Tuesday, November 3, 2026

Business

Concession Agreement Signed for Block 80 in Musandam

Muscat: The Ministry of Energy and Minerals signed a concession agreement today for Block 80 with OQ Exploration and Production (OQEP) – Musandam Offshore and Turkish Petroleum Overseas Company Limited (TPOC). This agreement is part of the Ministry’s …

SalamAir Launches First Direct Flight from Oman to Austria

Vienna: The first direct flight of SalamAir, the low-cost carrier of the Sultanate of Oman, arrived today at Vienna International Airport in the Republic of Austria. This arrival marks the inauguration of the first direct air route connecting the two …

Meeting Reviews Means to Enhance Partnership with Private Sector

Muscat: The Ministry of Commerce, Industry and Investment Promotion held a meeting today at the Ministry’s headquarters with a number of exporting Omani companies. The meeting sought to enhance partnership with exporters in a manner that contributes t…

Oil Prices Slide to Four-Month Lows as Supply Concerns Diminish

Muscat: Oil prices continued their downward trend today, reaching levels not seen in four months, as diminishing supply concerns affected the market.

According to Oman News Agency, Brent crude futures decreased by 37 cents, or 0.5 percent, settling …

MSX 30 Index Rises 45 Points Amid Trading Surge

Muscat: Muscat Stock Exchange “MSX 30” index today closed at 7,348.49 points, up 45.2 points, or 0.62 percent, from the previous session’s close of 7,303.30 points. Trading value stood at RO 44,525,934, a surge of 104.9 percent from RO 21,727,824 reco…

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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…

Oman Engages in 31st GCC Legislation Officials Meeting in Bahrain

Baghdad:The Sultanate of Oman, represented by the Ministry of Justice and Legal Affairs, took part in the 31st meeting of the GCC Permanent Committee of Officials of Legislation Departments held in the Kingdom of Bahrain. The Omani delegation was led …