Latest news with #Oman
UAE Moments
an hour ago
- Entertainment
- UAE Moments
Today's Moon Mood: Saturday, June 28, 2025
Feeling a little rebellious today? Blame it on the Moon chilling in Aquarius — the ultimate free spirit of the zodiac. Under this energy, the usual rules It's all about originality, big ideas, and fighting for what you believe in (even if it's just arguing for pineapple on pizza). You might find yourself craving more space than usual — emotionally, mentally, physically. If someone's texting you five times in a row, you might just toss your phone across the room (no judgment). It's not personal, it's the Moon. Creativity is sky-high, too, so don't waste today doing boring things! Start a wild project, reach out to an unexpected new friend, or brainstorm some out-of-the-box goals. Aquarius energy reminds us: life's too short to be basic. Moon Mood tip: Say yes to your quirks. Wear something weird. Speak your truth. Break a routine just because you can. Join our FREE WhatsApp channel to dive into a world of real-time engagement! This article was previously published on omanmoments. To see the original article, click here
Globe and Mail
7 hours ago
- Business
- Globe and Mail
OXY's International Operations Are Powering Multi-Dimensional Growth
Occidental Petroleum 's OXY global upstream footprint plays a pivotal role in driving its growth and resilience. International assets, such as Qatar's Dolphin gas project, Oman's Mukhaizna oilfields and the UAE's Al Hosn Gas, contribute significantly to production and cash flow. These diversified operations help cushion the company from volatility in U.S. shale markets and reduce exposure to domestic regulatory and market fluctuations, providing a more stable foundation for consistent shareholder returns. Occidental continues to deepen its presence in the Middle East and North Africa, with strategic stakes in high-potential regions. The company is the largest independent oil producer in Oman. OXY derives nearly one-fifth of the total production and over a quarter of its proved reserves from the broader Middle East. Occidental is also integrating decarbonization into its global operations through the 1PointFive platform, which is pioneering direct air capture technology. The company's recent memoranda of understanding with Algeria's Sonatrach signal ongoing efforts to explore new hydrocarbon zones, unlocking further production upside and strengthening long-term international partnerships. Occidental expects its international operation to contribute in the range of 226-236 thousand barrels of oil equivalents per day in 2025 to total production. The international initiatives enhance Occidental's free cash flow profile and provide a cushion against domestic concentration risk. With robust operations in resilient global basins and a growing portfolio of low-carbon technologies, Occidental trades at an attractive valuation and offers compelling upside potential as its international strategy continues to evolve. How International Operations Aid U.S. Oil & Gas Companies International operations support U.S.-based oil and gas companies by diversifying revenue streams, stabilizing cash flows and reducing reliance on domestic markets. It supports companies like ExxonMobil XOM and Chevron CVX by providing diversified production sources and reducing exposure to domestic market fluctuations. ExonMobil's offshore assets in Guyana and LNG projects in Papua New Guinea drive high-margin growth, while Chevron's stakes in Kazakhstan's Tengiz field and Australia's LNG operations contribute significantly to earnings and cash flow. International exposure positions both companies to capitalize on emerging market demand and global energy transition opportunities. OXY's Earnings Estimate is Going Down The Zacks Consensus Estimate for Occidental's earnings per share in 2025 and 2026 has decreased 10.16% and 17.38%, respectively, in the past 60 days. Occidental's ROE Lower Than the Industry Return on equity ('ROE'), a profitability measure, reflects how effectively a company utilizes its shareholders' funds to generate income. The trailing 12-month ROE of OXY is 16.6%, a tad lower than its industry's 16.89%. OXY Stock's Price Performance Occidental's shares have gained 3.2% in the past month compared with the industry 's growth of 5.4%. OXY's Zacks Rank Occidental currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Times of Oman
15 hours ago
- Business
- Times of Oman
Oman's 'Dhamani' platform revolutionises health insurance with record activity in 2025
Muscat: The National Health Insurance Platform 'Dhamani' has released its operational report for the first half of 2025, revealing a surge in activity that underscores its growing role in streamlining health insurance services across the Sultanate of Oman. According to the latest figures, the platform processed more than 4.2 million transactions, averaging 40,000 transactions daily. Of these: 2.3 million were eligibility verifications for insured individuals. 1.4 million dealt with medical approvals. 700,000 were claims submitted by hospitals. In a significant milestone, OMR 3.5 million were electronically transferred from insurance companies to hospitals, emphasizing Dhamani's focus on efficiency and transparency in financial settlements. The platform's integrated network now includes: ▪ 33 hospitals ▪ 37 health complexes ▪ 33 specialised health centres ▪ 20 clinics
Times of Oman
16 hours ago
- Business
- Times of Oman
National Health Insurance platform 'Dhamani' reports strong activity
Muscat: The National Health Insurance Platform 'Dhamani' has released its operational report for the first half of 2025, revealing a surge in activity that underscores its growing role in streamlining health insurance services across the Sultanate of Oman. According to the latest figures, the platform processed more than 4.2 million transactions, averaging 40,000 transactions daily. Of these: 2.3 million were eligibility verifications for insured individuals. 1.4 million dealt with medical approvals. 700,000 were claims submitted by hospitals. In a significant milestone, OMR 3.5 million were electronically transferred from insurance companies to hospitals, emphasizing Dhamani's focus on efficiency and transparency in financial settlements. The platform's integrated network now includes: 33 hospitals 37 health complexes 33 specialized health centers 20 clinics These developments highlight Dhamani's expanding footprint and its strategic contribution to raising service standards, reducing administrative delays, and ensuring seamless communication between healthcare providers and insurers.
