Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani is due to visit Tehran on Thursday in a fresh diplomatic push to ease tensions between the US and Iran and help restore freedom of navigation through the Strait of Hormuz.
Iran and Oman have agreed to pursue a temporary shipping corridor through the Strait of Hormuz and launch efforts to clear mines from the strategic waterway, in the latest diplomatic push to restore the flow of vessels through the Strait.
Oman's Samail Industrial City, affiliated with the Public Establishment for Industrial Estates (Madayn), received 24 investment applications during the first half of the current year, resulting in the localisation of 12 projects alongside the expansion of two existing facilities, with a combined investment volume exceeding RO13 million ($33.81 million).
The value of the manufacturing sector's contribution to Oman's gross domestic product at constant prices reached approximately RO3.7 billion ($9.62 billion) by the end of 2025, according to statistics issued by the National Centre for Statistics and Information.
Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi on Tuesday held constructive consultations with his Iranian counterpart Dr Seyed Abbas Araghchi in Tehran, Oman News Agency reported.
SalamAir has opened ticket sales for a new direct service between Muscat and Erbil, with flights set to begin on October 25, 2026. The twice-weekly route will make Erbil the Omani low-cost carrier’s second destination in Iraq, following Baghdad.
Doosan Enerbility has signed a contract to build a combined-cycle gas turbine (CCGT) power plant in Misfah, Oman, with a consortium led by Qatar's Nebras Power, said a report.
SOHAR Port and Freezone, Oman's integrated port and freezone, has delivered sustained operational performance during the first half of 2026, recording total cargo throughput of 52 million metric tons, a 52% increase compared with the same period last year.
President Donald Trump has threatened military action against Oman if the US ally obstructs Washington’s efforts to negotiate with Iran over the reopening of the Strait of Hormuz, adding a new and potentially destabilising dimension to efforts to restore shipping through the strategic waterway.
