This sustainable financing agreement is the first of its kind in Oman and a first for Standard Chartered Bank in the Middle East. The 8-year facility is linked to key sustainability targets in line …
COVID-19: Oman records 689 new cases; tally at 18,887
Oman has confirmed 689 new cases of the novel coronavirus, taking to 18,887 the country’s overall infections, the Omani news agency ONA reported Wednesday. The newly diagnosed cases include 334 Omanis …
Oman approves $779m funding to support development projects
Oman’s ruler, Sultan Haitham bin Tariq, has given the go ahead for RO300 million ($779m) to be spent on developmental projects to support the country’s economic growth, according to the state-run Oman …
Coronavirus: Oman reports 689 new Covid-19 cases
The Ministry of Health in Oman on Wednesday reported 689 new cases of the Covid-19 coronavirus, along with 177 recoveries. Of the new cases, 334 were Omanis while 355 were non-Omanis. With this, a …
Emerging from the bubble: Oman’s tourism and hospitality prospects
Hotel industry here in Oman should be able to adapt relatively quickly, although older, one- and two-star establishments will find it difficult to retain any semblance of a clientele …
Oman selects head of new wealth fund unit
A royal decree last week said the $14.3 billion State General Reserve Fund and the $3.4 billion Oman Investment Fund, both based in Muscat, will be brought together under the new unit. Asset figures …
Oman’s ruler announces 300 million Omani riyals in development projects – state news agency
Oman’s ruler announced 300 million Omani riyals ($779.26 million) in development projects to support the country’s economic growth, the state news agency said on Tuesday.
Oman Police arrest woman for drug smuggling attempt
An African woman was arrested at Muscat International Airport for attempting to smuggle drugs, Royal Oman Police reported on Tuesday. The woman allegedly tried to smuggle 6.5kg of marijuana and 300 …
COVID-19: Oman reports 712 further cases, 2 deaths
Oman has recorded 712 new cases of the novel coronavirus, bringing to 18,198 the country’s overall infections, the Omani news agency ONA reported Tuesday. The newly diagnosed cases include 362 Omanis …
Sultan Haitham appoints head of new Oman Investment Authority
Oman will combine its two wealth funds into one entity, which will hold assets valued at about $17 billion. Oman’s Sultan Haitham bin Tarik has appointed Abdulsalam al-Murshidi as head of the newly …