News

In June, OQEP and its Block 47 partner, ENI Oman BV, secured an agreement with the Ministry of Energy and Minerals to extend ...
Designed with flexibility, transparency, and scalability at its core, Oman’s third auction round is progressing with strong ...
Oman has introduced flexible foreign resident cards with 1–3 year validity options and extended Omani ID cards to 10 years, aiming to streamline renewals and benefit its large expatriate community.
Oman has reportedly begun offering flexible foreign resident cards with validity options of one, two or three years. For ...
Arabian Gulf Business Insight on MSN4h

Lower oil prices reduce profit at Oman’s OQEP

Oman’s second-biggest producer of crude, fell in the first half of 2025 due to a drop in oil prices. Net profit declined 11 percent to OR167 million ($434 million) in the six-month period from OR187 ...
The Sultanate of Oman, represented by Hydrom, the orchestrator of its national Green Hydrogen Strategy, has announce ...
Muscat: The Sultanate of Oman’s Foreign Ministry strongly condemned statements by the Israeli Prime Minister regarding what ...
The Financial Services Authority (FSA) of Oman has refuted rumours of increased vehicle insurance premiums, clarifying that ...
Oman’s Hydrom has unveiled new fiscal incentives aimed at enhancing the commercial viability of projects in its third green ...
The sultanate’s Ministry of Energy and Minerals has awarded exploration rights for mining concessions 11C, 51-G1 and 51-G2 to ...
The World Bank's International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over ...
Shrouded in fog in the lush mountains of southern Oman, a giant chasm plunges into the landscape, echoing with mysterious ...