Oman has achieved a remarkable improvement in its economic fundamentals. The fiscal and external positions have strengthened significantly, while nonhydrocarbon growth is picking up amid low inflation ...

The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation [1] with Oman on January 14 ...

The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation with Oman on January 14 and considered and endorsed the staff appraisal without a meeting on a ...

Asyad Group, a logistics business owned by Oman’s sovereign wealth fund, has announced plans to float its shipping unit on ...

Oman's state-owned logistics firm Asyad Group plans to offer investors shares in its shipping unit through an initial public ...

Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by ...

The steel industry is critical to global development, driving infrastructure, manufacturing, and economic growth. Among the ...

Sungrow Hydrogen has signed a supply agreement with ACME Group and will provide water electrolysis hydrogen (H2) production ...

Total investments at Sohar Port and Freezone (SOHAR) reached an impressive $30bn, with 2024 alone contributing over $4bn in ...

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

Oman Oil Marketing Company and TFG Marine, the international marine fuel joint venture founded by Trafigura, Frontline and ...

The United Kingdom pumped more than $5 billion in foreign direct investment (FDI) into Oman in the 12 months from October ...