FIFA boosts cash payments for World Cup
FIFA on Tuesday announced a sharp increase in overall financial distributions for this year’s World Cup, boosting cash payments to nearly $900 million following concerns over the…
Strait of Hormuz shipping traffic at a standstill: UN
New York: Shipping traffic through the Strait of Hormuz hascome to a virtual standstill since February, the United Nations said on Tuesday.A newly released dashboard from the UN Tr…
The world needs natural gas now, but the US is exporting all it can
The closure of the Strait of Hormuz has cut off a significant source of liquefied natural gas, but the United States, the biggest exporter of the fuel, is unlikely to pick up that…
What is OPEC, and how does it operate?
The OPEC oil cartel has long sought to control the price of oil by effectively controlling a big chunk of the world’s supply of crude. But its influence has been waning for years.O…
Trump to feature in commemorative US passports
Washington – An image of Donald Trump will soon appear in some US passports, officials said Tuesday, shattering another norm as the president aggressively puts his personal stamp o…
UAE to leave OPEC and OPEC+ oil producer groups
The United Arab Emirates said on Tuesday it was quitting Opec and Opec+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time whe…
Oil prices rise over Iran stalemate
Stocks fell and oil prices rose on Tuesday as investors assessed the stalemate in the Iran conflict and news the United Arab Emirates was cutting ties with OPEC, while concerns th…
Bahla held as Sohar claim key win over Al Nasr
MUSCAT: The second day of Round 22 in the Jindal League brought another shift in the standings, as Bahla were forced to settle for a 1-1 draw against Oman Club, while Sohar claimed…
Muscat secure volleyball, basketball double at School Sports League
Muscat Directorate of Education asserted its dominance at the School Sports League for Team Games, clinching both the girls’ volleyball and 3×3 basketball titles at the conclusion…
Oman, UK discuss Hormuz security
Sayyid Badr bin Hamad al Busaidy, Foreign Minister, met Lord Edward Llewellyn, Director General Political at the Foreign, Commonwealth and Development Office of the United Kingdom…