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 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 ...

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 ...

The new $2.6 billion Smart City in Oman challenges Dubai’s urban model with low-rise buildings and sustainable design.

Oman Oil Marketing Co. (OOMCO) and TFG Marine, a leading international marine fuel joint venture (JV) founded by Trafigura, Frontline and Golden Ocean, have established a bunker fuel JV to supply ...

John Fredriksen and Trafigura-backed bunker supplier TFG Marine is forming a new joint venture to capture ship fuel volumes in Oman. The company said it has signed a deal to set up TFG-OOMCO with Oman ...

Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top importers China ...