More than 100 million years ago, a flying reptile called a pterosaur flew over the oceans hunting squid and fish. Much more recently, one of its wing bones was discovered in Brazil, transformed over the aeons into a fossil made of a complex assemblage of different chemicals and minerals. And in new research published in […]
Muscat: The total number of young people aged 15 to 34 years in the GCC countries reached approximately 23.5 million in 2024, representing 38.2 percent of the region’s total population. This group comprised 15.1 million males (64.5 percent) and 8.4 million females (35.5 percent). Young people in the GCC continue to consolidate their role as […]
MUSCAT, JUNE 16 Oman’s 870-megawatt Duqm gas-fired power plant has secured a $385 million engineering, procurement and construction (EPC) contract, advancing one of the Sultanate of Oman’s largest new power generation projects. South Korea’s Doosan Enerbility said it had signed the contract with Coastal Power SAOC, the project company established to develop the plant in […]
MUSCAT: The value of real estate transactions in Oman rose 13.4 per cent year-on-year to RO945.8 million by the end of April 2026, driven by stronger mortgage activity and higher property sales, according to figures released by the National Centre for Statistics and Information (NCSI). The total value of sales contracts reached RO 439.6 million […]
MUSCAT, JUNE 14 MUSCAT: The youth population across the GCC countries has reached approximately 23.5 million, accounting for 38.2 per cent of the total population, according to statistics released by the GCC Statistical Centre. The data, issued on the occasion of GCC Youth Day, observed annually on June 6, show that young people aged 15–34 […]
MUSCAT: Revenue generated by Oman’s three- to five-star hotels reached RO96.2 million by the end of April 2026, while total guest numbers stood at 696,911, according to data released by the National Centre for Statistics and Information (NCSI). The figures showed Omani nationals remained the largest group of hotel guests, with their numbers rising 3.5 […]
MUSCAT, JUNE 14 Oman’s cybersecurity market is projected to grow to $214.27 million by 2031, supported by digital transformation, data residency requirements and the expansion of locally developed cyber solutions, according to the Cybersecurity Market and Investment Report 2026. The report, prepared under the Ministry of Transport, Communications and Information Technology, Oman National CERT, Hadatha […]
MUSCAT: The Central Bank of Oman (CBO), acting on behalf of the Government of the Sultanate of Oman and the Ministry of Finance, has announced the launch of the 77th issue of Government Development Bonds (GDBs), valued at RO 80 million, with the possibility of an increase of up to RO 20 million. The bonds […]
MUSCAT: The value of insured domestic sales supported by Credit Oman exceeded RO 180 million by the end of 2025, highlighting the organisation’s growing role in safeguarding business transactions and supporting private sector growth across the Sultanate of Oman. According to data released by Credit Oman, Muscat Governorate accounted for the largest share of insured […]
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 […]
