January delivery 2026) today reached 63.56 US Dollars, comprising a drop by 2.31 US Dollars, compared to the price of yesterday ‘Wednesday’, which was 65.87 US Dollars. According to Oman News Agency, the average price of Oman oil (November delivery 2025) has stabilized at 70.01 US

Oman Oil Price Rises 88 Cents

Muscat: Oman oil price for January delivery 2026 has increased by 88 cents, reaching 65.87 US dollars. This marks an increase compared to the previous day’s price of 64.99 US dollars. According to Oman News Agency, the average price of Oman oil for November delivery 2025 has stabilized at 70.01

Oman Signs Four Air Transport Service Agreements with Global Partners

Punta cana: The Sultanate of Oman has signed four bilateral air transport service agreements with the Dominican Republic, Costa Rica, Zambia, and Cabo Verde. The signings took place during Oman’s participation in the International Civil Aviation Organization’s Air Services Negotiation Event (ICAN2025), hosted in Punta Cana, Dominican Republic. According to

OPEC Forecasts Balanced Oil Market by 2026, Revising Earlier Deficit Outlook

Muscat: Global oil supply will match demand in 2026 in a reflection of the wider OPEC+ group’s production increases and higher supply from other producers, an OPEC report showed today, marking a further shift from its earlier projections of a supply deficit. The OPEC+ group comprising the Organization of the

IEA Expects Continued Growth in Oil and Gas Demand Until 2050

Paris: The International Energy Agency (IEA) announced that global demand for oil and gas may continue to rise until 2050, marking a departure from its previous forecasts that had predicted a faster shift toward clean fuels. According to Oman News Agency, the Agency, headquartered in France, said in its World

Oil Prices Edge Lower as Markets Assess Impact of US Government Reopening

London: Oil prices fell today after gaining in the previous session, as markets assessed expectations that the end of the longest government shutdown in US history could boost demand in the world’s largest oil consumer. According to Oman News Agency, Brent crude futures declined by 8 cents, or 0.12%, to

Recent posts

Oman Participates in GCC Culture Ministries’ Preparatory Meeting

Muscat:The Sultanate of Oman participated in a preparatory meeting of Undersecretaries of Ministries of Culture from GCC states. This meeting, conducted via video conference, served as groundwork for the upcoming 30th meeting of GCC Ministers of Cultu…

Sultan Haitham Embarks on State Visit to China

Muscat:His Majesty Sultan Haitham bin Tarik departed this morning for the People’s Republic of China on a two-day state visit. The visit comes in response to an invitation from President Xi Jinping of China.

According to Oman News Agency, His Majest…