INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Oman eases Eid lockdown, some curbs to remain to halt Covid

    • The Sultanate hopes the lockdown to have the same effect as the earlier one in bringing down the infection rate

    • The nighttime closure of commercial activities as well as restrictions on the movement of people and vehicles will remain in place

    Oman has eased its total lockdown of the country during the Eid holidays imposed in order to curb the spread of the Covid infection.

    The night-time closure of commercial activities as well as movement restrictions on people and vehicles will remain though in place. The Sultanate hopes the lockdown to have the same effect as the earlier one in lowering the rate of infection in the country. The much more transmissible form of coronavirus, the delta variant, has spread through the Middle East, and in many countries, strict measures have been taken to control the infection.

    Authorities earlier extended the evening ban on businesses and travel, from 5 p.m. until 4 a.m., until the end of the month as a precaution against the spread of coronavirus in the sultanate.

    Dr. Ahmed Mohammed Al-Sa’eedi, the health of Oman, earlier explained that previous lockdowns in the Sultanate have contributed to a considerable decline in COVID-19 cases.