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oil sector
Trends
- 1
European stock markets were little changed as pressure from oil prices and bond markets offset a rally in UK homebuilder shares. Homebuilders gained ground while broader indices stayed flat, with energy costs and rising bond yields weighing on overall sentiment across the region.
- 2
Oman's space sector has expanded by 136%, now comprising 26 companies, according to a Zawya report. The sharp growth points to a rapid build-up of the sultanate's space industry, in line with Gulf states' broader push to diversify their economies beyond oil and develop high-tech sectors, though details on specific companies or projects were not given.