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Revenues of Oman’s 2026 Budget Exceed RO 11.4 Billion

January 1, 2026

Muscat: The total estimated revenues for the Sultanate of Oman’s General State Budget for 2026, calculated based on an average oil price of 60 US Dollars per barrel, amounted to

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Oman Unveils Ambitious 11th Five-Year Development Plan Targeting Economic Growth and Low-Carbon Transition

January 1, 2026

Muscat: The Sultanate of Oman today launched its Eleventh Five-Year Development Plan (2026-2030), the second executive roadmap for ‘Oman Vision 2040,’ targeting an economic growth rate of approximately 4 percent

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Republic of Korea’s Exports Hit Record High in 2025

January 1, 2026

Seoul: Official government data released in the Republic of Korea today revealed that the country’s exports reached their highest level ever during the past year, amounting to $709.7 billion. According

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China’s Service Trade Surpasses $1 Trillion Mark

January 1, 2026

Beijing: The People’s Republic of China’s service trade industry during the first eleven months of 2025 achieved a total value of imports and exports reaching approximately 7.2 trillion yuan, equivalent

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UN General Assembly Approves 2026 Regular Budget Valued at $3.45 Billion

January 1, 2026

New york: The United Nations General Assembly officially approved the organization’s regular budget for the 2026 fiscal year, totaling $3.45 billion. This approval is a central component of the ‘UN80’

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Oman Strengthens Partnership with China’s Tsingshan to Localize Green Steel Industries

December 31, 2025

Muscat: Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, conducted an extensive field visit to the complexes of the “Tsingshan

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Tender Board Approves Projects Exceeding RO 363 Million in Oman

December 31, 2025

Muscat: The Tender Board today approved a major portfolio of government contracts and project proposals valued at more than RO 363 million during its fourth meeting of the year (2025).

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Dollar on Course for Worst Year Since 2017 as Euro, Pound Post Robust Gains

December 31, 2025

New york: The US dollar steadied today but remained on track to post its steepest annual decline since 2017. The currency’s weakness throughout 2025 has been fueled by successive interest

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