Blogs

GCC’s Rising Non-Oil Economic Contributions

MUSCAT: Recent data from the GCC Statistical Centre highlights a notable shift in the regional economic landscape, with non-oil activities now comprising 70.6% of the Gulf Cooperation Council’s gross domestic product at constant prices by the conclusion of the fourth quarter of 2024. This substantial proportion reflects a broader commitment across GCC member states to…

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Modern Farming Advancements In Oman

MUSCAT: Oman is rapidly embracing contemporary agricultural technologies as part of its national strategy to enhance food security and sustainability. Across various governorates, farmers are adopting protected farming techniques such as greenhouses and net houses, which shield crops from harsh environmental conditions while enabling them to grow high-value vegetables and fruits. These controlled environments help…

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Krasheninnikov Volcano Erupts After 600 Years In Kamchatka

RUSSIA: For the first time in six centuries, Russia’s Krasheninnikov volcano has erupted following a powerful 8.8 magnitude earthquake that rocked the Kamchatka Peninsula. The sudden awakening of the long-dormant stratovolcano has captured the attention of scientists and emergency agencies, who are now closely monitoring seismic and volcanic activity in the region. Satellite images and…

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FSA Warns Against Unauthorised Vehicle Insurance Premium Increases

MUSCAT: Oman’s Financial Services Authority (FSA) has clarified that no insurance company has been authorised to raise premiums on mandatory third-party vehicle insurance, following reports of price hikes by certain providers. In its latest public statement, the regulator firmly reiterated its position that any adjustments to compulsory insurance charges must receive explicit prior approval from…

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