Foreign Minister Abbas Araghchi, who briefly spoke face-to-face with Trump's special envoy Steve Witkoff during the indirect meeting in Oman, said the talks would resume next Saturday.

Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial Revolution (C4IR) launching in 2025. Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed. The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global...

Muscat, Oman – Oman on Tuesday launched its New Nation Brand at the World Economic Forum in Davos in an effort towards enhancing the country’s global image.   “The launch of the New Oman Nation Brand at Davos represents Oman's commitment to the world as a cooperative and trustworthy partner,”...

MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window, introduced the first of its kind Islamic Money Market Fund in the Sultanate. ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional...

Net profit grew by 13.1 percent compared to 2022

MUSCAT, OMAN – The Central Bank of Oman (CBO) has announced that the total issuance of Treasury Bills amounted to US$181 million (RO 70 million) this week. According to the Oman News Agency (ONA), the value of the allotted Treasury Bills amounted to US$12.9 million (RO 5 million) for a...

MUSCAT, OMAN - Omani banks listed on the Muscat Stock Exchange (MSX) recorded net profits of US$1.17 billion (RO453.5 million) in 2023, up 18.6 percent from US$992 million (RO382.3 million) in 2022. According to the Oman News Agency, the banking sector benefited from several local economic indicators in 2023, including...

MUSCAT, OMAN - As part of its ongoing efforts to support the Islamic banking industry, ahli Islamic signed a Memorandum of Understanding (MoU) with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The primary goal is to reinforce collaboration in capacity building within ahli Islamic and foster the...

MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk Series 7 issuance on behalf of the government. The Sukuk-Al-Ijara structure has a seven-year maturity and was conducted through private placement to sophisticated investors in Oman. The issuance has been...

Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information (NCSI). The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors. Maritime freight was at the forefront, commanding a significant 54.8 percent share of all...

Muscat, Oman - The Sultanate of Oman's producer price index (PPI) in Q3 2023 recorded a decrease of 13 percent compared to Q3 2022, according to data issued by the Omani National Centre for Statistics and Information (NCSI). The statement explained that the prices of oil and gas products decreased...

Muscat, Oman--Annual inflation of Oman has shot up 0.82 percent in August as against 2.4 percent in the same month of last year, according to the country’s National Center for Statistics and Information.  But compared with the previous month, Oman’s inflation rate sunk to its lowest level in 28 months...

Muscat, Oman-- Oman's inflation rate increased by 2.8 percent in 2022 as the consumers price index (CPI) registered 109.7 points compared to 106.7 points in 2021. According to the data issued by the National Centre for Statistics and Information (NCSI), there was a rise in the prices of main groups...

NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the “Delhi Declaration” at the conclusion of the sixth India-Arab Partnership Conference in New Delhi, local media reports said. The Declaration asserted that “India and the Arab countries are witnessing a...

Deal will provide firm access to capital in dual currencies.

Muscat, Oman--Oman's gross domestic product (GDP) at constant prices recorded an increase of 4.7 per cent to reach $22.59 billion at the end of the first quarter of 2023. The GDP at constant price was $21.71 billion in the first quarter of 2022, according to the initial data issued by...

MUSCAT, OMAN - Oman announced the seizure of over six million captagon pills during a bust aided by Saudi Arabia that resulted in the arrest of a smuggling network. "In cooperation with Saudi authorities", police in the sultanate tracked and ambushed an "international network that was smuggling large quantities of drugs...

ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...

MUSCAT, OMAN - Oman’s economic growth is expected to rebound to 2.7 percent in 2024 but will slip in 2023 to 1.3 percent, the International Monetary Fund (IMF) said on Monday. The projections reflect the oil production cuts by OPEC+, moderate growth in the non-hydrocarbon sector and a slowdown in...

Muscat, Oman - The small and medium-sized enterprises (SMEs) are playing a critical role in ushering in Oman's shift towards a low carbon economy, a report released by Tejarah Talks has revealed. The report highlights the significance of eco-innovation, eco-adoption, and eco-entrepreneurship in harnessing the potential of SMEs to contribute...

