Oman Accelerates Duqm Development Through Massive Investments in Energy Storage Petrochemicals and Green Hydrogen Projects

Oil and Gas
Oman is accelerating efforts to transform Duqm into a leading global energy and industrial hub through massive investments in oil storage, petrochemicals, and green hydrogen projects. As a result, the Sultanate aims to strengthen its position in international energy markets while supporting economic diversification. Located on Oman’s southeastern coast, Duqm enjoys a strategic position outside the Strait of Hormuz. Therefore,...
Continue reading...

Oman Accelerates Duqm Development Through Massive Investments in Energy Storage Petrochemicals and Green Hydrogen Projects

Oman is accelerating efforts to transform Duqm into a leading global energy and industrial hub through massive investments in oil storage, petrochemicals, and green...

Saudi Arabia Signs $150 Million Fuel Supply Agreement to Support Yemen’s Electricity Sector

Saudi Arabia and Yemen have signed a $150 million agreement to supply petroleum derivatives for electricity generation, reinforcing efforts to improve power services across...

Gold Prices in the UAE Continue Downward Trend as Investors React to Inflation Risks and Higher Interest Rate Expectations

UAE gold prices recorded a sharp decline on Wednesday, falling by more than Dh10 per gram and reaching their lowest levels in over a...
Financial

Gold Prices in the UAE Continue Downward Trend as Investors React to Inflation Risks and Higher Interest Rate Expectations

UAE gold prices recorded a sharp decline on Wednesday, falling by more than Dh10 per gram and reaching their lowest levels in over a month. The drop followed continued weakness in global bullion markets amid inflation concerns, higher oil prices, and a stronger US dollar. The latest decline provided relief for gold buyers across the UAE. As a result, many...

Finacial

What's happening now?

Load more

Explore more articles

Most Viewed

Recommended for you

Discover the Untamed Beauty of Dubai’s Desert

0
Al Marmoom Exhibition is set to open in Dubai, showcasing the Al Marmoom Desert Conservation Reserve as a living ecosystem. Importantly, the exhibition highlights its significance to Emirati heritage and identity. Officials also say the initiative connects...
Oil and Gas

Saudi Arabia Leads with Direct Air Capture Technology to Cut Emissions

Saudi Aramco has recently launched its first direct air capture (DAC) test unit in the Kingdom. This move marks a key development in the...
Financial

Kuwait’s NBK Mobile Banking App Enhances Customer Experience

NBK has launched a fresh set of upgrades to its NBK Mobile Banking App. These improvements aim to strengthen the overall NBK Mobile Banking...
Financial

Sheikh Mohammed Enacts Law No. 3 of 2026 to Boost Structural Safety in Dubai

Building safety standards in Dubai reached a new level of stringency this Tuesday after Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (3)...
Investment

Kuwait Strengthens Energy Partnerships Through UAE Industrial Platform Event

Kuwait energy cooperation advanced this week as officials joined a major industrial gathering in the UAE. Kuwait energy cooperation gained attention during high-level discussions...
Financial

Gold Prices Dip in Baghdad Markets Amid Fluctuations

Gold prices in Baghdad experienced a slight decline on Saturday, reflecting ongoing market fluctuations. According to a recent survey, Baghdad’s wholesale markets along Al-Nahr...
Stocks

UAE Markets Open Lower as Drone Interceptions and Regional Tensions Trigger Broad Selling Pressure

The UAE markets opened sharply lower on Monday as rising regional tensions unsettled investors. Traders reacted quickly to security developments and statements from global...
Investment

Qatar IoT Market Accelerates Toward QR1.3bn on Smart City Momentum

Qatar IoT market is on track for rapid expansion, with revenues projected to reach QR1.3bn this year. Analysts forecast steady growth that will push...
Financial

Oman Launches Economic Integrity Drive to Tackle Hidden Trade Risks

Oman has launched a multi-agency strategy to eliminate hidden trade and protect its growing economy. A top official from the Ministry of Commerce, Industry,...
Investment

Tesla to Enter Saudi Arabia’s Market in April

‎ ‎ -
Tesla is set to launch its electric vehicles in Saudi Arabia on April 10, 2025. The event will take place at the Bujairi Terrace in Riyadh. Tesla, led by CEO Elon Musk, is already present in other Middle Eastern...

Khaleej Business Insight

Khaleej Business Insight delivers curated global business news, exclusive insights, and expert analysis. As a trusted source, we provide depth and clarity in business, finance, the economy, and innovation. Stay informed in a fast-moving world.

Follow us

About us

Copyright Khaleej Business Sight 2025.