MUSCAT: The Oman Investment Authority (OIA) has announced its investment in Golden Gate Ventures, a Singapore-based investment fund focused on startups in the Middle East. The fund, with a capital of USD 100 million, aligns with the Omani government’s vision to foster entrepreneurship, stimulate innovation, and attract foreign investments. By partnering with this fund, OIA…
USA: Pope Francis’ health has taken a significant turn for the worse over the past 24 hours, according to an official Vatican statement. The 88-year-old pontiff, who has been hospitalized for over a week due to breathing difficulties, is now in a critical condition, requiring close medical observation. Reports indicate that he has experienced a…
ISLAMABAD: Pakistan is on the verge of a significant real estate expansion, driven by a severe housing shortage of over 12 million homes. The rapidly growing population, coupled with increased urban migration, has intensified demand for affordable housing, creating lucrative opportunities for developers and investors. Government incentives and policy reforms aim to accelerate growth in…
AUSTRAILIA: In a thrilling display of cricket, a team achieved the highest-ever successful run chase in ICC tournament history, marking a monumental moment in the sport. The record-breaking performance left fans in awe as the team demonstrated remarkable resilience, strategic play, and sheer determination to reach the target. This incredible feat has now set a…
MUSCAT: The Experience Oman Muscat Marathon 2025 concluded today, marking another successful edition of the internationally recognized race. The event attracted thousands of participants from across the globe, reinforcing Oman’s growing reputation as a premier destination for sports tourism. Runners of all skill levels, from elite athletes to amateur enthusiasts, took part in various race…
MUSCAT: His Majesty Sultan Haitham Bin Tarik has sent congratulatory cables to the leaders of Brunei Darussalam, Japan, and Guyana on the occasion of their respective National Days. The messages conveyed His Majesty’s sincere greetings and best wishes for the prosperity and well-being of their nations and people. These exchanges of congratulations reflect the strong…
MUSCAT: The Muscat Stock Exchange (MSX) recorded a significant 26.3% increase in trading value last week, reaching RO 20.6 million compared to RO 16.3 million the previous week. This surge reflects growing investor confidence and increased market activity, with several sectors witnessing heightened trading volumes. The rise in trading value is seen as a positive…
CHINA: China delivered a dominant performance against Oman, securing a 4-1 victory in their latest match at the FIH Hockey Men’s Nations Cup 2. This marks China’s second win in the tournament, further solidifying their position as a strong contender. From the opening whistle, China showcased superior ball control, tactical discipline, and attacking prowess, putting…
SOHAR: Sohar Port and Freezone has started work on deepening its navigation channel to support the Marsa LNG project, a transformative $1.6 billion initiative aimed at positioning Oman as the first LNG bunkering hub in the Middle East. This strategic development will enhance the port’s capacity to accommodate larger vessels, boosting its role as a…
RAS AL KHAIMAH: Ras Al Khaimah Police has intensified its efforts to educate truck drivers and road users about the regulations governing heavy vehicle movement in the emirate. This initiative aims to improve road safety, reduce traffic violations, and minimize accidents involving trucks. Authorities emphasize that strict adherence to designated truck routes, restricted timing zones,…
