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Oman’s sovereign debt has been downgraded by the Standard and Poor’s (S&P) rating agency from A- to a BBB+ citing a negative outlook because “the government’s fiscal and external positions could deteriorate beyond our current expectations over the next two Read more
The Houthi Movement has announced that a delegation will be leaving Sana’a for Oman for talks with Special envoy Ismail Ould Cheikh Ahmed on ways to end the ongoing war. Spokesman Mohammed Abdul Salam stated in a post on Facebook Read more
Sultan Qaboos Bin Saeed, 75, addressed the 6th term of the annual session of the state council and the Majlis Al Shura that was also attended by senior government and military officials. The Omani leader has been rarely seen in Read more
Oman’s oil minister Mohammed Bin Hamad Al Rumhy scolded the Organization of Petroleum Exporting Countries (OPEC) at the opening of the Abu Dhabi International Petroleum Exhibition and Conference for the low oil and gas prices due to “irresponsible” production and Read more
Standard and Poor’s (S&P) rating agency decided to downgrade Saudi Arabia’s long term foreign and local currency sovereign credit ratings from AA- to A+ on Friday citing the effects of the low oil prices but authorities in Riyadh are not Read more
Bahrain has dismissed reports made by U.S television channel Fox News that member countries of the Gulf Cooperation Council (GCC) are planning to buy Israeli developed Iron Dome missile defense system through U.S intermediary as untrue. Bahraini Minister of Information, Read more
Bahrain’s foreign minister Khalid bin Mohammed al Khalifa revealed on Tuesday that members of the Gulf Cooperation Council (GCC) are planning to buy the Iron Dome anti-missile defense system as a measure against “a growing arsenal of Iranian missiles.” The Read more
Stephane Dujarric, U.N Secretary General’s spokesperson, stated there are positive developments in Yemen as the Houthi Movement and their allies renew their determination to accept Resolution 2216 that was voted in April and commitment to the Muscat principles. The decision Read more
Saudi Arabian oil company Aramco will be reducing the prices of its oil this month and in November while some other oil producing countries are calling for an increase of prices. The decision is expected to help the Kingdom maintain Read more
Chairman Yahya bin Said bin Abdullah Al Jabri of the Special Economic Zone Authority at Duqum (SEZAD) met with the head of Tehran’s Chamber of Commerce, Industries, Mines, and Agriculture Masoud Khansari in Iran on Monday to discuss and encourage Read more