Ministry of Heritage and Tourism signs integrated

The agreement was signed on behalf of the Ministry of Heritage and Tourism by His Excellency Azzan bin Qassim Al Busaidi, Undersecretary for Tourism in the Ministry of Heritage and Tourism, and on behalf of OMRAN Group by Eng. Ayad bin Ali Al Balushi, Chief Executive Officer of OMRAN Group.

Euro falls to 17-month low; dollar strengthens on

The euro fell to near its lowest level in 17 months, affected by political uncertainty and financial concerns across the Eurozone, while the dollar continued its massive gains, supported by rising US Treasury yields.

Oman, Kazakhstan sign joint investment fund

The agreements cover oil and gas investment opportunities, renewable energy, mineral exploration and a proposed Rixos hotel project in Oman’s Grand Blue City.

Oman’s oil exports rise 1.9% to 209 million

The Sultanate of Oman’s total oil exports reached 209 million barrels by the end of August 2026, registering a growth of 1.9 percent compared to 205 million barrels during the same period in 2025.

Oman’s trade surplus widens to RO 5.5 billion

Oman’s trade surplus widened to RO 5.5 billion in the first seven months of 2026, as merchandise exports rose 17.8%, driven by higher oil and gas exports, official data showed.

Oman Food Investment portfolio revenue rises 40%

Oman Food Investment Company’s portfolio recorded a 40% rise in revenue in 2025, while earnings before interest, taxes, depreciation and amortisation increased 28%, Chief Executive Abdullah bin Mohammed Al Rashdi said.

Muscat Municipality unveils 12 investment

Muscat Municipality has unveiled 12 investment opportunities, including four waterfront projects in Qurum, Muttrah, Seeb and Qurayyat, seeking private investment in tourism, leisure and commercial developments.

Oman crude oil price rises to $110.24 per barrel

The official price of Oman crude oil for November delivery reached USD 110.24 per barrel on Monday, October 5.

Urban October 2026 begins in Muscat with over RO

Urban October 2026 has opened in Muscat with the signing of 20 partnership, development and tender assignment agreements for residential, service and tourism projects valued at more than RO 1 billion.

European EV sales surge 45% to 1.64 million in

Electric vehicle sales in Europe are on track to reach record levels in 2026, with battery-powered models accounting for a growing share of the market amid an expanding range of models and tighter emissions requirements.

Oman’s FSA warns audit firm over professional

Financial Services Authority has warned Account for Accounting and Auditing Services over inadequate audit evidence and shortcomings in documenting audit procedures, citing breaches of professional requirements and International Standards on Auditing.

Oman Electricity Transmission Company appoints

Eng. Zahir Al Busaidi brings more than 27 years of extensive leadership and professional experience across various areas of the energy sector, including electricity generation and transmission, oil and gas, engineering consultancy, strategic leadership, and governance.