OPEC+ receives updated output compensation plans from 8 members
The Organisation of the Petroleum Exporting Countries (OPEC+) has received revised oil output compensation plans…
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Oman
OPEC+ reaffirms commitment to market stability with production adjustment
OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to…
Petrojet expands international operations, strengthens manufacturing capabilities
Egypt’s Petrojet secured new contracts worth 112 billion Egyptian pounds in 2024—60 per cent of which are outside…
Egypt’s FRA approves 2 new carbon reduction projects
Egypt’s Financial Regulatory Authority (FRA) approved the registration of two new carbon emission reduction…
Egypt’s c. bank hosts FSB’s RCG MENA meeting
The Central Bank of Egypt (CBE) - Co-chair of the Regional Consultative Group for the Middle East and North Africa…
Egypt-Oman trade exchange reaches $858m in ’24 – CAPMAS
Egypt and Oman recorded a trade exchange of $858 million in 2024, a decrease from $908 million in 2023.
Oman’s Asyad Group to IPO stake of shipping unit
Oman's state-owned Asyad Group plans to sell at least 20 per cent of its shipping unit, Asyad Shipping Co, through…
Oman c. bank cuts repo rate by 25 basis points
The Central Bank of Oman (CBO) has decreased its repo rate for local banks by 25 basis points to 5.00 per cent,…
World Bank: GCC region economic growth to accelerate by ’26
Economic growth in the Gulf Cooperation Council (GCC) region is forecast to reach 1.6 per cent in 2024, with a…
Al Majed for Oud soars in Saudi IPO
Al Majed for Oud Co., a Saudi Arabia-based perfume maker, surged by the maximum limit in its Riyadh stock market…
AfDB 2023