Anthropic, the AI firm and rival of ChatGPT developer OpenAI, may soon become a publicly traded company, allowing people to buy shares in it. The company said on Monday it had confidentially submitted a draft registration statement for an initial public offering to the US Securities and Exchange Commission (SEC). This means that business information […]
NEW YORK: As SpaceX prepares for its record-breaking $75 billion market debut, Wall Street traders, brokers and exchanges are racing to ensure their systems can handle the blockbuster initial public offering and avoid the chaos that marred other high-profile listings. The troubled 2012 debut of Facebook still weighs heavily. That listing was disrupted by technical […]
MUSCAT: Alizz Islamic Bank hosted a workshop on capacity building in climate finance for Omani banks at its headquarters on Tuesday. The event was organised by the International Finance Corporation (IFC), a member of the World Bank Group, in cooperation with the Oman Banks Association. The workshop focused on global trends in climate finance, priority […]
The effective collapse of the Future Combat Air System (FCAS) fighter jet programme is a major setback for European defence cooperation. France, Germany and Spain have spent nearly a decade trying to develop what was intended to become Europe’s premier next-generation combat aircraft, only for the programme to succumb to disputes over leadership, the distribution […]
MOHAMMED AL SAADI IBRA, JUNE 10 Mahmoud bin Yahya al Thuhli, Governor of Al Sharqiyah North, said that the total cost of strategic projects included in the governorate’s Tenth Five-Year Plan exceeds RO 183 million, spanning the health, roads, housing, industry, public services and recreation sectors. During a media briefing, the governor explained that among […]
He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet’s first trillionaire. Forbes magazine on Tuesday estimated Musk’s net worth at nearly $835 billion, as compared with $342 billion in its annual rich list in March 2025. He is […]
SUHAR: The Youth Center, in partnership with SOHAR Port and Freezone, has concluded the Sustainability and Renewable Energy Programme. The programme included the participation of 50 young men and women, comprising graduates of scientific and engineering disciplines as well as entrepreneurs interested in clean energy and sustainability. It was held during the period from April […]
BUSINESS REPORTER MUSCAT/LUANDA, APRIL 20 In line with the objectives of Oman Vision 2040, aimed at economic diversification and strengthening the Sultanate of Oman’s international investment footprint, the African Bank of Oman (ABO) has officially launched in Luanda, Angola. Positioned as a specialised financial platform, the bank supports trade and investment flows between Africa and […]
In the last few years, the hype around artificial intelligence has become stratospheric. Riding a wave of venture capital, tech leaders promised us AI would revolutionise work, boost productivity and lead to incredible new breakthroughs. OpenAI, the creator of ChatGPT, set a new record when it attained US$110 billion in investments several months ago – […]
MUSCAT: The Royal Decree No. 62/2026 issued recently, introducing amendments to certain provisions of the Cultural Heritage Law, reflects the growing importance the Sultanate of Oman places on protecting its tangible and intangible cultural heritage, while enhancing its standing both locally and internationally. The move is part of broader efforts to reinforce the legal framework […]
