Banks, bourse and FDI drive Oman’s 2026 budget Finance

Banks, bourse and FDI drive Oman’s 2026 budget

MUSCAT, JAN 5 Oman’s 2026 State General Budget may be judged less by its headline deficit and more by whether it can convert improving investor confidence into steady non-oil growth, as indicators tracked by leading brokerage firm United Securities show stronger banking activity, a sharp recovery in the Muscat Stock Exchange and rising foreign direct […]

How is the ‘One Team Initiative’ shaping government culture? National

How is the ‘One Team Initiative’ shaping government culture?

Muscat: The One Team Initiative for Government continues to represent a key national effort to strengthen a culture of collaboration, shared responsibility and impact-driven public service across the State’s Administrative Apparatus. Launched by the Royal Academy of Management with the Royal blessing of His Majesty Sultan Haitham bin Tarik, the initiative seeks to foster a […]

Musk to pay .5 million to settle Twitter takeover case Technology

Musk to pay $1.5 million to settle Twitter takeover case

 Tech billionaire Elon Musk is set to end a lawsuit by the US Securities and Exchange Commission (SEC) over his share purchases during his takeover of Twitter with a payment of $1.5million. Musk and the SEC agreed on the amount in a settlement disclosed on Monday that will be submitted to the assigned judge for […]

Major project to support carbon removal in Oman Business

Major project to support carbon removal in Oman

MUSCAT, JUNE 9 Trufud Oman, an Omani private-sector company focused on sustainable agriculture, food security and climate-positive investments, has unveiled an ambitious large-scale agricultural and environmental project in Hanfit, Thamrait, aimed at demonstrating how commercial farming can simultaneously support food production, environmental restoration and carbon management. Spanning approximately 10.5 million square metres (1,050 hectares), the […]

Banks eye Venezuela investment Finance

Banks eye Venezuela investment

NEW YORK/HOUSTON: The US involvement in Venezuela’s oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country and past involvement with international trade financing. A clutch of banks including JPMorgan and Citigroup have historically operated in the country, but reduced operations or […]

Oman Ferries carry over 250,000 passengers in 2025 National

Oman Ferries carry over 250,000 passengers in 2025

Muscat: The National Ferries Company, Oman’s national maritime transport operator, transported more than 250,000 passengers during 2025, recording an average of around 690 passengers per day, according to its latest periodic statistics. The company also carried over 64,000 vehicles and transported more than 27,000 tonnes of cargo across its network of maritime routes, reflecting steady […]

CEPA: Why India is betting on Oman Business

CEPA: Why India is betting on Oman

MUSCAT, JUNE 8 As the Oman–India Comprehensive Economic Partnership Agreement (CEPA) enters its first week of implementation, an interesting trend is emerging across Indian policy and business circles. Increasingly, the discussion is no longer focused on tariffs, customs procedures or market access. Instead, it is centred on Oman itself. For India, Oman appears to be […]