Bibhu

According to a recent report, Oman’s Ministry of Oil and Gas recently announced the revised petrol and diesel prices for June. The price of super grade petrol (M95) is set at 180 baisa (Dh1.72) per litre, that of regular petrol (M90) will be 170 baisa per litre, and diesel will cost 185 baisa in June, according to the Ministry of Oil and Gas.

A recovery in the oil price to around $50 has eased pressure on Opec to turn down the taps when it gathers in Vienna on Thursday for its first meeting with the powerful Saudi crown prince’s new oil minister.

BankDhofar has received an award for ‘Best Mobile Banking Implementation in the Middle East’ by The Asian Banker in recognition of its continuous efforts to lead the financial market in the Sultanate by providing best customer experience through state-of-the-art technology and implementation of cutting-edge e-banking solutions.

In keeping with its promise to support and develop Omani Small & Medium Enterprises (SME’s) and as part of its strong commitment to maximise the In Country Value (ICV), Orpic recently signed an important project contract with Al Batina International Engineering & Services LLC for Warehouse Facilities Improvement at its premises in Sohar Industrial Port.

Oman Air and Menzies Aviation today took a major step toward forming a joint venture partnership, which will provide ground handling services at all airports across the Sultanate of Oman.

According to a recent Bloomberg report, Saudi Arabia’s Public Investment Fund is likely to make an offer next month to buy Riyadh’s unfinished financial hub as the government attempts to rehabilitate a project plagued by delays and cost overruns.

Salalah Port in the Governorate of Dhofar added a new main shipping line with the launch of New Falcon Services of Mediterranean Shipping Company (MSC) to directly link with Asia and Middle East.

Muscat International Airport recorded a 19.5% year-on-year rise in the number of passengers (international and domestic) during the first four months of the current year, with the passenger count exceeding 4.194 million as against 3.23 million last year, according to the latest bulletin released by the National Centre for Statistics & Information (NCSI).

Petroleum Development Oman (PDO) has unveiled three new community projects in its concession area.

Minister of Environment and Climate Affairs Mohammed bin Salim al Toobi officially opened the second Oman Energy & Water Exhibition and Conference on Monday at the Oman International Exhibition Centre.