Traditionally, many Muslim-majority countries have followed dates set by Saudi religious authorities, but in recent years many have used their own astronomic calculations.

The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, which will cater to DFM’s large and diversified investor base of over 852,000 investors. As the first initiative under this agreement, the two exchanges are planning to create...

At least six workers were killed and others missing after rockslides engulfed a quarry in northern Oman on Sunday, emergency authorities said.

Several other activities recorded an increase, namely transport and warehousing by 19.4 percent, wholesale and retail trade by 15.5 percent, real estate, professional, technical and administrative by 9.5 percent.

Four of the six GCC members feature within the top 50 of the World Happiness Report, and are atop the rankings among the Arab countries.

The projects will be set up in the Mazaya warehouses.

Gulf Arab countries are seeking to host rare talks between Yemen's warring parties, including the Iran-backed Houthi rebels, in Riyadh at the end of the month, officials said on Tuesday. Yemen, the Arab world's poorest country, has been wracked by a devastating war since 2014, pitting the Houthis against the...

It will distribute cash dividends of QAR0.01 per share.

The wave of inflation continues to put pressure on consumers not just in the United States, Europe, and the Arab world, but also in the Gulf region. Economies in the Middle East are exposed to the global price fluctuations because of heavy import dependence. Localized factors like rental deflation and...

Shurooq is currently considering in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar, Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority. Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and...

Saudi Exports Development Authority (SAUDI EXPORTS) today organized a commercial mission for over 30 Saudi senior manufacturers and exporters in the constructions and foodstuff sectors to Oman. The mission, which targets 70 Omani companies, follows the two countries’ signing of memorandum of understating worth $30 billion for cooperation in various...

In 2021, total revenues of the Ministry of Labor stood at RO 232.9 million ($605million) generated from fees of licenses and employment contracts, fines

Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as a global tourism hub.

The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention.

Oman has signed three agreements RO 94 million ($244 million) with the Saudi Fund for Development (SFD) for supporting SMEs and infrastructure development. The first MoU dealt with supporting small and medium enterprises (SMEs) through a soft loan portfolio of RO 57.6 million catering to SME projects in governorates. The...

Oman and Finland are looking to boost cooperation between the private sectors of two countries, particularly in the fields of industry, technology and services.

The foreign ministers of Syria and Oman have held discussions on how to promote cooperation between the two countries on issues of common concern.

The meeting explored the available opportunities in the two countries, particularly in the fields of tourism, industry, research, mining and economic diversification sectors.

The non-oil trade through Abu Dhabi ports during 11 months in 2021 amounted to AED190.20 billion ($51.78 bn), an increase of 2.9 percent compared to the same period in 2020. A report released by the Statistics Centre-Abu Dhabi (SCAD) said imports accounted for AED83.63 billion of the non-oil trade and...

The 500 megawatt utility, which cost RO 155 million, figures among Oman Vision 2040 major projects aimed at protecting natural resources.

Oman and the United Kingdom have agreed to bolster relations and high-value investment volume, Omani media reports said. To this effect, an agreement of partnership was signed in London between the Oman Investment Authority and the British Office for Investment. The agreement of partnership aims to invest in specific fields,...

The Federation of Arab News Agencies (FANA) has stressed on the significance of the Palestinian cause and flayed the attempts of some agencies to block the information related to the issue. FANA approved a memo on dealing with global platforms on the conclusion of its 48th General Assembly on Wednesday,...

During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966.

Given the current trends, the country’s GDP is expected to grow by 13.8 percent by the end of the current fiscal year as compared to the year-ago period.

Oman's capital Muscat will be the Arab Digital Capital for 2022, the Council of Arab Ministers for Communications and Information has announced following a decision at the 25thsession of the Arab minister's council. The event was hosted via videoconferencing by the Arab League’s technical secretariat general of Arab Ministers of...

The committee’s members reviewed the updates on the preparation for the Arab Forum on the requirements for enhancing economic integration among Arab countries

The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that were affected the hardest during the Covid-19 crisis, Chief Economist at Oxford Economics Middle East, Scott Livermore, tells TRENDS in an interview.

Iran's ambassador flew out of the rebel-held Yemeni capital to receive Covid treatment Saturday in a rare exemption from an air blockade enforced by a Saudi-led coalition, Saudi and Iranian officials said. "The ambassador left on an Iraqi aircraft and is probably now in Baghdad," a senior Saudi official familiar...

The Oman-origin telecom firm has signed a deal with Optiva for this.

The deals are in sectors ranging from livestock-rearing to vegetables, rabbits, and even Omani thyme.

Queen Elizabeth II on Wednesday made a rare public appearance, hosting Oman's Sultan Haitham bin Tareq and his wife, Sayyida Ahad bint Abdullah, at Windsor Castle. The 95-year-old monarch has cut back on her engagements since an overnight hospital stay in October that raised fears for her health and prompted...

The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.

Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with national firms to carry out vital projects and attract investments and provide integrated solutions in different industrial sectors. Omani media reports said the first agreement was signed with an Omani...

The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.

Oil and gas returns are set to comprise 68 percent of total revenues, against 32 percent for non-oil and gas revenues.

The decision is said to have come at a meeting of Oman’s Supreme Committee tasked with tackling developments resulting from Covid-19.

Holders of Saudi passports can travel to up to 34 countries without a visa, and may obtain a visa at the airport in 42 countries.

Saudi Arabia and Kuwait pledged to enhance bilateral cooperation and coordination in security, military, and economy.

US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration and production-sharing off the divided island of Cyprus despite Turkey’s opposition to the deal. Cypriot Energy Minister Natasa Pilides, Varnavas Theodosiou, CEO of ExxonMobil Cyprus, and Ali al-Mana, director of Qatar Energy’s International Upstream and...

A commercial shrimp farming project was launched at Quroom Farm in Jaalan Bani Bu Hassan, in the Governorate of South A'Sharqiyah in Oman. The 20-million Riyali Oman project, spread over an area of 500 hectares (5 square km), is set to have a total capacity of 4,600 tons per annum...

UAE President Sheikh Khalifa bin Zayed Al Nahyan conferred the “Order of Zayed” on Saudi crown prince Mohammed bin Salman in Abu Dhabi.

Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.

The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period in 2020.

The visit will explore diverse areas that serve the interests of the two countries.

A US Navy arrived also helped the Iranian seamen with food, water, and medical care.

The inflation rate in Oman rose by 3.35 percent in October 2021 compared to October 2020. Local media reports, citing the latest data from the National Centre for Statistics and Information (NCSI), said the inflation rate also went up by 0.75 percent compared to September 2021. The rise of prices...

Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the issue manager and provides the added...

Omani sailor Ahmed bin Majid has been added to the list of world’s influential personalities on his 600th birth anniversary by UNESCO.

Tuwaiq Sculpture is the second public art programme to be launched as part of Riyadh Art,