Zawya
19 hours ago
- Business
- Zawya
Oman: CAA records $272mln in 2024 revenue, highlights global safety rankings
Muscat – The Civil Aviation Authority (CAA) announced on Wednesday that it recorded revenues amounting to RO105 million in 2024, underscoring its operational efficiency and financial sustainability. The announcement was made during the Authority's annual media briefing held in Muscat under the patronage of H.E. Dr Abdullah Nasser al Harrasi, Minister of Information. The event was attended by senior officials, strategic partners, and key stakeholders. Reviewing its performance over the past year, the CAA reported a 95.95 per cent compliance rate with aviation safety standards, placing Oman fifth globally in the effective implementation of aviation safety oversight. Major achievements included the activation of the southern runway at Muscat International Airport, the approval of the General Civil Aviation Policy, and the signing of nine international air transport agreements. The Authority also issued new regulations to enhance passenger rights protection and introduced a revised licensing framework for drone registration and air traffic management. As part of its digital transformation efforts, the CAA revamped 113 electronic services, implemented a document management system, obtained information security certification, and upgraded Oman's numerical weather prediction systems and wadi flood forecasting models. In terms of operational expansion, the CAA granted permits to 19 foreign airlines. Cybersecurity and aviation security policies were ratified, while operational manuals were activated for both Duqm and Marmul airports. Additionally, a new air navigation radar was installed in Jalan Bani Bu Ali to strengthen national airspace surveillance. Aviation performance indicators reflected growth, with a 2 per cent increase in passenger traffic compared to 2023, and over 120,000 flights recorded. Air cargo volumes surpassed 150,000 tonnes, while more than 540,300 aircraft transited Omani airspace – a 14 per cent rise year-on-year. The national meteorological monitoring network grew to include 80 stations across the country. Meanwhile, 520 consumer complaints were addressed and resolved efficiently. Internationally, Oman attained a 94.4 per cent compliance score in aviation security under the International Civil Aviation Organization's (ICAO) Continuous Monitoring Approach. The sultanate ranked fourth among G20 nations and third in the Middle East. Oman also achieved full compliance with aviation facilitation standards under Annex 9 of the Chicago Convention. Looking to the future, the Authority confirmed that detailed design work is nearing completion for Musandam Airport, with accelerated progress anticipated in early 2025. The tender for construction of the passenger terminal at Sohar Airport is expected to be issued before the end of the year. Meanwhile, a new aircraft hangar at Muscat International Airport is set to be inaugurated later this year, positioning Oman as a regional centre for aircraft maintenance. The event also marked the launch of an upgraded digital platform for Oman Meteorology, offering real-time weather updates. A commemorative postage stamp was unveiled to celebrate 50 years of Oman's membership in the World Meteorological Organization (WMO). H.E. Eng. Naif Ali al Abri, Chairman of the CAA, stated that the year's achievements reflect Oman's unwavering commitment to aviation safety and its alignment with international best practices. 'These results are a testament to our clear strategic vision and the strong collaboration between all partners. The civil aviation sector is a pillar of national development and plays a vital role in enhancing Oman's global connectivity,' he said. The commemorative stamp, released in partnership with Oman Post, highlights the sultanate's enduring contribution to international climate cooperation since becoming a member of the WMO in 1975. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
