Tasmim, a leading real estate developer in Oman, has appointed Unique Contracting as the main contractor for the Habitat project, a distinct mixed-use development
Construction works have already commenced on the site, and demolition works will begin (...)
Gulf markets in early trading on Thursday extended their losses amid falling oil prices and worries of global recession risks triggered by disappointing economic data out of China and Europe.
Brent crude LCOc1 was down 37 cents, or 0.6 percent, at (...)
Saudi Arabia has a number of under construction tourism projects worth $11.6 billion as the kingdom seeks to draw more international and GCC tourists, said a report on Tuesday.
In February 2019, the kingdom unveiled major tourism initiatives, (...)
Egypt's EFG Hermes aims to boost its assets under management in the country by 25 percent at the end of the year, its co-chief executive of the investment banking division said on Wednesday.
EFG Hermes, which has a presence in the United Arab (...)
Iran has seized another foreign tanker in the Gulf, Iranian state media say, the Revolutionary Guard Corps' naval forces had “seized a foreign tanker in the Persian Gulf that was smuggling fuel for some Arab countries”.
It said the tanker was (...)
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asian markets for a second straight month in September after Middle East benchmark prices weakened.
The official selling price (OSP) for flagship Arab Light crude (...)
Iranian President Hassan Rouhani said on Sunday that the main source of tension in the Persian Gulf region is the presence of foreign troops, stressing that presence of these forces will increase tensions.
During a meeting with the Omani foreign (...)
Oil prices inched up on Friday and posted weekly gains, boosted by upbeat U.S. economic data and concerns over the safety of oil transport around the Strait of Hormuz.
Brent crude futures were up 5 cents to $63.44 a barrel, rising more than 1% for (...)
Oman's minister responsible for foreign affairs held talks with Iran's foreign minister on Saturday, Iranian state media reported, as tensions mount in the Gulf between Tehran and Washington.
Oman maintains friendly ties with both the United States (...)
Oman urged Iran on Sunday to let the British-flagged tanker Stena Impero, which it seized on Friday, depart.
Oman also called on all parties to exercise restraint and resolve differences diplomatically, state broadcaster Oman TV News said on (...)
Iran said on Sunday it appreciated Saudi Arabia's efforts in the the return of an Iranian ship that had docked at Jeddah port because of technical problems in May, the semi-official Fars news agency quoted a Foreign Ministry spokesman as (...)
Iran called for the United Kingdom government on Sunday to stop its domestic political forces who want to escalate existing tensions between Tehran and London. Iranian ambassador to London Hamid Baeidinejad stressed that his country is ready for (...)
North Korea and South Korea have been drawn together in an Asian qualifying group for soccer's 2022 World Cup.
The Korean neighbors will play each other home and away in the five-nation Group H that includes Lebanon, Turkmenistan and Sri (...)
Deutsche Hospitality, represented in Egypt by the Steigenberger brand, is to open two new hotels; one in Taba in South Sinai and the other in Luxor, by the end of the year, according to Thomas Willms, CEO of Deutsche Hospitality.
The planned Taba (...)
Oman's Foreign Minister made a rare visit to Syria on Sunday to discuss ways of restoring stability and security in the region with President Bashar al-Assad.
Oman is one of the few Arab countries that kept normal relations with Damascus after Syria (...)
Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although the potential for conflicts in the Middle East offered support to prices.
Brent (...)
Saudi Arabian budget airline flyadeal will not proceed with a provisional $5.9 billion order for Boeing 737 MAX aircraft, instead opting for a fleet of Airbus A320 jets.
Flyadeal has been reconsidering a commitment to order the Boeing jets after two (...)
Osama Fouad, IRO at Eastern Company (EC), said that a new NAHO-8 machine was operating during June 2019, with 8,200 cigarette stick/minute, in response to the EC's plan in maintaining the production capacity of the cigarettes manufacturing machines (...)
Oman Housing Ministry allotted a total of 10,925 residential land plots across the sultanate of Oman till the end of May 2019.
This was 37.4 percent less compared to 17,447 in the same period of 2018, according to the statistics released by the (...)
The total value of property transactions in Oman in the first five months fell 14 percent to RO1.09 billion ($2.82 billion) from RO1.26 billion ($3.26 billion) for the same period last year, according to a report.
The number of properties issued (...)
The Public Authority for Water (Diam) plans to establish a string of new water projects that will cater to 17 wilayats in eight governorates.
According to a statement from Diam, a total of 10,797 new facilities in various residential, commercial, (...)
Yossi Cohen the current Director of the Mossad, the national intelligence agency of Israel, said recently that his country has inaugurated a representative office in the Sultanate of Oman and restored diplomatic relations with the Arab country, (...)
Majid Al Futtaim Retail, operator of the Carrefour brand in Egypt, aims to open four new Carrefour branches, in coordination with the ministry of supply and internal trading, represented by the Internal Trade Development Authority (ITDA), within the (...)
Bernhard Schulte Shipmanagement (BSM) said on Friday that its chemical tanker Kokuka Courageous, which was attacked in the Gulf of Oman on Thursday, is being towed toward Khor Fakkan, in the UAE, with its crew back onboard.
In a statement, the BSM (...)
Pope Francis called for restraint and a lowering of tensions in the Middle East on Sunday following attacks on two oil tankers in the Gulf of Oman that have raised fears of a broader confrontation in the region.
Francis, during a visit to a city in (...)
