Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is not too surprising given the continuing travails of many developed Western economies. With the sluggish recovery from the financial crisis in the EU and the US, Gulf economies have had...

It will build the $7bn project with Oman and a US firm.

Rallying behind Saudi Arabia, several Arab states have voiced their support for Saudi Arabia in the face of harsh criticism from the US over the kingdom’s decision to cut oil output. From the UAE to Oman, Algeria to Bahrain, the governments have condemned what they termed as the politicizing of...

The profit for the same period in 2021 was 538,832 OR.

The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi Arabia, Dr Parambath said.

About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32 percent, predicts a McKinsey report.

A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.

Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships to build distinctive GCC focused beauty offerings.

The two leaders focused on maintaining coordination and consultation on various issues of mutual concern, especially food security and energy.

The 303km railway, with passenger trains traveling up to 200kmper hour, will join up with the UAE's national network that is now under construction. The joint venture between Oman Rail and the UAE's Etihad Rail was agreed upon during a visit by UAE President Sheikh Mohamed bin Zayed to Oman.

Abu Dhabi, UAE--ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (OIA), across various sectors aimed at contributing to increased economic cooperation and trade between both nations. The meeting was held on the sidelines of President Sheikh Mohamed Zayed Al Nahyan's...

Sheikh Mohamed discussed opportunities for building upon the growing economic ties between the UAE and Oman.

The volume of trade exchange between the two countries during the first half of this year amounted to AED24.2 billion.

Muscat, Oman - The value of trading on the Muscat Stock Exchange increased last week to 9.6 million Omani riyals ($25m), compared to 9.1 million riyals ($23.65m) in the previous week, recording a growth of 5.5 percent. This rise came at a time when investors tended to diversify their portfolios,...

Oman Minister of Commerce along with a delegation met Saudi Arabia Minister of Industry where the two discussed industrial cooperation between the two countries.

Footage aired by Omani TV showed smoke billowing from the plane, which had been taxiing for departure for Kochi in India's south, as passengers streamed across the tarmac. Some of the 141 passengers received "minor bruises", the airline said

Muscat, Oman---The government of Oman issued Treasury Bills worth Omani Riyal 40 million (US$103 million) for a period of 91 days. The average accepted price reached RO 99.419 for every RO 100, and the minimum accepted price arrived at RO 99.270 per RO 100. Treasury Bills are short-term highly secured...

Producer prices in Oman increased by 40.7 percent during the second quarter of 2022 The producer price index in the Sultanate of Oman rose by 40.7 percent during the second quarter of this year, compared to Q2 2021. The rise in the index was due to the 48.7 percent rise...

The company, in a statement, said it exported two meat shipments to Egypt in March and July.

The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.

GCC countries have witnessed financial surpluses in their budgets for the first time in a long time on the back of increase in oil prices, strengthening their credit ratings.

Foreign Direct Investment into Oman increased by 19 percent in the first quarter of 2022, according to a report by the Washington Middle East Institute that praised the policies of Sultan Haitham bin Tarik in dealing with economic challenges facing the sultanate. There has been an increase in non-oil exports...

GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due to the Covid-19 pandemic, a BCG report points out.

The profit saw an increase of 3 percent over H1 2021.

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.

The bank said profits up despite lower net interest income and higher expenses.

Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment and their reliance on expat workers.

The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.

Economic growth in the MENA region is forecast to accelerate to 5.3% in 2022 before slowing to 3.6% in 2023, according to the World Bank. Find out the country-wise breakup.

Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.

Under the new visa scheme, all GCC residents with a valid resident and work visa issued by the UAE, Bahrain, Kuwait, Oman, and Qataris immigration authorities will be allowed entry into Saudi Arabia for business, tourism, and Umrah purposes, with the exception of Hajj – the annual Islamic pilgrimage.

The two countries signed deals to develop two gas pipelines and an oil field along their maritime border, Oman's energy minister Mohammed al-Rumhi said Saturday. The agreements were "related to the development of the two gas pipeline projects linking the two countries and the Hengam oil field," said the minister.

About 25% of ransomware data theft attacks in the GCC are reported from the UAE followed by Saudi Arabia (15.5%), Qatar (7%), Oman and Kuwait (2% each), and Bahrain (1%).

Many GCC airlines have teamed up to create an air bridge to fly the fans to watch World Cup games during November and December, Qatar Airways CEO Akbar Al Baker tells TRENDS.

The two Gulf countries score high consistently on all seven parameters used to measure the status of an economy.

A delegation of 50 Iranian businessmen travelled to Oman last week, with Iran's minister for roads and urban development announcing plans for a joint shipping line and tourist flights.

The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive Council for the period 2022-2024. The renewal came at ARADO's  57th session held on May 19, 2022, at the organization's headquarters in Cairo, where also the memberships of the UAE,...

Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and Oman to share their perspective on contemporary issues.

There has been a 94.8% increase in the number of Indian businesses registering with Oman MoCIIP’s Invest Easy portal, up from 450 in 2019 to 877 in 2021.

A meeting of the Oman-India Joint Business Council, under the umbrella of the Federation of Indian Chambers of Commerce and Industry and the Oman Chamber will be held Friday.

After the Fed Reserve raised interest rates to rein in the 40-year-high inflation, GCC members followed the suit as most of the region's currencies are pegged to the dollar.

The country’s National Center for Statistics and Information has announced that the country’s production of natural gas at the end of last March rose 0.8 percent.

In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while there was no trading in Saudi Arabia because of Eid al-Fitr.

Omani companies, which are listed on the Muscat Stock Exchange (MSX), reported total net profits of $1.39bn for the year 2021, 3.7 percent less than the $1.44bn in 2020. The decline was due to a fall in net profits of four out of the top five sectors at the MSX,...

The Department of Agriculture and Water Resources in the Wilayat of Adam in the Governorate of A'Dakhiliyah has started harvesting wheat crop in various villages, Omani media reports said. The cultivation of wheat crop begins in Adam in November until March each year. Wheat is harvested in a number of...

Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars.

Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers. The ratification means more than 96 per cent of the world’s gross shipping tonnage is now covered by the Maritime Labor Convention (MLC). It also applies to most countries that supply...

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.

The first phase of the project is expected to be set up on a total area of 37,000 square meters.

The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King Salman bin Abdulaziz Al Saud.