MUSCAT: The Muscat Stock Exchange (MSE) experienced a significant surge in market value last week, gaining RO 537.4 million to reach RO 12.41 billion. This sharp increase was primarily driven by the successful listing of Asyad Shipping Company, which attracted considerable investor interest. The listing of such a prominent company added significant value to the…
MUSCAT: Oman has made substantial strides in improving its global competitiveness, with notable advances in various international indices. The country has gained 20 places in the Corruption Perceptions Index, reflecting its continued efforts to combat corruption and strengthen governance. This improvement highlights Oman’s commitment to enhancing transparency and accountability within both the public and private…
MUSCAT: Oman has taken significant steps in reinforcing its economic landscape by curbing harmful market practices and enhancing its competition protection framework. The country has recognized the importance of maintaining a fair and competitive business environment, ensuring that monopolistic behaviors do not hinder growth. Authorities have introduced stricter regulations and enforcement mechanisms to prevent anti-competitive…
MUSCAT: Sheikh Salim Al Wahaibi, the outgoing chairman of the Oman Football Association (OFA), expressed his gratitude during the Annual General Assembly meeting held on Saturday. Addressing the board members, club representatives, and football enthusiasts, he acknowledged their unwavering support throughout his nine-year tenure. He highlighted the collective efforts that contributed to the development of…
MUSCAT: The Sultanate of Oman has made a significant leap in the Corruption Perceptions Index, advancing 20 ranks to secure the 50th position globally among 180 countries. This remarkable improvement reflects the nation’s ongoing efforts to enhance transparency, strengthen governance, and combat corruption at various levels. Over the years, Oman has implemented a series of…
MUSCAT: The total value of merchandise exports has reached an impressive OMR24.230 billion, marking a significant milestone in the country’s trade and economic performance. This increase reflects the strong demand for locally produced goods across international markets, driven by various factors, including favorable trade agreements, competitive pricing, and high-quality standards. The surge in exports is…
USA: A new space mission is set to launch, carrying four crew members to the International Space Station (ISS). This mission, a collaboration between international space agencies, aims to support ongoing scientific research and technological advancements in low Earth orbit. The crew will embark on a journey aboard a cutting-edge spacecraft, designed to ensure their…
MUSCAT: In a statement issued by the Royal Oman Police (ROP), the force emphasized the importance of adhering to the principles of morality and public decency in all aspects of society. The statement underlined the significance of maintaining a respectful and dignified public space, both in personal interactions and public conduct. The ROP’s call to…
WORLD: Gold prices have reached an unprecedented milestone, surging past $3,000 per ounce for the first time in history. This significant rise has captivated investors, traders, and analysts alike, as the precious metal continues to outperform other assets in uncertain economic conditions. Gold’s climb above this psychological barrier has been driven by a combination of…
MUSCAT: The Fak Kurbah initiative, now in its 12th edition, has made a significant impact by helping secure the release of 511 individuals burdened by financial debts across various governorates in Oman. The program aims to alleviate the financial struggles of individuals who are imprisoned due to their inability to repay debts. This year, the…
