Oman’s Ministry of Heritage and Tourism partnered with Omran Group to develop a RO 150 million ($390 million), 138,000-sqm integrated tourism complex in Al Bustan, Muscat, with completion planned within four years.
Fuel tanks at Oman's Duqm commercial port were targeted by several drones, with one striking a fuel tank, Oman News Agency (ONA) reported on Tuesday, citing a security source.
The Government of Oman announced the completion of its acquisition of SalamAir company. The step forms part of the government’s ongoing efforts to develop a comprehensive and sustainable national aviation sector.
Kuwait International Airport was targeted by multiple drone attacks that caused significant damage to its radar system but resulted in no casualties, according to state news agency KUNA. Also the country's Mubarak Al Kabeer Port infrastructure came under a missile attack early Friday.
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.
