The Sultanate of Oman, leading US-based launch company Virgin Orbit, Polish Small Satellite manufacturer and operator SatRevolution, Poland-originated AI data analytics specialists TUATARA, and …
Fitch Revises National Bank of Oman’s Outlook to Stable; Affirms at ‘BB-‘
Fitch Ratings has revised National Bank of Oman SAOG’s (NBO) Outlook to Stable from Negative and affirmed the bank’s Long-Term Issuer Default Rating (IDR) at ‘BB-‘. Fitch has also affirmed the bank’s …
Sri Lanka declines USD 3.6 billion Oman fuel credit over conditions: spokesman
Sri Lanka has decided not to go ahead with a 3.6 billion US dollar fuel credit line agreement with Oman due to conditions on the deal, a cabinet spokesman said on Tuesday (25). In October, the cabinet …
Oman’s envoy for forming ‘Bangladesh-Oman Business Forum’
Newly appointed Omani Charge d’ Affaires (CDA) Abdul Ghaffar Bin Abdul Karim Al- Bulushi has said possibility of forming a ‘Bangladesh-Oman Business Forum’ could be explored to strengthen business …
UK Royal Navy seizes more than $20 million worth of drugs in Gulf of Oman
The British Royal Navy has seized more than a ton of illicit drugs worth almost £15 million ($20.3 million) in the Gulf of Oman, the UK Ministry of Defence (MoD) said in a statement on Sunday.
Oman seeks $3-4bln in talks to refinance loan: sources
DUBAI- Oman is in talks with regional banks to refinance a $2.2 billion loan it took out early last year, seeking to increase its size to between $3 billion and $4 billion, two sources familiar with …
Oman’s 2022 budget deficit to be smallest in 11 years
MUSCAT: Oman’s budget deficit narrowed sharply to just RO 1.22bn (-4.0 per cent GDP) in 2021, according to preliminary estimates, compared to the RO 4.4bn (-15.8 per cent …
Bank Muscat Green Finance: Facilitating a sustainable future
MUSCAT: The recent celebration of the Omani Environment Day on January 8 once again highlighted the keen focus with which the Sultanate has been implementing different …
$49mln financing pact signed for major mining project in Oman
Muscat: As part of its continued efforts to further support major industries in the Sultanate, Sohar International recently signed an agreement with Al Hadeetha Resources to extend OMR19 million worth …
Bangladesh envoy: Oman labour market to remain lucrative in 2022
Constant campaigns of the embassy have encouraged many Omani employers in remote places of the Sultanate to recruit workers from Bangladesh, says Maushumi Rahman …