MUSCAT: Total credit extended by conventional commercial banks in the Sultanate of Oman rose by 8.6 per cent by the end of October 2025, reflecting steady growth in banking activity, according to official data. Credit to the private sector increased by 4.4 per cent year-on-year to reach RO 21.6 billion, underscoring continued lending support to […]
The United States government is preparing a suite of events to celebrate “the most important milestone” in the country’s history: the 250th anniversary of the Declaration of Independence on July 4. One of the festivities planned is set to take place on June 14 (which is president Donald Trump’s 80th birthday) on the South Lawn […]
MUSCAT: The Majlis Ash’shura discussed a number of legislative, oversight and developmental topics during its twenty-first regular session of the third ordinary sitting of the tenth term. The items included the proposed draft law on sanctions and alternative penal measures, as well as the unified draft law on volunteer work in the GCC countries. The […]
Muscat: The data analytical company, TradingPlatforms, has highlighted the most heavily impacted regions and companies in the tech industry with layoffs. Data revealed that tech industry layoffs have now reached 93,038, following California-based social media company Meta’s announcement that it is cutting 8,000 positions as part of an efficiency-led restructuring and increased investment in AI infrastructure. The […]
MUSCAT, JUNE 9 The Ministry of Commerce, Industry and Investment Promotion (MoCIIP), represented by the Competition and Monopoly Prevention Centre, held a specialised two-day workshop to review the construction materials sector in the Sultanate of Oman, in cooperation with the United Nations Economic and Social Commission for Western Asia (ESCWA). The workshop brought together senior […]
Muscat: Sohar International said it has received the Central Bank of Oman’s initial approval to open a representative office in Hong Kong (HK), as the bank pushes to strengthen links with Asian markets and support clients with cross-border interests. The bank said the approval was granted on December 25, 2025, noting that the move […]
For football fans, the FIFA World Cup is so much more than sport. Every four years, it presents a unifying moment – bringing people together across the divides of language, culture and geography in a shared passion for the game. For hosting nations, the World Cup is often a soft power supercharger. Watched by billions […]
MUSCAT: His Majesty Sultan Haitham bin Tarik has issued a Royal Order appointing the members of the Board of Directors of the International Financial Centre of Oman (IFCO), a pivotal step in the Centre’s establishment that reflects His Majesty’s commitment to enhancing the Sultanate of Oman’s position on the global financial map. The Board shall […]
Musk is seeking to force his rivals in artificial intelligence (AI) development to revert to a non-profit foundation. Greg Brockman, co-founder and president of OpenAI, will face questioning from Musk’s lawyers on Monday in the Oakland courthouse. OpenAI CEO and co-founder Sam Altman, who in 10 years has gone from being Musk’s protege to a […]
MUSCAT, JUNE 9 The training workshop entitled “Enhancing the Export Performance of Omani Institutions” was launched today, organised by the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), represented by “Oman Exports”, in cooperation with the International Trade Centre (ITC). The workshop is attended by 30 participants from more than 25 Omani exporting companies. It […]
