MUSCAT: Oman Arab Bank has marked a significant milestone by raising its authorised capital to OMR 500 million and increasing its paid-in capital by an additional OMR 50 million through a well-executed rights issue. This capital enhancement reflects the bank’s strategic vision to fortify its financial standing and expand its ability to support national economic…
MUSCAT: A groundbreaking geological discovery has placed Oman at the forefront of Earth science research with the identification of the Dani plume, an amagmatic mantle plume deep beneath the Salma Plateau. Unlike typical volcanic plumes in places like Hawaii or Iceland, this “phantom” plume does not cause eruptions or leave any surface evidence but instead…
MUSCAT: In response to recent developments and heightened tensions within the region, Oman Air has announced the suspension of its flights to several destinations across the Gulf Cooperation Council (GCC). The decision comes as part of the airline’s proactive measures to prioritize the safety and security of passengers and crew. Oman Air emphasized that this…
MUSCAT: In response to recent developments and heightened tensions within the region, Oman Air has announced the suspension of its flights to several destinations across the Gulf Cooperation Council (GCC). The decision comes as part of the airline’s proactive measures to prioritize the safety and security of passengers and crew. Oman Air emphasized that this…
MUSCAT: Oman Air has announced the temporary suspension of its flights to Doha, Dubai, Manama, and Kuwait as a precautionary measure amid rising regional tensions. The national carrier emphasized that the safety of passengers and crew remains its utmost priority and that this proactive decision aligns with its commitment to maintaining the highest operational safety…
MUSCAT: Carriers such as Air India Express and IndiGo have released travel advisories alerting passengers about potential flight delays and cancellations due to operational disruptions and unforeseen challenges in various sectors. These advisories emphasize the airlines’ commitment to keeping travelers informed and minimizing inconvenience through proactive communication and timely updates. Passengers are strongly encouraged to…
MUSCAT: The Oman Meteorology Department has released an official weather alert warning residents and travelers about strong northwesterly winds anticipated to sweep through most governorates starting today. These winds are forecasted to persist until Wednesday evening, June 26, and could cause varying impacts depending on the region’s terrain and exposure. People living in open areas…
MUSCAT: The Oman Investment Authority (OIA) outlined notable strides in job creation and economic growth during its latest annual media briefing, offering insight into the performance and distribution of its three key portfolios — National Development, Generations, and the Oman Future Fund. Collectively, these portfolios span over 50 countries, with the Sultanate itself remaining the…
MUSCAT: Oman’s total workforce has shown only a slight increase of 0.2 percent compared to the same period last year, indicating a generally stable labour market despite sectoral and demographic fluctuations. Micro, small, and medium enterprises (MSMEs) continue to form the backbone of the country’s employment landscape. Micro-enterprises, which employ fewer than five workers, account…
MUSCAT: Several wilayats across Al Dhahirah Governorate experienced rainfall of varying intensity on Wednesday, providing much-needed precipitation to the otherwise arid region. The showers ranged from light drizzles to moderate rains, accompanied by occasional hail in certain areas, contributing to replenishing groundwater levels and supporting agricultural activities. The rainfall also revitalized local wadis, resulting in…
