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 […]
Retirement planning might seem like a thoroughly modern concern, with pensions, investments and annuities forming part of today’s financial toolkit. But these financial tools are much older than they appear. In the later Middle Ages, people were already exchanging lump sums for steady income streams – and, in cities like Vienna, these arrangements underpinned entire […]
The operational and financial performance of Money Exchange Establishments (MEEs) in the Sultanate of Oman continued to evolve in 2024, reflecting the ongoing transition amid rising digitalization. According to the Financial Stability Report 2025, key performance indicators such as profitability and revenue experienced notable declines. Sector-wide profits contracted sharply by 62.8 percent, despite a more moderate 6.1 percent […]
