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January 4, 2026 5:32 PM

Oman launches $29.77 billion budget, targets 4 percent growth

Oman has approved a $29.77 billion general state budget for 2026, projecting public expenditure of about $31.15 billion and setting a target of around 4 percent economic growth, as the sultanate continues to diversify from its reliance on oil. The bu...

January 4, 2026 5:26 PM

OPEC+ to keep oil output steady despite turmoil

OPEC+ has agreed in principle to maintain steady oil output despite rising political tensions among key members and widening geopolitical uncertainty. The eight participating countries, Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuw...

January 4, 2026 4:53 PM

Numerous teenagers among the dead identified in Swiss bar blaze, police say

Teenagers as young as 14 and 15 years old were among those who died in the bar fire on New Year's Eve that killed 40 people in Switzerland, police said on Sunday, as the Pope passed on his sympathies to the victims and their families. Police in ...

January 4, 2026 4:40 PM

UAE expresses concern over Yemen escalation, urges dialogue and restraint

The United Arab Emirates has said it is closely following recent developments in Yemen and has expressed deep concern over the continuing escalation, urging the Yemeni people to exercise restraint and prioritise wisdom to safeguard security and stabi...

January 4, 2026 4:14 PM

Army Chief General Upendra Dwivedi to Visit UAE to Bolster Defence Partnership

General Upendra Dwivedi, Chief of the Army Staff, has departed for an official visit to the United Arab Emirates on January 5, 2026, as part of India's ongoing efforts to strengthen defence cooperation and military-to-military relations with friendly...

January 4, 2026 2:51 PM

India calls developments in Venezuela a ‘matter of concern’, urges peaceful dialogue

India on Sunday expressed deep concern over the recent developments in Venezuela and called upon all parties to peacefully resolve issues through dialogue, stressing the importance of regional peace and stability. In a statement, the Ministry of Ext...

January 4, 2026 12:51 PM

Maduro is out but his top allies still hold power in Venezuela

The U.S. capture of Venezuelan leader Nicolas Maduro - praised by President Donald Trump as stunning and powerful - leaves behind uncertainty about who is running the oil-rich country. Trump said on Saturday that Vice President Delcy Rodriguez, part...

January 4, 2026 12:42 PM

Venezuelan oil industry: World’s largest reserves, decaying infrastructure

Following are key facts about the oil industry of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday, according to U.S. President Donald Trump. RESERVES Venezuela has the world's largest oil reserves but its crude out...

January 4, 2026 12:36 PM

Was the US capture of Venezuela’s president legal?

The U.S. captured Venezuela's President Nicolas Maduro in a military operation early on Saturday morning, culminating a months-long pressure campaign by President Donald Trump's administration that drew condemnation from some international leaders. ...

January 4, 2026 12:32 PM

No quick wins in tapping Venezuela’s oil reserves

Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro's capture by U.S. forces. ...

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