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Oman officially called the Sultanate of Oman is an Arabstate in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates (UAE) to the northwest,Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the southeast and the Gulf of Oman on the northeast. The Madha and Musandam enclaves are surrounded by the UAE on their land borders, with the Strait of Hormuz and Gulf of Oman forming Musandam's coastal boundaries.
For a period, Oman was a moderate regional power, formerly having a sultanate extending across the Strait of Hormuz to Iran, and modern day Pakistan, and far south to Zanzibar on the coast of south-east Africa. Over time, as its power declined, the sultanate came under heavy influence from the United Kingdom, though Oman was never formally part of the British Empire, or a British protectorate. Oman has long-standing military and political ties with the United Kingdom and the United States, although it maintains an independent foreign policy.
Oman is an absolute monarchy in which the Sultan of Oman exercises ultimate authority but its parliament has some legislative and oversight powers. In November 2010, the United Nations Development Programme (UNDP) listed Oman, from among 135 countries worldwide, as the nation most-improved during the preceding 40 years. According to international indices, Oman is one of the most developed and stable countries in the Arab world.
Sat, 25 Jul 2015 06:18:45 -0700
Ismailia: The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez ...
Times of Oman
Thu, 23 Jul 2015 02:55:37 -0700
In April during the Platts Market on Close assessment process, ChinaOil purchased 49 cargoes of June-loading Oman crude, each 500,000 barrels, equating to 816,000 b/d. Of these stems, the vast majority ended up loaded onto VLCCs and sent to China.
Fri, 03 Jul 2015 04:48:45 -0700
A Russian Progress spacecraft blasts off from the launch pad at the Baikonur cosmodrome, Kazakhstan on Friday. The unmanned version of the Russian Soyuz spacecraft known as the Progress 60P resupply vehicle lifted off from the Baikonur Cosmodrome ...
Times of Oman
Wed, 29 Jul 2015 02:45:00 -0700
Officials, instead, have hinted at LNG shipments but the first cargo is not believed to come about at least in the near future. LNG constitutes 31% of the world's gas trade, with 70% of it going to Asia and the Middle East, Kameli said in June, adding ...
Sun, 26 Jul 2015 06:07:30 -0700
Rescue teams work last Thursday, north of the Egyptian capital Cairo, to dig up the wreckage of a boat, which had people celebrating an engagement aboard, after it sunk when a cargo ship hit it. Photo - AFP. Sharelines. Death toll in Egypt Nile boat ...
Times of Oman
Wed, 29 Jul 2015 04:48:45 -0700
Materials Handling Middle East is the wider region's only dedicated trade and networking event for intralogistics, warehousing, supply chain management, freight and cargo. New features in 2015 include the inaugural Warehousing and Materials Handling ...
Times of Oman
Tue, 28 Jul 2015 07:26:15 -0700
While the corporation continues to provide efficient services to the cargo vessels which have been allowed to call Port Sultan Qaboos by the MoTC, the terms of the concession agreement, which has been proposed by the ministry to extend upto December 31 ...
Times of Oman
Tue, 28 Jul 2015 16:03:45 -0700
This puts DME Oman at $1.03 a barrel above Dubai swaps, up from a premium of 73 cents in the previous session. Russian ESPO loading in early September came under pressure. Trafigura sold an ESPO cargo for loading in early September to Unipec at ...
Business Recorder (press release) (blog)