MUSCAT: The bank’s recent initiative to launch a green financing program underscores its commitment to environmental stewardship by providing preferential funding rates for projects that reduce carbon emissions and promote renewable energy. By allocating a dedicated sustainability fund, the institution is enabling businesses and municipalities to invest in solar, wind, and waste-to-energy solutions, accelerating the…
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…
IRAN: Tech giant Meta has expressed concerns that Iran might move to block access to WhatsApp following accusations broadcast by Iranian state media claiming that the messaging platform has been exploited by Israel for espionage activities. Meta, which owns WhatsApp, has denied the allegations, reiterating its commitment to user privacy and secure communication. The company…
MUSCAT: The Consumer Price Index (CPI) in Oman recorded an increase of 0.6 percent in May 2025 compared to the same month in the previous year. This rise reflects gradual inflationary pressures within the Sultanate’s economy, influenced by a combination of global commodity prices, supply chain dynamics, and local demand factors. The CPI serves as…
MUSCAT: The Shura Council’s Youth and Human Resources Committee held a significant meeting with His Excellency Mohsen Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, as part of its ongoing efforts to monitor and support employment and Omanisation initiatives across the Sultanate. This engagement reflects the Council’s dedication to ensuring effective collaboration…
MUSCAT: Oman recorded notable fiscal surpluses and demonstrated significant economic resilience throughout 2024, as highlighted by the World Bank’s latest assessment. These positive outcomes are largely attributed to the Sultanate’s ongoing efforts to diversify its economy beyond oil dependency, implementing comprehensive fiscal reforms, and enhancing revenue streams from non-oil sectors. The government’s strategic initiatives have…
MUSCAT: His Majesty Sultan Haitham bin Tarik and His Majesty King Abdullah II of Jordan have jointly called for immediate de-escalation amid growing regional tensions, emphasizing the urgent need for diplomatic solutions to prevent further instability. Their appeal reflects the deep commitment of both nations to regional peace and security, especially in light of recent…
IRAN: Tech giant Meta has expressed concerns that Iran might move to block access to WhatsApp following accusations broadcast by Iranian state media claiming that the messaging platform has been exploited by Israel for espionage activities. Meta, which owns WhatsApp, has denied the allegations, reiterating its commitment to user privacy and secure communication. The company…
MUSCAT: The Sultanate of Oman has issued an official statement strongly urging for an immediate and comprehensive de-escalation in response to recent military actions by the United States. Oman warned that these actions risk expanding the conflict further and pose a profound threat to regional and global stability at a time when diplomatic engagement is…
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…
