Oil rally puts Oman’s$60 budget assumption
MUSCAT, AUGUST 24A renewed rise in global oil prices has pushed crude well above the assumption underpinning Oman’s 2026 state budget, but the impact on government revenue will not…
The 23-year-old American running an Africa-focused investment firm
“If you want to outperform, you have to be a contrarian,” says investor Finn Walker.
Pak army chief speaks to Trump ahead of Tehran visit
ISLAMABAD: Pakistan’s army chief Asim Munir spoke with U.S. President Donald Trump last week, according to three Pakistani sources, days before Munir was expected to hold talks…
Port of Duqm handles 34,000 Ro-Ro units in 2026
Port of Duqm has recorded growth in its Ro-Ro operations, handling 34,024 Ro-Ro units through more than 20 vessel calls up to August 2026, according to a press release.Of the total…
Iran’s rial drops to 2.02 million per dollar
DUBAI: Iran’s currency has dropped to a record low of more than 2,000,000 rials per U.S. dollar, two websites tracking the free market rate showed on Monday.The rial…
Dhofar Municipality announces wage support initiative
Muscat: Dhofar Municipality, in coordination with the Directorate General of Labour in Dhofar Governorate, announced a wage support initiative for temporary establishments, private…
Omani citizen fined, sentenced over indecent social media content
Muscat: The Seeb Primary Court has sentenced an Omani citizen (Shihab bin Ahmad bin Salim) to imprisonment and a fine after convicting him of offences related to indecent conduct,…
Iran warns vessels violating Hormuz transit rules of fines, detention
Iran has issued a warning that vessels violating its arrangements for transiting the Strait of Hormuz could face restrictions including fines, detention or confiscation, the…
Low-cost retailer Shein seeks up to $1.8 billion in Hong Kong IPO
Low-cost online retailer Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) in its planned Hong Kong stock market debut in a long-awaited listing that could value the…
Video appears to show 600 people abducted in Nigeria mosque attack, residents say
An armed group posted a video showing what residents said were about 600 women, children and older people abducted in an attack on a mosque in Nigeria’s north-central Niger Sta…