Economy | Omanet

Oil prices rose over 1% amid the Middle East crisis, with Tehran closing the Strait of Hormuz and the US

Chinese AI startup DeepSeek, founded in 2023, gained global attention in 2025 with its R1 model, rivaling ChatGPT at lower

Oil prices climbed as the Middle East crisis deepened with Tehran closing the Strait of Hormuz and the US enforcing

Oman-based Masirah Energy Gateway and Dubai's Ento Capital are advancing a $500M digital energy platform to scale investments in energy-backed

Asyad Shipping Company SAOG has purchased two second-hand Kamsarmax dry bulk carriers for RO 28 million ($72.7 million). Built in

Oman signed its fourth mining concession in North A’Sharqiyah, granting a licence to explore manganese and associated minerals. The 747

China is boosting exports of advanced vehicle technologies like EVs, robotaxis, and flying cars amid domestic market challenges. With a

SpaceX views AI as its biggest growth opportunity, with 90% of its $28.5T total addressable market tied to AI, primarily

Oman has inaugurated the Izz Pharmaceuticals factory in Nizwa Industrial City, advancing local drug manufacturing and reducing import reliance. The

The third Aluminium Scrap Recycling Symposium in Oman emphasized accelerating the creation of an integrated recycling ecosystem to advance circular

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