MUSCAT: His Excellency Abdullah bin Salem Al Salmi, CEO of the Financial Services Authority (FSA), confirmed that new sustainability standards issued by the International Sustainability Standards Board in June 2023 will become mandatory for all private sector institutions applying full financial reporting standards by 2029. This milestone reflects a significant step in aligning Oman’s financial…
MUSCAT: The two-day camel racing event in Muscat drew remarkable attention, featuring 682 camels from across the Sultanate in an exciting blend of tradition, endurance, and speed. The event showcased Oman’s rich heritage of camel racing while highlighting the dedication of trainers, owners, and competitors who invest significant effort into preparing their camels for such…
MUSCAT: His Majesty Sultan Haitham Bin Tarik extended heartfelt greetings and sincere wishes of progress and prosperity to the leaders and citizens of Armenia, Malta, and Belize, marking an important expression of Oman’s friendly ties with these nations. His message highlighted Oman’s commitment to supporting the aspirations of these countries as they strive for sustainable…
MUSCAT: Oman’s real estate market witnessed robust growth in the latest period, with the residential sector driving most of the gains. Villa prices surged by 17.6 percent, making them the strongest performers, while residential land prices rose 11.3 percent. Apartment values increased 9.7 percent, and other types of homes edged higher by 1.7 percent. Analysts…
MUSCAT: Oman’s Kingfish import data for the recent period highlights Yemen as the leading supplier, with shipments valued at RO 205,169. This trend reflects longstanding trade relationships and logistical channels between Oman and Yemen, allowing for consistent access to high-quality Kingfish that meets local demand. The strong import figures from Yemen also underscore the Sultanate’s…
MUSCAT: His Majesty the Sultan, the Supreme Commander, visited the Royal Army of Oman’s Firaq Forces command at Ngour Sahalnoot Camp in the Governorate of Dhofar, marking a significant moment in the Sultanate’s military development. The visit included a detailed review of the newly inaugurated Firaq Forces command building, which reflects Oman’s ongoing investment in…
MUSCAT: His Excellency Sheikh Khalifa bin Ali Al Harthy, Undersecretary of the Ministry of Foreign Affairs for Political Affairs and Chairman of NCCHT, highlighted that the new legislation reflects Oman’s commitment to protecting society from threats that could undermine security and stability. The law aims to create a safe environment for residents and citizens by…
MUSCAT: Oman has achieved a remarkable fourth-place ranking worldwide in a recent report assessing residents’ sense of safety, particularly during nighttime hours. Scoring 91 points in the “Law and Order” index, the Sultanate’s strong performance reflects its commitment to maintaining high security standards for citizens and residents alike. This recognition underscores the effectiveness of Oman’s…
MUSCAT: Oman will aim to finish their maiden ACC Asia Cup campaign on a positive note when they take on world champions India in their final Group A fixture at the Sheikh Zayed Stadium in Abu Dhabi. After consecutive defeats against Pakistan and the UAE, Oman’s hopes of progressing to the Super 4s have been…
MUSCAT: Families in Muscat are increasingly feeling the pressure of back-to-school expenses, as costs continue to rise beyond basic tuition fees. Salim Mahrouqi, a father of three, highlights that uniforms, school supplies, transportation, technology devices, and extracurricular activities have become significant financial burdens. Parents estimate that expenses per child, excluding school fees, can range from…
