Economy | Omanet

Gold demand in Q1 2026 rose 2% to 1,231t, with value soaring 74% to $193bn amid geopolitical tensions. Retail interest

Shipping traffic through the Strait of Hormuz has virtually stopped since February, the UN said. Ship transits dropped 95.3%. Food

Stocks fell and oil prices rose amid the Iran conflict stalemate and UAE quitting OPEC, challenging oil markets. The AI

The UAE quit OPEC and OPEC+, weakening the oil-exporting groups led by Saudi Arabia amid the Iran war energy shock.

Nama Water Services (NWS) of Oman accelerated infrastructure delivery and efficiency with a project portfolio over RO 1 billion, completing

Oman is boosting efforts to attract high-tech pharmaceutical and medical device investments from China. A delegation from OPAZ is exploring

Qais bin Mohammed al Yousef, Chairman of OPAZ, is visiting Saudi Arabia to boost economic cooperation in special zones, industry,

Economic ties between Oman and Russia are booming in early 2026, with trade quadrupling and Russian exports to Oman increasing

Ryanair, Transavia, Volotea, and other low-cost airlines face financial strain from soaring jet fuel prices due to the Middle East

Oil prices rose about 3% to a two-week high amid stalled U.S.-Iran peace talks and limited shipments through the Strait

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