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Month: March 2026

General

Contracts Awarded for Muscat Expressway Expansion, Ibra Road Dualization

March 4, 2026ann.adminComments Off on Contracts Awarded for Muscat Expressway Expansion, Ibra Road Dualization

Muscat: The Ministry of Transport, Communications and Information Technology, in coordination with the Projects, Tenders, and Local Content Authority, has awarded the contracts for the Muscat Expressway expansion project, extending from the Qurum Natu…

General

Republic of Korea’s KOSPI Tumbles Over 12% Amid Geopolitical Tensions

March 4, 2026ann.adminComments Off on Republic of Korea’s KOSPI Tumbles Over 12% Amid Geopolitical Tensions

Seoul: The Republic of Korea’s stocks plunged more than 12% today, while the Korean won weakened sharply against the US dollar, as escalating tensions in the Middle East heightened concerns over the global economic outlook. The benchmark KOSPI index e…

Business

Oil Extends Rally on Heightened Middle East Tensions

March 4, 2026ann.adminComments Off on Oil Extends Rally on Heightened Middle East Tensions

Muscat: Oil prices extended gains today amid escalating tensions in the Middle East: Brent crude futures rose $2.67, or 3.3%, to $84.07 a barrel, after reaching their highest level since January 2025 in the previous session.

According to Oman News A…

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