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Dubai Homeowners Market Shows Patience Amid Predicted Price Drop

The Dubai homeowners market is showing signs of resilience, even as forecasts suggest a potential decline in property prices of up to 15 percent in 2025. A...

Aramco CEO Highlights Importance of Oil and Gas During Global Conflicts in Saudi Arabia

Oil and gas are important in times of conflict, said Aramco’s CEO, addressing energy leaders at the Energy Asia Conference. He explained how the...

Oman and Germany Bilateral Cooperation Discussed Amid Regional Tensions

Oman and Germany bilateral cooperation took a step forward as senior officials from both nations met in Muscat to strengthen diplomatic relations. Sayyid Badr bin...

Belarus and Kuwait Agree on Steps to Strengthen Bilateral Cooperation

Ambassador Extraordinary and Plenipotentiary of Belarus to Kuwait (non-resident), Igor Bely, officially presented his credentials to Kuwait’s Foreign Affairs Minister, Abdullah Ali Al-Yahya. The...

Qatar Global Trade Hub Role Grows with Smart Logistics and Regional Agreements

Qatar global trade hub ambitions continue to materialize as the country bolsters its logistics infrastructure and trade alliances. With rapid cargo growth and major...

Dubai Property Owners Must Pay Service Charges on Time to Protect Credit Scores

Dubai property owners must now take Dubai service charges payment seriously, as failure to pay on time could negatively impact their credit scores. The UAE is...

MSX Declines 48 Points as Non-Omani Investment Drops

Oman’s Muscat Stock Exchange faced a sharp drop today. The MSX declines 48 points, closing at 4,543.10. This marks a 1.06 percent loss from...

Oman Oil Price Drops 21 Cents Amid Regional Energy Market Volatility

Oman oil price drops again, reaching $66.61 for August 2025 delivery. The decrease equals 21 cents compared to Tuesday’s closing rate of $66.82 per...

Saudi Insurance Market Mergers to Accelerate Amid Regulatory Push

Saudi insurance market mergers to accelerate as new regulations tighten capital requirements and intensify competition. Fitch Ratings expects faster consolidation across the sector. The Saudi...

Simaisma Tourism Project in Qatar Closes the Beach for 5 Years

Simaisma Tourism Project in Qatar has begun with the closure of Simaisma Beach. The beach will remain closed for five years starting June 10,...

$5 Billion Boost for Shariah Housing Development in Oman and GCC

Oman has taken a major step toward solving its affordable housing challenge. A leading regional investment firm has partnered with global finance institutions to...

OPEC Oil Output in May Rises Less Than Planned in Iraq and the Gulf

OPEC oil output in May increased slightly but fell short of expectations, as Iraq and Gulf states limited production boosts. The Reuters survey revealed...
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