Oman
Oman is a country located on the south-eastern coast of the Arabian Peninsula in Western Asia. Its capital is Muscat, and the country has a population of about five-million people. Oman's economy is dominated by oil and gas production, which accounts for a significant share of government revenue and export earnings, though the government has pursued economic diversification through its Vision 2040 strategy. The country is a member of the Gulf Cooperation Council and maintains close trade and diplomatic ties with neighbouring Saudi Arabia, the United Arab Emirates and other regional powers. Oman's currency is the Omani rial, and the country operates as an absolute monarchy under Sultan Haitham bin Tariq. The nation occupies a strategically important position at the mouth of the Strait of Hormuz, through which a substantial portion of the world's oil exports pass. In addition to hydrocarbons, Oman has invested in port infrastructure, logistics and mining, including copper and other minerals. The government has also shown interest in renewable energy and green hydrogen projects as part of its diversification efforts. Oman's stable political environment and strategic location have made it an important partner for international trade and investment in the Middle East.
Oman Updates
Oil prices climb more than $4 after Israeli strikes on Iran, Lebanon
By: Reuters 8th June 2026 Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day... →
Daily Podcast – April 23, 2026
By: Lynne Davies 23rd April 2026 Making headlines: SACP tells members to ignore ANC dual membership ultimatum; South Africa ramps up fuel imports from US as war jolts trade; And,... →
South Africa ramps up fuel imports from US as war jolts trade
By: Reuters 23rd April 2026 South Africa is boosting oil-product imports from the US to help replace lost supplies from the Middle East, in another example of how the conflict... →
Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources 
By: Terence Creamer 17th April 2026 The Department of Mineral and Petroleum Resources (DMPR), which is now preparing for a prolonged period of fuel supply and pricing pressure as a... →
Fuel crunch from war threatens South African wheat, corn crops
By: Bloomberg 24th March 2026 Farmers in South Africa are heading into the winter planting season with surging diesel prices and tightening supplies – triggered by the Middle... →
Colonialism in Africa: archaeology offers a deeper view
5th March 2026 Colonialism has been a central part of history around the world, differing only in form over time and space. After all, whenever people have moved... →
Partial enforcement of equal economic opportunity laws for women hampering economies – World Bank
By: Schalk Burger 24th February 2026 Only 4% of women across the world live in economies that provide nearly full legal equality, and this is keeping economies from reaching their full... →
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