The UAE and Oman announced they have decided to set up two committees on investment and transportation in order to encourage joint ventures and improve business facilities in neighbouring countries. The agreement was signed during the third meeting of...
Oman Air on Sunday announced it suffered from a loss of 110 million riyals ($285.71m) in 2011 due to spiralling fuel costs. The Omani national flag carrier said in an email statement that revenue for the year increased by 35% to 311.3...
Reports coming from Tehran suggest the Iranian President Mahmoud Ahmadinejad had a telephonic conversation with Omani ruler Sultan Qaboos Bin Said on Wednesday in which both leaders stressed the need for strengthening mutual relations between the neighbouring countries and...
A crude oil pipeline bypassing the strategic Strait of Hormuz is almost complete in the United Arab Emirates and will start flowing oil from next month, a Reuters report said Monday. The 480-km pipeline with a capacity of up to...