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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 1, 2026 3:52 PM

India-UAE Desert Cyclone II exercise concludes in Abu Dhabi

The second edition of the joint military exercise Desert Cyclone between the Indian Army and the UAE Land Forces concluded with a closing ceremony at Al-Hamra Training City in Abu Dhabi on December 30, marking the successful completion of nearly two ...

January 1, 2026 3:46 PM

Syria Introduces New Banknotes from January 1

Syria has introduced redesigned banknotes from January 1, bringing into circulation a new series of currency that removes images of former leader Bashar al-Assad and his father Hafez al-Assad in a symbolic break with the past. The new currency was f...

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