LONDON – Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb output.

The tightening of petroleum supplies and depletion of inventories widely anticipated at the start of the year has failed to materialise so far

Oman has awarded a project to build 12 schools in various parts of the Gulf country with a value of around 20.9 million Omani rials ($54  million), the official news agency has said.

With mega and giga infrastructure projects on the rise in the Middle East, construction is cited to ramp up from 2025

Iraq’s Ministry of Planning has urged quicker action to resume work on 15 hospital projects across five governorates that have been delayed.

Saudi Arabia intends to offer six new mining sites to investors as part of the fifth licensing round to exploit its massive mineral wealth, a Saudi official has said.