The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, said a report. The total value of real estate traded in the sultanate soared to hit RO1.18 billion ($3.05 billion) by the end of May.
SalamAir has added its 18th aircraft, an Airbus A320neo named "Salalah," to its fleet, marking a key milestone in the Omani low-cost carrier's expansion strategy.
The Sustainable City – Yiti, an integrated urban mixed-use project being set up in Muscat, has achieved a major construction milestone by clocking over 25 million safe working hours without a Lost Time Injury (LTI), as construction continues to progress across Oman’s flagship sustainable development.
Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects.
Oman's interior design and fit-out industry will take centre stage once again as the 13th edition of IDFOman returns to Muscat in January 2027, bringing together leading global brands and regional industry players to showcase the latest trends, products and innovations.
Oman's United Solar has announced the financial close of its previously announced $50 million equity investment from IFC, the private sector arm of the World Bank Group.
The United States launched a fresh wave of military strikes against Iran on Sunday after Tehran targeted a merchant vessel transiting the Strait of Hormuz, sharply escalating a conflict that has spread across the Gulf and further dimmed hopes for a return to diplomacy.
Siemens Energy will supply six gas turbines, six generators and 20-year maintenance services for Oman’s Misfah and Duqm IPP projects, adding nearly 2.6 GW of capacity, increasing national electricity generation by almost 20% and serving more than 2 million people.
The prospects for renewed US-Iran diplomacy remained uncertain on Tuesday, with Tehran denying any plans for high-level negotiations even as US President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner met Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Doha to discuss the ongoing negotiations and regional security.
Oman’s Ministry of Transport, Communications and Information Technology has signed a memorandum of cooperation (MoC) with Oman Aviation Academy to strengthen collaboration in aviation incident and accident investigations.
