Asyad Shipping and Vale have marked a milestone in sustainable shipping with Sohar Max, the first wind-assisted Valemax vessel, making its inaugural call in Oman to deliver iron ore to Vale’s Sohar operations.
Oman’s low-cost carrier SalamAir has launched its first direct flight between Muscat and Sylhet, Bangladesh, becoming the first foreign airline to operate scheduled services to the city.
Sohar International and National Bank of Oman (NBO) have agreed a $720 million syndicated refinancing facility for Phoenix Power Company SAOG (PPC), following the 15-year extension of its Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (OPWP).
Oman’s total oil production rose 11.3 per cent by the end of July 2026 to 233.8 million barrels, up from 210.1 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI).
Oman’s natural gas production, including local output and imports, increased 6.4 per cent by the end of July 2026, reaching 34.98 billion cubic metres, compared with 32.88 billion cubic metres during the same period in 2025, according to data from the National Centre for Statistics and Information (NCSI).
Sohar International has reaffirmed its commitment to supporting Oman’s energy sector and sustainable economic growth through a joint symposium titled “Oman’s Energy Sector in a Reshaped Gulf: Driving Economic Growth, Investment, and Global Competitiveness.”
Oman's industrial estates operator Madayn has announced that its Suhar Industrial City has attracted more than RO214 million ($555 million) in investment commitments during the first half with 39 contracts signed for projects covering more than 1.1 million sq m area.
Iran and Oman have moved closer to an agreement on reopening the Strait of Hormuz to commercial shipping, with both sides agreeing on the geographical coordinates of a proposed safe navigation corridor, even as conflicting messages over possible US-Iran negotiations continue to cloud prospects for a broader diplomatic breakthrough.
Diplomatic efforts to ease tensions between the United States and Iran gathered momentum on Tuesday, with Qatar saying negotiations have reached "very progressive stages" and draft proposals for a possible agreement are now being circulated, even as Iran and Oman continued talks on future shipping arrangements in the Strait of Hormuz.
SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens.
