Business

Rwanda, Oman Enhance Ties with Two Agreements and Six MoUs Signed

Oman and Rwanda have taken significant steps to bolster their economic and diplomatic relations by signing two key agreements and six memoranda of understanding (MoUs). These accords were formalized during the official visit of Rwandan President Paul Kagame to Oman, specifically in the city of Salalah. Central to these agreements is the mutual visa exemption for holders of diplomatic, service, and special passports, alongside...

Oman Achieves 51% Growth, Trade Surplus Hits OMR4.7 Billion by 2026

In the first half of 2026, Oman achieved a significant trade surplus of approximately OMR4.7 billion, marking a 51% increase from the OMR3.1 billion surplus recorded during the same period in the previous year. This substantial growth is attributed to a notable rise in merchandise exports, which surged by 15.3% to reach around OMR13.2 billion by the end of June, primarily fueled by robust...

Oman, Qatar Engage in Talks to Boost Economic and Investment Ties

In a strategic move to bolster their economic ties, Oman and Qatar are seeking to enhance cooperation across a variety of sectors. Key officials...

Apple Exec Chair Tim Cook Earns $47 Million Compensation Package

Tim Cook, stepping down from his role as Apple's chief executive, has transitioned to the position of executive chair, receiving a compensation package valued...

China Defies US Sanction Warnings on Iranian Trade Ties

China has dismissed threats from the United States regarding secondary sanctions on nations and businesses that maintain trade relations with Iran. Beijing underscored its...

Oman Increases Public Revenues by 13%, Reaches OMR 6.6 Billion in Q2 2026.

Oman experienced a significant boost in its public revenues, marking a 13% increase year-on-year, reaching about OMR 6.602 billion by the end of the...

Airlines Must Check Boeing 737 Max Fuselages for Cracks Immediately

The U.S. Federal Aviation Administration (FAA) has issued a directive for airlines to inspect certain Boeing 737 Max aircraft for potential structural cracks. The...

Middle East Tensions Drive Global Oil Prices Above $100

On Thursday, global oil prices soared past the $100 mark per barrel amid escalating tensions in the Middle East, sparking concerns about potential disruptions...

Jordan and US Finalize Agreement to Boost Economic Partnership

The United States and Jordan have entered into a new trade agreement designed to enhance economic ties, reduce trade impediments, and create fresh business...

India and Oman Enhance Partnership, Addressing Maritime Security Concerns

Oman and India have pledged to deepen their strategic alliance, with a particular focus on enhancing cooperation in trade, investment, energy, logistics, and emerging...

Saudi Arabia, Oman Enhance Ties, Address Trade and Regional Security Concerns

Oman and Saudi Arabia have strengthened their bilateral ties through high-level discussions between Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi and Saudi...

Erdoğan, Sharif Engage in High-Level Discussions to Enhance Türkiye-Pakistan Ties

In a significant diplomatic engagement, Turkish President Recep Tayyip Erdoğan and Pakistani Prime Minister Shehbaz Sharif convened for high-level discussions in Istanbul, concentrating on...

Oman and Tanzania Boost Trade to $350 Million Amid Growing Investments

Trade between Oman and Tanzania has seen a remarkable increase over the past three years, climbing from $140 million to $350 million, as both...

US Allows Restricted Use of Anthropic’s AI Model Post Security Check

The U.S. government has granted a select group of American cybersecurity firms limited access to Anthropic's advanced artificial intelligence system, Mythos 5. This decision...