NEWS IN REAL TIME
RIYADH | SAUDI ARABIA – Oman will on Saturday lift a domestic ban on travel between provinces, imposed on July 25 to prevent the spread of the new coronavirus during the Muslim Eid al-Adha holiday, the state news agency ONA said on Wednesday. From Saturday it will also reduce its curfew for a week to … Continue reading TRAVEL | Oman To Lift Internal Travel Restrictions, Reduce Curfew
DUBAI – Economic activity in the Gulf will contract sharply this year before recovering in 2021, hit by the double shock of the coronavirus pandemic and an oil price crash, a quarterly Reuters poll showed on Tuesday. Analysts in the July 7-20 poll see a deep economic contraction in the hydrocarbon – producing region this … Continue reading ECONOMY | Gulf Economies Seen Shrinking Sharply In 2020, To Pick Up In 2021: Reuters Poll
RIHADH | SAUDI ARABIA – The Oman Investment Authority has restructured the boards of 15 companies overseen by it as part of a comprehensive review of state-owned companies, the state news agency said on Sunday. The chairman of five companies were replaced. Oman established the Oman Investment Authority last month to own and manage most … Continue reading BUSINESS NEWS | Oman Investment Authority Restructures Board Of 15 Companies
RIYADH | SAUDI ARABIA – Omani will start allowing its citizens to fly outside the country, but they must apply with authorities to do so quarantine upon their return, state television reported on Tuesday. Oman TV also said on its Twitter account that the Gulf Arab state had decided to maintain a lockdown on two … Continue reading TRAVEL NEWS | Oman To Start Allowing Citizens To Travel Abroad – State TV
RIYADH | SAUDI ARABIA – The Omani Ministry of Health has announced the detection of 48 new coronavirus, COVID-19, cases and the recovery of 71 individuals. The total number of cases registered in the Sultanate reached 419, in addition to two deaths, the Oman New Agency, ONA, reported
Oil Refinery, Chemical & Petrochemical plant abstract at night. Oman welcomes a U.S. invitation to OPEC members to discuss ways of halting a collapse in oil prices, the country’s oil minister said, according to the Omani al – Watan newspaper on Thursday. RIYADH | SAUDI ARABIA - Oman is not in the Organization of the … Continue reading BUSINESS | Oman Welcomes U.S. Invitation To OPEC To Discuss Oil Price Decline: Newspaper
RIYADH | SAUDI ARABIA - Oman reported 22 new confirmed cases of the novel coronavirus in the last 24 hours, raising the total number of confirmed cases in the country to 131, according to the Ministry of Health. All the new cases are of Omani nationals, the ministry said. Out of the 22 cases, 10 … Continue reading CORONAVIRUS ALER | Oman Confirms 22 New Cases, Raising Total To 131
RIYADH | SAUDI ARABIA – Oman announced on Tuesday it was suspending all internal and international flights as of March 29, except cargo operations and flights to Musadam, according to state TV. The decision comes amid coronavirus contamination efforts. The Gulf Country currently had 84 cases and has yet to record a death attributable to … Continue reading TRAVEL ALERT | Oman Suspends All Domestic, International Flights
DUBAI| RIYADH – The United Arab Emirates said on Saturday it was shutting major tourism and cultural venues, including the Louvre Abu Dhabi museum and the Ferrari World theme park, from March 15-31, as Gulf states stepped up measures against coronavirus. The UAE central bank also announced a 100 billion (AED) ($27 billion) economic plan … Continue reading NEWS | UAE Cancels Events, Flights Due To Coronavirus As Central Bank Announces Fiscal Plan
LONDON – The collapse in oil prices will put pressure on government finances in the Gulf, credit rating Fitch said on Monday. Fitch’s top Middle East and Africa sovereign analyst Jan Friedrich said a $10 drop in crude prices lowered fiscal revenues in the Gulf by 2-4% GDP, depending on the country. ‘The collapse in … Continue reading BUSINESS | Oil Price Collapse Will Hurt Gulf States’ Finance: Fitch
