UAE: Ajman Police recently successfully dismantled a 15-member expatriate gang responsible for a large-scale phone scam operation. The suspects impersonated officials to steal victims’ banking details and personal information, using various deceitful tactics to exploit them financially. The criminals operated with prepaid SIM cards that had been registered using forged identities, further complicating efforts to…
MUSCAT: The Sultanate of Oman has expressed strong condemnation of the ongoing aggression by Israeli occupation forces on the Gaza Strip. This includes the deliberate burning of Kamal Adwan Hospital and the forced evacuation of patients and medical staff. Oman highlighted the blatant disregard for international calls demanding a ceasefire, the protection of civilians, and…
MUSCAT: Hussain Taha’s participation in the 2024 World Aquatics Short Course Swimming Championships in Budapest marked a significant milestone for Oman’s swimming community. As one of the first swimmers trained at a private club in Oman, Nautilus Swimming Club, Hussain competed on the global stage, showing the potential of private clubs in fostering world-class athletes….
SOUTH KOREA: A tragic plane crash in South Korea has claimed the lives of at least 85 people. The incident occurred when a Jeju Air flight, carrying 181 passengers and crew members, crashed during its final approach to land at Muan International Airport. The flight had been traveling from Bangkok to South Korea, and while…
MUSCAT: Oman has strongly condemned the recent attack by Israeli occupation forces on Kamal Adwan Hospital in the Gaza Strip. The hospital, a critical healthcare facility, was set ablaze during the attack, and patients, along with medical staff, were forcibly evacuated. This act of aggression further escalates the already dire humanitarian situation in the region,…
MUSCAT: Oman’s financial sector witnessed significant developments as narrow money surged by an impressive 24.8%, complemented by an 8.4% increase in quasi-money. Quasi-money, encompassing savings deposits, time deposits, certificates of deposit, margin accounts, and foreign currency deposits, was pivotal in driving this growth. Demand deposits notably increased by 33.2%, showcasing strong liquidity within the economy….
MUSCAT: The Muscat Stock Exchange (MSX) has been under pressure, with 37 securities recording price drops compared to only 18 showing gains. Despite strong financial performances earlier in the year, the index has struggled to sustain its momentum. The peak on May 30 at 4,845 points marked a brief high before the market faced challenges…
MUSCAT: The Central Bank of Oman’s recent data underscores the significant expansion of Islamic banking within the Sultanate. The financing balance provided by Islamic banks and windows surged by 13.8%, amounting to approximately RO 6.7 billion. This growth reflects the increasing demand for Sharia-compliant financial products and services among both individuals and businesses. The steady…
SAUDIA ARABIA: Mecca has experienced moderate to heavy rainfall in recent days, prompting local authorities to initiate comprehensive emergency protocols to safeguard residents and protect vital infrastructure. The rain, which coincided with the presence of pilgrims at the Kaaba, created a visually stunning and spiritually moving scene as worshippers raised their hands in prayer amid…
Ajman Police have announced a full closure of Al-Safiya Street to accommodate the route for the 5th Amina Hospital – Ajman Half Marathon. This closure will occur on Sunday, December 29, 2024, from 6:00 am to 8:00 am. Road users are urged to cooperate and use alternative routes to help ensure the smooth operation of…
