Business

Agreement Signed for Development of Dhofar II Wind Farm Project

Muscat: Nama Power and Water Procurement company today signed an agreement with a consortium of companies, including Sembcorp and OQ Alternative Energy, to develop the Dhofar Wind Power Farm project (Phase II) in the Sultanate of Oman. The scope of

CAA Marks Milestones for Muscat and Salalah Airports

Muscat: The Civil Aviation Authority (CAA) today celebrated the 7th anniversary of Muscat International Airport and the 10th anniversary of Salalah Airport. These airports are essential components of Oman’s national air transport system, featuring adv…

CBO Rolls Out New Government Development Bonds via Auction

Muscat: On behalf of the Government of Sultanate of Oman, represented by the Ministry of Finance, the Central Bank of Oman (CBO) announced the new issues of Government Development Bonds.

According to Oman News Agency, the new bond issues include

Registered Vehicles in Oman Increase by 5.6%

Muscat: The total number of registered vehicles in the Sultanate of Oman increased by 5.6 percent at the end of September 2025, reaching 1,825,032 vehicles compared to September of the previous year, according to data issued by the National Centre

Gold Surges to Near Three-week High on Fed Rate Cut Bets

Muscat: Gold extended gains to a near three-week high today, as growing expectations of another US Federal Reserve interest rate cut in December lifted demand for the safe-haven asset. Spot gold was up 0.4% at $4,131.83 per ounce, its highest

Oil Declines Over Oversupply Concerns

Muscat: Oil prices fell in early Asian trading today, cutting into gains made in the previous session, as concerns about an oversupply outweighed optimism over a possible resolution to the US government shutdown. Brent crude futures fell by 13 cents,

Oman Oil Price Drops 37 Cents

Muscat: Oman oil price for January delivery 2026 today reached 64.99 US Dollars, marking a decrease of 37 cents compared to the price of yesterday, which was 65.36 US Dollars.

According to Oman News Agency, the average price of Oman