MUSCAT, JUNE 18 The Central Bank of Oman (CBO) is preparing to appoint an international consultancy firm as an Independent Assessor to provide assurance and validation support for its Central Bank Digital Currency (CBDC) programme, marking a further step in the Sultanate’s digital finance transformation agenda. Submissions for the related tender close on June 28, […]
BUSINESS REPORTER MUSCAT, JUNE 17 The Central Bank of Oman (CBO) has announced a major reform of national payment system fees, removing charges on local digital fund transfers for individual customers and small and medium enterprises. The revised fee structure will take effect from July 1, 2026 and covers transactions made through the Real-Time Gross […]
Muscat: In line with the Royal Directives of His Majesty Sultan Haitham bin Tarik to enhance the efficiency of government and financial services, improve the business environment, advance digital transformation and stimulate economic growth, the Central Bank of Oman (CBO) has announced the implementation of comprehensive reforms to National Payment Systems fees. The reforms include […]
MUSCAT, JUNE 14 Approved digital platforms have emerged as a cornerstone in managing the Khareef Dhofar 2026 season amid a steady rise in visitor numbers and growing demand for regulated accommodation and tourism services. With Khareef Dhofar continuing to attract increasing numbers of tourists each year — surpassing one million visitors in recent seasons — […]
MUSCAT: A symposium on digital payments held in Oman highlighted the importance of enhancing the efficiency and speed of electronic transactions, expanding the availability of digital payment services across businesses and strengthening public awareness of safe payment practices. The event, organised by Bank Muscat in cooperation with the Central Bank of Oman (CBO), the Ministry […]
The Central Bank of Oman (CBO) said that the figures circulated in some circles on cash transactions in the Sultanate of Oman are not accurate. Official data with the Central Bank for the end of 2024 indicate that transactions conducted through digital channels in the Sultanate accounted for 87% of all executed transactions, while cash […]
MUSCAT, JUNE 13 With the accelerating digital transformation in the Sultanate of Oman, digital platforms have emerged as a key tool for empowering freelancers to expand their businesses and access new opportunities. This has made freelance work a vital contributor to the modern economy and a supporter of economic diversification efforts. The proceedings of the […]
Muscat: Petroleum Development Oman (PDO) has launched the second edition of its Hackathon, a three-day innovation challenge under its Ignite Digital Campaign 2026, aimed at developing digital solutions to improve business performance and support national development. The event brings together PDO employees, university students, jobseekers, technology enthusiasts and innovators to design prototypes focused on cost […]
The Sultanate of Oman has recorded a growth in the use of Digital Payment Methods by 2025, reflecting a Qualitative Shift in consumer behavior, and a significant growth in commercial activity and an increase in purchasing power, driven by the development of e-commerce and traditional infrastructure. Data issued by the Central Bank of Oman showed […]
