MUSCAT: The Central Bank of Oman (CBO) has introduced a pioneering electronic system designed to provide Sharia-compliant liquidity management tools for Islamic banking institutions. The initial phase features the launch of Qard Hasan and Restricted Mudaraba instruments, aimed at injecting liquidity in Omani riyals into the banking sector. These instruments were carefully reviewed and approved…
MUSCAT: Meteorological forecasts indicate that Oman will experience cloud formations at varying altitudes over the coming days, affecting most regions of the country. These clouds are expected to develop gradually, with the potential to trigger scattered rainfall in certain areas. Weather authorities have highlighted that the intensity and distribution of precipitation may vary depending on…
MUSCAT: Muscat International Airport, the nation’s primary air hub, recorded a total of 7.45 million passengers up to July 2025, reflecting a 1.5% decrease compared to the 7.57 million travelers during the same period in 2024. The airport also experienced a 5.9% decline in flight movements, with 53,170 operations versus 56,498 last year. Analysts attribute…
MUSCAT: The hotel sector in Oman has shown significant growth, with revenues rising by 17.4 percent to reach RO 155.615 million by the end of July 2025, compared to RO 132.553 million during the same period last year. This growth reflects increased demand for hospitality services and a rebound in tourism activity across the Sultanate….
MUSCAT: Authorities in Oman have confiscated a large quantity of expired and fraudulent paint products as part of their intensified campaign against commercial fraud and consumer safety violations. The inspection uncovered expired paints, products with erased or manipulated expiry dates, and unsafe powder materials being sold in local markets. These actions reflect the Authority’s strong…
MUSCAT: The General Federation of Oman Workers (GFOW) has reaffirmed its role in supporting workers by resolving disputes, offering legal consultations, and addressing the challenges posed by current economic conditions. According to the report, the Federation managed eight cases related to worker support, involving both individual and collective complaints. Out of these, three cases were…
MUSCAT: The Sultanate of Oman and the Republic of Estonia convened a round of political discussions in Muscat, led by Sayyid Badr Hamad Al Busaidi, Foreign Minister of Oman, and Margus Tsahkna, Minister of Foreign Affairs of Estonia. The talks highlighted the strong bilateral relations between the two nations and focused on enhancing cooperation across…
MUSCAT: The Consumer Protection Authority (CPA) has successfully resolved a dispute in Sohar involving a consumer and a vehicle sales agency. The case stemmed from a contract in which the consumer agreed to purchase a vehicle with specific terms and conditions. However, after completing the agreement, the consumer discovered that the vehicle being delivered did…
MUSCAT: The Royal Oman Police confirmed the arrest of two individuals linked to house thefts in separate governorates. In North Al Batinah, officers detained a suspect accused of breaking into three residences in the wilayats of Sohar and Saham. Items reported stolen included gold jewellery and cash, highlighting the targeted nature of these crimes. Meanwhile,…
MUSCAT: The Directorate General of Khoula Hospital has announced the launch of three major healthcare initiatives under the slogan “We Continue: Renewed Initiatives, Advanced Care.” These initiatives aim to advance specialized surgical care and address growing demands in critical medical fields. The programs include performing 1,000 endoscopic orthopedic surgeries focusing on the shoulder, knee, and…
