MUSCAT: The Sultanate of Oman, represented by the Ministry of Labour, chaired the meeting of the International Labor Organization (ILO) on the impact of digitization on …
The Sultanate of Oman and Virgin Orbit Announce International Consortium on Country’s First Mission to Deep Space
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 …