MANILA: Sayyid Badr bin Hamad al Busaidy, Foreign Minister, met with Mohammad Ishaq Dar, Deputy Prime Minister and Foreign Minister of Pakistan, on the sidelines of his participation in the ministerial meeting marking 50 years since the signing of the ASEAN Treaty of Amity and Cooperation held in Manila. The meeting addressed bilateral relations between […]
MUSCAT: Oman’s banking sector is expected to remain resilient despite the ongoing conflict involving Iran, with the country’s lenders benefiting from favourable economic conditions, strong capital buffers and stable funding, according to a new assessment by Fitch Ratings. In a peer review of the country’s banking sector, the ratings agency said the impact of the […]
Muscat: The Sultanate of Oman is closely monitoring the latest developments in the Red Sea, underscoring the importance of avoiding escalation of any actions that could further aggravate the situation or jeopardise freedom of navigation. In a statement, Oman stressed the need to preserve regional stability and ensure the security of vital international maritime routes […]
AI will not trigger a collapse in employment despite concerns the technology will displace large numbers of workers, a study by staffing company Adecco Group showed on Thursday . Employers have cited AI as responsible for nearly a quarter of job cuts in the United States this year, global outplacement firm Challenger, Gray & Christmas […]
MUSCAT: Indian renewable energy developer ACME Group believes its expanding portfolio of long-term green fuel export agreements will create strategic synergies between its projects in India and Oman, as the company advances construction of its flagship green ammonia project at the Special Economic Zone at Duqm (SEZAD). The latest milestone follows the signing of two […]
MUSCAT: The Primary Court of Muscat (Criminal Circle) convicted the three defendants for committing the misdemeanour of using information technology (IT) to insult others, punishable under Article 16 of the Law on Combating Cybercrimes. The Public Prosecution’s investigations revealed that the first and second defendants published a video clip on social media, which included an […]
Al Wusta Governorate is strengthening investment across fisheries, ports, logistics and tourism as part of efforts to develop its blue economy and support Oman’s economic diversification strategy, according to the Ministry of Agriculture, Fisheries and Water Resources. The governorate is leveraging its extensive coastline, abundant marine resources and strategic location to build an integrated maritime […]
Muscat: His Majesty Sultan Haitham bin Tarik sent a cable of congratulations to President Abdel Fattah al-Sisi, President of the Arab Republic of Egypt on the anniversary of the July 23 revolution. His majesty expressed his best wishes for the President and brotherly Egyptian people regarding this glorious memory, praising the depth of the historical […]
OpenAI said Tuesday that its advanced artificial intelligence models had gone rogue during security testing, hacking into a popular platform for programmers on their own. The San Francisco firm called it an “unprecedented cyber incident” and said it would conduct a joint investigation with the online code library Hugging Face. AI models that underpin tools […]
The official price of Omani Crude for September delivery reached $89. 51 on Wednesday, an increase of $7.72 compared to yesterday’s price of $81.79 yesterday. It may be noted that the monthly average price of Omani Crude for July delivery reached $102. Oil rose in Asian trade Wednesday, with Brent crude hitting its highest price in more […]
