Oil and gas
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
His Highness met with heads of global energy companies to discuss the future of the sector
Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean
Brent crude futures rose 0.2 percent to $84.84 per barrel
Brent oil futures for September delivery hovered around $85.72 per barrel
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
Brent crude futures for September delivery edged up 0.2 percent to $86.67 per barrel
Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel
Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel
These new rigs will support the growing operations at the offshore Zakum field
