MUSCAT: Oman Arab Bank has marked a significant milestone by raising its authorised capital to OMR 500 million and increasing its paid-in capital by an additional OMR 50 million through a well-executed rights issue. This capital enhancement reflects the bank’s strategic vision to fortify its financial standing and expand its ability to support national economic…
MUSCAT: In response to recent developments and heightened tensions within the region, Oman Air has announced the suspension of its flights to several destinations across the Gulf Cooperation Council (GCC). The decision comes as part of the airline’s proactive measures to prioritize the safety and security of passengers and crew. Oman Air emphasized that this…
MUSCAT: According to the latest update from Oman Meteorology, residents should prepare for a relative increase in temperatures in the coming days due to active northwesterly winds sweeping across various regions of the Sultanate. This change is part of the seasonal transition typical during this period, where wind patterns shift and influence local climate conditions….
MUSCAT: The bank’s recent initiative to launch a green financing program underscores its commitment to environmental stewardship by providing preferential funding rates for projects that reduce carbon emissions and promote renewable energy. By allocating a dedicated sustainability fund, the institution is enabling businesses and municipalities to invest in solar, wind, and waste-to-energy solutions, accelerating the…
MUSCAT: The Oman Meteorology Department has released an official weather alert warning residents and travelers about strong northwesterly winds anticipated to sweep through most governorates starting today. These winds are forecasted to persist until Wednesday evening, June 26, and could cause varying impacts depending on the region’s terrain and exposure. People living in open areas…
MUSCAT: The Consumer Price Index (CPI) in Oman recorded an increase of 0.6 percent in May 2025 compared to the same month in the previous year. This rise reflects gradual inflationary pressures within the Sultanate’s economy, influenced by a combination of global commodity prices, supply chain dynamics, and local demand factors. The CPI serves as…
MUSCAT: His Majesty Sultan Haitham bin Tarik and His Majesty King Abdullah II of Jordan have jointly called for immediate de-escalation amid growing regional tensions, emphasizing the urgent need for diplomatic solutions to prevent further instability. Their appeal reflects the deep commitment of both nations to regional peace and security, especially in light of recent…
MUSCAT: The Sultanate of Oman has issued an official statement strongly urging for an immediate and comprehensive de-escalation in response to recent military actions by the United States. Oman warned that these actions risk expanding the conflict further and pose a profound threat to regional and global stability at a time when diplomatic engagement is…
MUSCAT: The Oman Investment Authority (OIA) outlined notable strides in job creation and economic growth during its latest annual media briefing, offering insight into the performance and distribution of its three key portfolios — National Development, Generations, and the Oman Future Fund. Collectively, these portfolios span over 50 countries, with the Sultanate itself remaining the…
MUSCAT: India has announced an ambitious plan to export electricity to Saudi Arabia and the United Arab Emirates via long-distance undersea cables. According to India’s power minister Manohar Lal Khattar, the planned subsea cable stretching 1,700 kilometers to Saudi Arabia will cost around INR470 billion (\$5.5 billion), while the 1,400-kilometer cable to the UAE will…
