Leading News Source For Middle East
Oman’s Oil Minister Mohammed Al-Rumhy has strongly criticized the Organization of Petroleum Exporting Countries (OPEC) for maintaining their level of production despite the continuous fall of global oil prices. Oman is the largest Middle Eastern oil producer that’s not a member of Read more
The GDP growth rate of the Gulf Cooperation Council (GCC) is expected to reach between 4 and 5 pc for the next three years, according to a forecast by the Economist Intelligence Unit in its latest report. Consumer spending is Read more
The Middle Eastern countries continue to feed the growth of the world military industry. Emboldened by the oil revenues, these countries, including Turkey, spent about $170 billion on defense in 2013, according to a report released by the Stockholm International Read more
Concerns have begun to rise about the successor of Sultan Qaboos after his long absence from the public since July. He is undergoing medical treatment and only spoke once on television. After that, he had been shown only once meeting Read more
The road project linking Saudi Arabia to Oman is in its final stages in Oman. It is expected to be available for use by early 2015. The Executive Commercial Manager at Sohar Port and Free zone said that the opening Read more
An eco-themed project worth around $649 million will be developed in Ras Al-Hadd, a town located in the South Al Sharqiyah Governorate, after a joint venture agreement was signed between the Omani government and Qatari Diar Ras Al-Hadd Development Company Read more
Oman and India have further reinforced their bilateral ties at the ongoing 7th edition of the India-Oman Joint Commission meeting taking place in India. The Minsters of Commerce and Industry of both countries namely, Nirmala Sitharaman of India and Ali Read more
Kuwait has announced that it will be hosting the World’s biggest and largest military exercise next year under the codename Eagle Resolve 2015. Lt Col Mohammad Al-Kandari, chief of Kuwait’s joint military operations and head of the committee tasked with Read more
The United Arab Emirates (UAE) has changed its Visa and Fees System in order to ensure multiple entries to those visiting the Emirates especially tourists. The new system was introduced at the beginning of the month and it is expected Read more
Several banks in Oman have signed an agreement with Oman Development Bank to support the Small and Medium sized Enterprises operating in the country even if they pose a major risk to the bank. The banks will however enjoy the Read more