Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz.
Oman's real estate transaction value surged by 5.4% year-on-year to hit RO1.434 billion ($3.7 billion) for the first six months of 2026, mainly driven by higher sales activity, reported ONA, citing data from the National Centre for Statistics and Information (NCSI) showed.
Omani authorities said steady progress is being made on the Bilad Sur-Gas Roundabout project in South Al Sharqiyah Governorate, with more than 80% of the road dualisation work already completed. The first 11.4-km section of the project has already been opened to traffic.
Muscat International Airport has welcomed the inaugural direct Air Tanzania flight from Dar es Salaam, marking the first non-stop air link between Tanzania and Oman. The airline will operate the route three times a week using Airbus A220-300 aircraft.
Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman.
Oman has begun implementing RO105 million ($273 million) road projects in North A'Sharqiyah Governorate as it expands the country's transport infrastructure under its Vision 2040 strategy. These include building of new roads, expansion of existing network and the dualisation of key highways.
SalamAir, Oman’s low-cost carrier, has launched a new direct service between Muscat and Kigali, Rwanda, expanding its African network. Operating twice weekly, the first flight to Kigali will depart on July 21. The inaugural ceremony was held at Muscat International Airport.
Air India Express has fully restored connectivity across its West Asia network with the resumption of flights to Salalah and Kuwait.
SalamAir, Oman’s low-cost carrier, has announced a new direct service between Muscat and Sylhet (ZYL), Bangladesh, starting in September 2026. The route will operate three weekly flights, enhancing air connectivity between Oman and Bangladesh.
Sohar Port and Freezone has announced the groundbreaking of its Zinc Recycling Industrial Park located on a 100,000 sq m site within its key development. Once operational, it is expected to produce 100,000 T of refined zinc ingots and 50,000 T of zinc oxide annually for customers across the region.
