Company fined RO50,000, assets confiscated over money laundering National

Company fined RO50,000, assets confiscated over money laundering

Muscat: The Sultanate of Oman has reaffirmed its commitment to combating money laundering, following a recent court ruling that imposed stringent penalties on a company convicted of money laundering. In a statement, the Public Prosecution said the Muscat Court of Appeal (Criminal Circle) issued a judgment, convicting the company of a money laundering offence. The […]

Oman, Jordan launch RO 38.5m joint investment company Business

Oman, Jordan launch RO 38.5m joint investment company

Muscat: Oman Investment Authority (OIA) and Jordan’s Social Security Investment Fund (SSIF) have signed an agreement to establish an Omani-Jordanian investment company with a capital of RO 38.5 million, marking the beginning of a new era of joint investment cooperation between the two countries and further strengthening their long-standing historical ties and growing economic relations. […]