MUSCAT: The General Directorate of Criminal Investigation and Research in Muscat has apprehended an Arab national for possession and circulation of counterfeit foreign currencies. Authorities stated that the individual was involved in promoting the fake currencies by exchanging them for legitimate official currencies, posing a potential threat to financial security. The arrest reflects the ongoing…
MUSCAT: BankDhofar has been named the “Best Customer-Centric Banking Brand – Oman, 2025” at the 13th Annual Global Brand Awards, highlighting its dedication to placing customers at the heart of its operations. This recognition underscores the bank’s ongoing efforts to redefine service standards in the Omani banking sector, demonstrating its commitment to excellence in customer…
MUSCAT: The Swiss government has announced scholarship opportunities exclusively for Omani students aiming to pursue advanced academic research programs abroad. Unlike conventional scholarships, this initiative does not cover bachelor’s or master’s degrees but focuses on higher-level research and innovation-based studies. The program aims to strengthen academic collaboration and enhance the capabilities of Omani scholars in…
MUSCAT: The Ministry has announced the issuance of Ministerial Resolution No. 2025/143, published in Issue No. 1610 of the Official Gazette on Sunday, August 24, 2025. This resolution grants specific employees in North Al Batinah the authority to serve as judicial police officers within their designated jurisdictions. These officials are vested with the responsibility to…
MUSCAT: A recent case in Muscat underscores the critical role of the Consumer Protection Authority (CPA) in ensuring fair business practices and protecting consumer rights. The dispute originated when a consumer entered into an agreement with a company providing electricity, water, and telephone services to install fire-fighting equipment within an agreed timeframe. However, the company…
MUSCAT: The total value of real estate trading in Oman during 2024 stood at OMR 3.38 billion, according to the annual statistical report by the National Centre for Statistics and Information (NCSI). Muscat Governorate topped the list with a trading value of approximately OMR 1.25 billion, followed by North Al Batinah Governorate with OMR 877.80…
MUSCAT: SalamAir, Oman’s prominent low-cost airline, has introduced its exciting “Breaking Fares” campaign, offering travelers a unique opportunity to explore multiple destinations at incredibly affordable prices. With fares starting as low as OMR 19.99, the initiative aims to make air travel more accessible to a wide range of passengers while reinforcing the airline’s position as…
MUSCAT: The Ministry of Commerce, Industry and Investment Promotion has unveiled several significant initiatives aimed at enhancing the business climate and encouraging investment across the Sultanate. Central to these efforts is the Golden Residency program for investors, designed to attract long-term foreign investment and provide residency benefits to qualified individuals. This initiative reflects Oman’s commitment…
MUSCAT: The Muscat Stock Exchange (MSX) demonstrated continued resilience last week as its main index advanced by 30 points, closing at 4,960. This marks the ninth consecutive week of gains for the MSX despite uneven performances across various sectoral indices. Analysts attribute the overall upward trend to investor confidence bolstered by stable economic indicators, encouraging…
MUSCAT: Conventional commercial banks in Oman posted steady and positive growth between June 2024 and June 2025, reflecting the resilience and stability of the country’s banking sector. The latest data highlights a notable increase in credit balances, investments, and deposits, signaling sustained economic confidence among individuals, businesses, and institutions. This upward trend comes despite the…
