Thursday, November 5, 2026

Business

Major Breakthrough Achieved in Government Project Efficiency

Muscat: The Projects, Tenders and Local Content Authority has announced significant performance improvements across Oman’s government projects sector during the previous year (2024) and the first half of the current year (2025). Key achievements include a substantial 43 percent reduction in tender estimated costs, generating financial savings exceeding RO 30

US Government Shutdown Strains Air Traffic, Delays Nearly 7,000 Flights

Muscat: Air travel disruptions in the United States worsened as the federal government shutdown entered its 27th day, with approximately 7,000 flights delayed nationwide today due to the increasing absence of air traffic controllers. The Federal Aviation Administration (FAA) announced a staffing shortage, necessitating ground delay programs that impacted airports.

Dollar Slips Ahead of Central Bank Meetings

Muscat: The US dollar was weaker today ahead of a slate of central bank meetings that will likely see a rate cut in the US and as investors kept a wary eye on US President Donald Trump’s Asia tour, hoping for a trade deal with China. The yen strengthened more

Oil Prices Decline as OPEC Plans to Increase Output

Muscat: Oil prices fell today, extending losses from the previous two sessions, due to OPEC’s plans to increase output, which outweighed optimism about a potential trade deal between the United States and China. Brent crude futures dropped by four cents to $65.58 a barrel, while US West Texas Intermediate (WTI)

Oman Oil Price Declines 2.49 US Dollars

Muscat: Oman oil price (December delivery 2025) today reached 65.35 US Dollars, comprising a decline by 2.49 US Dollars compared to the price of yesterday ‘Monday’, which stood at 67.84 US Dollars. According to Oman News Agency, the average price of Oman oil (October delivery 2025) has stabilized at 69.33

Lebanon’s Minister of Economy, Trade Explores Madayn’s Investment Climate

Muscat: Dr. Amer Bassat, Minister of Economy and Trade of the Lebanese Republic, visited the Public Establishment for Industrial Estates ‘Madayn’ at its headquarters in the Knowledge Oasis Muscat today. Eng. Dawood bin Salim Al Hadabi, CEO of Madayn, welcomed the delegation and shared insights into Madayn’s vision of positioning

Heritage Ministry Signs Contract to Operate, Employ Samail Fort

Samail: The Ministry of Heritage and Tourism signed a contract with Rawafid Samail International Company to manage, operate and employ Samail Fort in the Wilayat of Samail, A’Dakhiliyah Governorate. The contract was signed by the Ministry’s Undersecretary for Heritage and the Chairman of the Board of Directors of Rawafid Samail

Oman Air Unveils New Boeing 737 Aircraft with Oneworld Alliance Livery

Muscat: Oman Air, the national carrier of the Sultanate of Oman, has ushered in a new chapter in its global journey with the arrival of its latest Boeing 737 aircraft. The aircraft features the distinctive livery of the oneworld alliance, a move that embodies its growing stature on the international

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…