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The Sultanate of Oman and Libya have expressed their desires to further bridge the relations between them during the visit of a Libyan delegation. Omani authorities will be discussing with the delegation from Libyan Export Promotion Centre about means of Read more
In a bid to calm down the United States’ Gulf allies, infuriated by Washington’s recent rapprochement with Iran and its new diplomatic approach towards the Iranian nuclear program, President Barack Obama has okayed the supply of weapons and defense services Read more
The United Kingdom has failed to sell 60 Eurofighter Typhoon jets to the United Arab Emirates. The deal worth $ 9.82 billion reached a deadlock after months of negotiations between the two sides. Defense experts say it’s a hard blow Read more
Saudi minister of state for foreign affairs Dr. Nizar Madani has called for a greater collaboration between the members of the Gulf Corporation Council at the Manama Dialogue. He emphasized on the need for a closer Gulf “union” with states Read more
Oman will be spending more than $50 billion in its five year development project which stretches from 2011 to 2015. The plan is aimed at modernizing and upgrading the country’s infrastructures and bridging it closer to regional countries. Almost $78 Read more
Iranian Foreign Minister Mohammad Javad Zarif has called on countries in the Middle East to set aside their sectarian politics which is “a shame to the Islamic world” and work together to overcome the region’s instability. He made these remarks Read more
A privatization spree will be kicking off in Oman by next year after the warnings in June from the International Monetary Fund (IMF) to reduce state spending. The finances of the Sultanate face risks of unsustainability. The government has more Read more
HSBC Holdings, Europe’s biggest bank, is winding up some of its activities in certain countries found in the Middle East and North Africa. The bank is also limiting its activities in certain areas because it wants to boost its profitability. Read more
Members of the Gulf Corporation Council (GCC) will be facing gas shortages within 2 years if they don’t act swiftly to avoid it. The warning was issued by Booz and Company, a global consultancy firm. It highlighted that the massive Read more
State owned Oman Development Bank (ODB) could be opening an Islamic window rather than becoming an Islamic bank, according to the Assistant General Manager for branches of the bank, Hamed bin Salim Al Harthy. Oman has been the slowest country Read more