Oman News
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Qatar’s central bank governor said his country hasn’t changed its support for pegging the riyal to the U.S. dollar after Reuters reported that the bank’s director of research urged a more flexible exchange rate.
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U.S. Secretary of State John Kerry heads to Jordan today for talks with Mideast and European allies to promote a negotiated end to the crisis in Syria, as government and rebel forces battle for control of the strategic city of Al-Qusair.
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Sembcorp Industries Ltd., the biggest utility in Southeast Asia, formally opened its $1 billion Salalah water and power plant in Oman.
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GlassPoint Solar Inc.’s completion of the first Middle Eastern solar plant that makes steam to extract crude from aging oilfields, on time and under budget, will help encourage orders in the region for the producer’s technology.
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U.S. Secretary of State John Kerry arrives in Oman today where he will highlight the Persian Gulf nation’s intent to purchase a $2.1 billion air-defense system from American contractor Raytheon Co.
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U.S. Secretary of State John Kerry will try during a weeklong Mideast tour to bring Syria’s warring parties to peace talks and to revive negotiations for a two- state agreement between Israel and the Palestinians.
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Dubai’s benchmark stock index rose for a ninth day in its longest winning streak in more than two years on investor optimism the emirate is recovering from a property crash and restructuring debt. Abu Dhabi’s gauge gained.
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West Texas Intermediate crude headed for the first weekly decline in a month after U.S. consumption of gasoline and distillate fuels dropped.
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The Organization of Petroleum Exporting Countries will increase crude exports this month to meet rising demand from Asian refiners, tanker tracker Oil Movements said.
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Liquefied natural gas imports by South Korea, the world’s second-largest buyer of the fuel, rose 29 percent in April as domestic demand increased.
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