Thursday, November 5, 2026

Business

IEA Predicts Global Oil Market Oversupply by 2026

Paris: The International Energy Agency (IEA) has projected that the global oil market will experience an oversupply of 4 million barrels per day (bpd) by 2026. This prediction comes amidst a recent increase in crude oil supplies from regions such as the Middle East and the Americas, highlighting the pressing

Oman Investment Forum 2025 Set to Launch in London

London: The Sultanate of Oman is set to organize the “Oman Investment Forum 2025” in London, beginning tomorrow as part of the activities of the Omani-British Strategic Consultation Team. This event is anticipated to play a critical role in strengthening the investment landscape between Oman and the United Kingdom. According

Salalah Airport Welcomes Inaugural Flight of Neos from Rome

Salalah: Salalah Airport has welcomed the inaugural scheduled flight of the Italian airline “Neos,” arriving from Rome via Milan. This marks the launch of a direct, regular air route between the two destinations, with one flight per week during the 2025-2026 winter tourism season. According to Oman News Agency, this

Oman Oil Price Rises 42 Cents

Muscat: Oman oil price for December delivery 2025 today reached 62.04 US Dollars, marking an increase of 42 cents from last Friday’s price of 61.62 US Dollars. According to Oman News Agency, the average price of Oman oil for October delivery 2025 has stabilized at 69.33 US Dollars per barrel.

OMREN Summit Kicks Off with High Note on AI Role in Education, Research

Muscat: A summit on research and educational technology, codenamed OTS 2025, is being organized today and tomorrow-20 and 21 October 2025-by Oman Research and Education Network (OMREN), at Oman Convention and Exhibition Centre. The summit focuses on artificial intelligence (AI) as a driving force for transforming education and research, as

EU Approves Total Ban on Russian Gas by 2027

Luxembourg: The European Union (EU) has moved to end all imports of Russian natural gas by the end of 2027, following a majority vote by member states during a meeting of European energy ministers in Luxembourg. The measure is aimed at depriving Moscow of a major source of revenue used

Tender Results of Government Treasury Bills Issued for RO 12.5 Million

Muscat: The total issuance of government treasury bills amounted to RO 12.5 million. The value of the allotted treasury bills amounted to RO 3 million, for a maturity period of 28 days. According to Oman News Agency, the average accepted price reached RO 99.755 for every RO 100, and the

MSX Gains 35.3 Points

Muscat: Muscat Stock Exchange “30” index closed today’s trading session at 5360.89 points, rising by 35.3 points or 0.66 percent compared to the previous session’s close of 5325.62 points. Trading value reached RO 73.97 million, increasing by 20.8 percent compared to the last session’s value of RO 61.25 million. According

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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…