Saudi Arabia’s Retal Urban Development Company has entered into an agreement with leading Omani authorities for the development of three neighbourhood community projects within Sultan Haitham City, Oman’s largest urban development project, at a total investment of $800 million.
Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City.
OQ Exploration and Production (OQEP) reported 2025 revenue of $1.2 billion and EBITDA of $941 million (81% margin). Operating cash flow strengthened, and the company targets 300 kboepd production by 2030 while maintaining disciplined leverage and shareholder returns.
Nama Power and Water Procurement Company is set to ink new power purchase agreements (PPAs) with Oman's top listed power generation companies – Al Suwadi, Al Batinah and Phoenix Power - for three gas-fired Independent Power Projects (IPPs) with a combined 3,500 MW capacity in the sultanate.
Eid Al Fitr offers residents in Oman a chance to explore diverse tourist attractions, supported by a Ministry of Heritage and Tourism campaign enabling governorates to host cultural and entertainment events during the holiday.
Oman’s Producer Price Index fell 3.3 per cent in Q4 2025 compared with Q4 2024, according to NCSI. The decline was driven by a 5.8 per cent drop in mining and quarrying prices, mainly due to a 6 per cent fall in crude oil and natural gas prices.
The $3 billion low-carbon steel project being developed by Jindal Steel in Duqm Special Economic Zone has moved into the equipment installation stage following the arrival of a key reactor at the Port of Duqm, marking a major construction milestone for one of the region’s largest green steel investments.
Oman's ancient quarters are experiencing a renaissance, with intensifying restoration and development efforts transforming these heritage sites into vibrant tourism destinations that seamlessly blend authenticity with contemporary renewal.
Oman’s Ministry of Heritage and Tourism has signed an agreement with Sumharam Tourism Investment Company to develop and operate Sumharam Archaeological Park at Khor Rori, aiming to promote sustainable cultural heritage tourism in Dhofar.
Iran continued its attacks on civilian and economic infrastructure across the Gulf on Wednesday, showing no respite in the ongoing Middle East conflict as regional air defence systems intercepted waves of drones, ballistic missiles and other aerial threats targeting key cities, airports and energy facilities.
