MUSCAT: In partnership with bp Oman, Sharakah will launch the sixth cycle of the Khazzan Project for SME Development, to support the growth of …
IMF Executive Board Concludes 2023 Article IV Consultation with Oman
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Oman.
National Bank of Oman announces strategic partnership with UnionPay to drive mobile payments
National Bank of Oman (NBO) and UnionPay International have entered into a strategic partnership to introduce contactless mobile payments in Oman. Under this strategic partnership, NBO will become the …
Iran seizes oil tanker involved in U.S.-Iran dispute in Gulf of Oman
In Washington, the Pentagon said Iranian forces unlawfully boarded the St Nikolas in the Gulf of Oman and forced it to change course toward Iranian territorial waters. The White House condemned …
Foreign tax credit available even if ‘taxes’ spared in Oman
The Supreme Court ruled that an Indian entity can claim foreign tax credit in India for taxes ‘spared’ in Oman. The term ‘incentive’ was undefined in both Omani and Indian tax laws, leading to a …
Oman sought-after choice for real estate investment
Demand for real estate in the Sultanate of Oman has been on the rise post pandemic after the country positioned itself as the first choice for …
Local liquidity in Oman reaches RO 22.374 billion until Nov 2023
MUSCAT: Local liquidity in the Sultanate of Oman increased by RO 2.1 billion, reaching RO 22.374 billion by the end of November 2023, with a …
Local liquidity in Oman reaches RO 22.374 billion until Nov 2023
MUSCAT: Local liquidity in the Sultanate of Oman increased by RO 2.1 billion, reaching RO 22.374 billion by the end of November 2023, with a …
Pacts signed to enhance water sector resilience and sustainability in Oman
MUSCAT: Multiple cooperation agreements were signed between Nama Water Services and Dutch organisations during the recently concluded Oman Water …
Oman’s MSX-listed banks see 18.6% net profit growth in 2023
The preliminary financial results showed that all seven banks listed on … Sohar International came in second with RO70.3 million, up from RO34.9 million in 2022. National Bank of Oman followed with …