The United States launched a fresh wave of military strikes against Iran on Sunday after Tehran targeted a merchant vessel transiting the Strait of Hormuz, sharply escalating a conflict that has spread across the Gulf and further dimmed hopes for a return to diplomacy.
Siemens Energy will supply six gas turbines, six generators and 20-year maintenance services for Oman’s Misfah and Duqm IPP projects, adding nearly 2.6 GW of capacity, increasing national electricity generation by almost 20% and serving more than 2 million people.
The prospects for renewed US-Iran diplomacy remained uncertain on Tuesday, with Tehran denying any plans for high-level negotiations even as US President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner met Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Doha to discuss the ongoing negotiations and regional security.
Oman’s Ministry of Transport, Communications and Information Technology has signed a memorandum of cooperation (MoC) with Oman Aviation Academy to strengthen collaboration in aviation incident and accident investigations.
IMI, a global leader in fluid and motion control, engineering bespoke solutions, has been awarded a new contract to supply a wireless vibration monitoring solution for a major refinery operator in Oman, designed to reduce unplanned downtime.
Oman is seeking to strengthen its position as a destination for international investment, supported by an investment-grade credit rating, economic reforms and regulatory frameworks aligned with international standards. A key element of that strategy is the International Financial Centre of Oman (IFC Oman).
Oman has signed 10 agreements and memoranda of understanding to establish new projects with an investment value of RO2.9 billion ($7.54 billion) in the Duqm Special Economic Zone, said an Oman News Agency post in X platform.
Oman’s Public Establishment for Industrial Estates (Madayn) has unveiled an ambitious programme to implement 90 infrastructure projects across its industrial cities over the next five years, while advancing what is set to become the largest solar energy project within the Sultanate’s industrial zones as part of its updated Vision 2040 strategy.
Oman's oil exports recorded an increase of 2.7 per cent by the end of April 2026, reaching 102,734,400 barrels, compared to 100,032,400 barrels by the end of April 2025.
Oman’s natural gas production, including both domestic production and imports, increased by 4.6 per cent, reaching 18,772,100,000 cubic meters by the end of April 2026.