Muscat, Oman - India and Oman trade in 2022 reached $9.98 billion reflecting the deepening economic and commercial ties between the two nations.  The nearly 90 percent growth in trade compared to the previous year highlights the strong demand for Indian goods and services in Oman, coupled with growing investment...

One Dane and two Austrian-Iranian citizens released from detention by Tehran arrived in their home countries, after the latest in a series of prisoner swaps. The three Europeans had landed at Melsbroek military airport just outside Brussels. They had flown there from Muscat, the capital of Oman which helped broker...

Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to a nuclear deal reached in 2015. Stop-start talks began in April last year to restore the deal, after the US unilaterally withdrew from it in 2018, prompting Tehran to roll back...

Tehran, Iran-- Oman is keen to improve the military and defense ties with Iran in order to ensure the security of the Strait of Hormuz and the Sea of Oman. This was stated by Sultan of Oman Haitham bin Tarik in a meeting in Muscat on Tuesday with the visiting...

MUSCAT, OMAN  -   Oman Ministry of Commerce, Industry and Investment Promotion on Sunday  issued an order to regulate the activities of consumer cooperatives. The order aims at promoting Omani products, establishing new supply chains, supporting national industries, developing governorates and providing new investment opportunities. The regulation consummates the "National Product...

Nearly a decade of war in Yemen has claimed hundreds of thousands of lives, both directly and indirectly, and triggered what the United Nations has called the world's worst humanitarian crisis. The Huthis seized the capital Sanaa in 2014, triggering the conflict with the government backed for eight years by...

MUSCAT, OMAN -  UAE Minister of Education Dr. Ahmad Belhoul Al Falasi and Oman Minister of Education Dr. Madiha bint Ahmed Al Shaibaniyah discussed advancing the cooperation between the two countries in the education sector.   The meeting was held in Muscat and aimed at boosting the coordination and cooperation...

The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years.

Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the digital economy of the Gulf Cooperation Council (GCC) region is advancing at a rapid and significant pace, noting its major importance to GDP. He noted the importance of promoting cooperation...

MUSCAT, OMAN - The inflation rate of Consumer Price Index in Oman reached 2.4 percent during September 2022. A monthly consumer price survey report by National Center for Statistics and Information said this. The report noted prices of education group increased by 5.1 percent, while prices of health group and...

The profit for the same period in 2021 was 538,832 OR.

A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.

Abu Dhabi, UAE---The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) signed a memorandum of understanding (MOU) on Wednesday to exchange visions and experiences between the two parties in various fields of common interest. The MOU aims to enhance cooperation and information sharing in a number of...

The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and regional markets.

Muscat, Oman - The value of trading on the Muscat Stock Exchange increased last week to 9.6 million Omani riyals ($25m), compared to 9.1 million riyals ($23.65m) in the previous week, recording a growth of 5.5 percent. This rise came at a time when investors tended to diversify their portfolios,...

Footage aired by Omani TV showed smoke billowing from the plane, which had been taxiing for departure for Kochi in India's south, as passengers streamed across the tarmac. Some of the 141 passengers received "minor bruises", the airline said

Originally scheduled to take place in Australia and then India, before being chased out of both by Covid-19, the seventh edition of the event begins with a double-header at the 3,000-seat venue outside Muscat. Later Sunday, Bangladesh face Scotland before Ireland, Namibia, Netherlands and 2010 champions Sri Lanka join the...

The grass pitches of the 3,000-seat Al Amerat site are a long way from the days when cricket was first played in the sultanate, often on waste ground.

India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’

The meeting was held on Monday at the premises of the OCCI in Muscat.

The Mall of Oman is said to be the country’s largest complex of its kind.

The network, which will link the cities of Ruwi and Muttrah to the airport and Seeb,  is part of the Oman National Spatial Strategy, a blueprint that looks at the planning of Oman’s cities for the next 20 years.

Opening marks firm's second Middle East location after Dubai and makes it the only international insurance-focused law firm in the country The Muscat office launch is in response to growing client demand in the Middle East UK-headquartered insurance focused law firm Kennedys has strengthened its presence in the Middle East...