Read the latest news from regional and global sources, presenting different voices and perspectives.
World Bank report lauds Oman's strong economic performance
Times of Oman
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Muscat— The World Bank's 2024 Gulf Economic Update report highlighted that the Sultanate of Oman has achieved significant positive fiscal and economic results despite regional and global challenges. The report affirmed that Oman's economic...
Oman, Algeria explore means of boosting economic and investment ties
Times of Oman
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Algiers— Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, met today with several Algerian ministers and senior officials to discuss means of enhancing economic, trade and investment cooperation between the...
Oman: Mining concession awarded for sea salt production project
Zawya
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MUSCAT - The Ministry of Energy and Minerals signed on Sunday, June 22, 2025, a mining concession agreement with Integrated Global Engineering Company to develop natural salt production in Concession Area I-51, located in Al Wusta Governorate. The...
Oman’s insured non-oil exports hit $159m
Gulf Daily News Online
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Oman’s insured non-oil exports reached 61.2 million Omani rials ($159m) in the first quarter of 2025, marking a six per cent increase from the same period last year, according to Credit Oman. The sultanate’s export credit agency, which provides...
Oman: OIA posts $4bln profit, ramps up local investment
Zawya
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Muscat – Oman Investment Authority (OIA) has reported strong financial results for 2024, announcing that its assets now exceed RO20bn, with annual profits reaching RO1.585bn. In line with its commitment to fiscal support, OIA injected RO800mn into...
Currency Exchange Rates in Pakistan Today – 23 June 2025
Pakistan Observer
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June 23, 2025
KARACHI – Pakistani rupee remained largely under pressure against various foreign currencies in open market as the buying and selling prices of Euro, Saudi Riyal and UK Pound witnessed fluctuations. On June 23, US Dollar’s buying rate stood at...
Strategic Strike Or Economic Suicide? The Strait Of Hormuz, Oil Prices, Economic War Shock, Call On China And The Straitjacket Ahead!
Inventiva
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June 23, 2025
A U.S. strike on Iranian nuclear facilities over the weekend, announced by President Donald Trump is expected to trigger a sharp reaction in global markets when they reopen, according to investors and market analysts. The move, which escalates...
MTCIT invites EOI to develop office software locally in Oman
Zawya
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Muscat – In an effort to enhance digital sovereignty and support technology localisation, Ministry of Transport, Communications and Information Technology (MTCIT) has invited expressions of interest (EOI) from local companies and investors to...
Today Open Market Currency Rates in Pakistan – US Dollar, Euro, Pound, Riyal Updates 23 June
Daily Pakistan
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June 23, 2025
Pakistani Rupee extended lossses against key foreign currencies which posted notable gains in the open market. According to the latest exchange rates, the US Dollar, Euro, UK Pound, UAE Dirham, and Saudi Riyal all moved up against local currency,...
Iran and Israel trade air and missile strikes
Japan Today
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June 23, 2025
Iran and Israel traded air and missile strikes as the world braced on Monday for Tehran's response to the U.S. attack on its nuclear sites and U.S. President Donald Trump raised the idea of regime change in the Islamic republic. Iran vowed to...
'Supplies Diversified': Will Iran's Move To Close Strait of Hormuz Impact India's Oil Trade?
News18
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June 23, 2025
Last Updated:June 23, 2025, 07:00 IST The Strait of Hormuz, vital for oil trade, may close due to US-Iran tensions. India, importing 1.5M barrels through it, is seeking other suppliers for stable fuel. The Strait of Hormuz is the world's most...
Editorial: US has initiated war that will affect entire global order geopolitically and economically
Dawn
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June 23, 2025
BY striking Iran’s nuclear sites, America has initiated the process of a long and devastating war that will affect the entire global order geopolitically and economically. Even earlier in April, when talks on the nuclear issue between the US and...
Iran-Israel War: US Urges China To Stop Iran From Shutting Strait Of Hormuz - 'Economic Suicide For Them'
MENAFN
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June 22, 2025
(MENAFN- Live Mint) Iran-Israel War: US Secretary of State Marco Rubio has called on China to encourage Iran not to shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear sites. Rubio's remarks came after Iran's...
The strait of Hormuz: what is it, and why does it matter to global trade?
The Guardian
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June 23, 2025
President Donald Trump’s unprecedented decision to bomb three Iranian nuclear sites has deepened fears of a widening conflict in the Middle East. Joining Israel in the biggest western military action against the Islamic Republic since its 1979...
Iran, Israel trade strikes after US airstrikes
Pajhwok Afghan News
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June 23, 2025
KABUL (Pajhwok): Iran and Israel exchanged missile and air strikes on Monday as global concern mounted over Tehran’s potential retaliation following a major US attack on Iranian nuclear facilities, media reports said. Meanwhile, US President...
Conflict threatens Nepal’s economy as remittance, inflation risks grow
The Kathmandu Post
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Nepal’s remittance-dependent and import-heavy economy may face a new series of shocks—particularly in the areas of labour market and inflation—due to escalating tensions in West Asia following Iran’s attack on Israel. Reports say Israel came under...
Oman to impose 5% tax on individuals with annual income of OR42,000, a first in Gulf region
Gulf Today
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June 22, 2025
Sultan Haitham Bin Tariq of Oman has issued a decree on Sunday mandating the introduction of income tax, with the intention of implementing this on an individual income basis from 2028, according to the Oman News Agency. This would make Oman the...
Scheme to improve market access for mango farmers in Oman
Muscat Daily
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June 22, 2025
Muscat – In an effort to enhance the sultanate’s agricultural sector and support local farmers, Oman Agricultural Development Company (OADC) has announced that it will begin receiving the 2025 harvest of local mangoes at its dedicated collection...
Oman to impose 5 pc income tax on high earners
The Siasat Daily
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June 22, 2025
Muscat: Oman will implement a 5 percent income tax on individual whose annual earnings exceeds 42,000 Omani riyals (Rs 94,57,768) from January 1, 2028. This move makes Oman the first GCC country to introduce personal income tax in the region. The...
Oman To Impose 5% Income Tax On High Earners From 2028
MENAFN
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June 22, 2025
(MENAFN- Khaleej Times) Oman will impose five per cent income tax on people whose annual income exceeds 42,000 Omani riyals (approximately Dh400,000) from 2028. Under the Personal Income Tax Law issued by Royal Decree No. 56/2025, the aim of...