Business

RO 150m Sugar Refinery at Sohar Port Opens

Sohar: The Oman Sugar Refinery (OSR) factory was inaugurated today at Sohar Port and Freezone. This is a significant industrial project for the food security sector in the Sultanate of Oman, with an investment cost exceeding RO 150 million. The inaugu…

Business

Oil Prices Increase Amid US-Venezuela Tensions

New york: Oil prices rose today, recouping part of last week’s 4 percent slide, as concerns over potential disruptions from escalating US-Venezuela tensions. Brent crude futures rose 25 cents, or 0.4 percent, to $61.37 a barrel, and US West Texas Inte…