MUSCAT: Credit Oman has achieved a 5.4% growth in its overall performance for the year 2024, marking a significant milestone in the country’s export and sales sectors. The company’s total insured exports and local sales reached RO 376.4 million, up from RO 356.9 million in 2023. This positive growth highlights the resilience and competitiveness of…
MUSCAT: Oman’s broad money supply (M2) showed a significant growth of 8.1% year-on-year, reaching a total of RO 24.9 billion by December 2024. This marks a notable increase, reflecting the continued expansion of the country’s financial system. The growth in M2, which includes currency in circulation and various types of deposits, signals a positive shift…
MUSCAT: This week, multiple regions in Oman have experienced temperatures surpassing 40°C, a clear indication that summer is fast approaching. The unusually high temperatures have drawn attention from both local residents and authorities, highlighting the intensity of the coming seasonal shift. These temperature spikes, typically expected later in the year, have arrived earlier than usual,…
MUSCAT: HH Sayyid Theyazin bin Haitham Al Said, Oman’s Minister of Culture, Sports, and Youth, is set to inaugurate the Sultanate’s pavilion at Expo 2025 in Osaka, Japan. This global event, themed “Designing Future Society for Our Lives,” will feature the most innovative and sustainable ideas to shape the future. Oman’s participation reflects its commitment…
UAE: The weather in the UAE is expected to remain generally clear with some clouds intermittently appearing throughout the day. Residents can expect mostly sunny skies, but the occasional clouds may result in periods of partly cloudy conditions. In addition to this, there will be chances of occasional dust, which may reduce visibility in certain…
MUSCAT: Students with outstanding fees may face serious consequences regarding their educational and administrative access. These fees, which often include tuition, library access, and student services, are crucial for maintaining the university’s operations. Failure to meet payment deadlines may result in the suspension of services, hindering the students’ ability to complete necessary tasks related to…
SAUDIA ARABIA: The Saudi Geological Survey (SGS) has detected a minor earthquake in the Arabian Gulf, registering low seismic activity. The tremor, which occurred in the early hours of the day, was identified by the SGS monitoring systems as having a magnitude that would not cause significant local impact. Authorities quickly assessed the situation and…
MUSCAT: A man in Oman has been sentenced to five years in prison after being found guilty of kidnapping a child and committing indecent assault. The crime, which took place in a residential area, shocked the local community and drew widespread attention. The court ruling reflects the severity of the crime and aims to send…
UAE: Financial analysts have projected that gold prices are likely to remain elevated in the coming weeks due to rising concerns over a potential escalation in global trade tensions. As a traditional safe-haven asset, gold tends to attract investors during periods of uncertainty, especially when trade disputes threaten to disrupt global economic stability and investor…
SOUTH AL BATINAH: In a swift and heroic response, three children were rescued from a near-drowning incident in South Al Batinah Governorate. The event unfolded at a local water body where the children, who were reportedly playing near the edge, fell into deep water. Nearby individuals quickly noticed the situation and immediately intervened, managing to…
