May 18, 2025

Oman Extends Oil Exploration, Production with US Oxy Until 2050

Muscat: Oman’s Ministry of Energy and Minerals (MEM) announced Sunday the signing of an agreement to extend the concession for Block 53 with the US-based Occidental Petroleum Corporation (Oxy), in the Mukhaizna oil field, alongside its partners.

Acc…

Saudi Stock Index Closes Lower

Riyadh: The Saudi Exchange’s main benchmark index closed lower on Sunday, falling 142.70 points to finish at 10,864.57, with a total trading value of SAR 3.8 billion.

According to Qatar News Agency, trading volume reached 187 million shares, with sh…