Oman’s banking sector is undergoing a significant transformation, driven by the introduction of the new Oman Banking Law under Royal Decree No. 2 of 2025 and a regulatory framework for open banking.
Business Platform project to boost Oman’s investment appeal
Prominent Omani firms are among a total of 12 local and international consortiums that have been qualified by the Ministry of Finance …
IMF Staff Concludes Staff Visit to Oman
A staff team from the International Monetary Fund (IMF), led by Mr. César Serra, visited Muscat, Oman, during May 21-29, 2025, to discuss economic and financial developments, the outlook, and the coun …
Oman boosts investments from Gulf region to Vietnam
A four-day working trip by the deputy president of the Oman Investment Authority, Nasser bin Suliman Al Harthi, recorded a series of positive results.
Oman’s first quarter budget revenue down falls as oil income drops
Oman’s overall budget revenue fell 7% year-on-year to 2.635 billion Omani rials ($6.85 billion) in the first quarter of 2025 as oil revenue dropped, Oman’s state news agency reported on Tuesday, …
Oman real estate transactions hit $2.17bn by April 2025, showing 9.7% growth
The total value of real estate transactions in Oman reached RO 833.9 million ($2.2bn) by the end of April 2025, reflecting a 9.7 per cent increase compared to OR760.2m ($1.98bn) during the same period …
‘What business do you have in this?’: Iran Rejects U.S. Nuclear Deal Demand, Stands Firm on Uranium Enrichment Rights
Iran’s Supreme Leader Ayatollah Ali Khamenei firmly rejected a U.S. demand to halt uranium enrichment, calling it against Iran’s interests. The U.S. presented a new nuclear deal proposal via Oman …
🛑 Iran Sanctions Breach? Adani Group Fires Back: ‘LPG Came from Oman, Not Tehran’
A major report by the Wall Street Journal (WSJ) has stirred controversy around Indian billionaire Gautam Adani and his group of companies. The report claims that the United States Justice Department …
ADNOC Drilling enters Kuwait and Oman with rig deal
Abu Dhabi’s ADNOC Drilling is embarking on a significant dual expansion, venturing into Kuwait and Oman through a strategic acquisition while simultaneously bolstering its technologically advanced rig …
ADNOC Drilling to acquire 70% stake in SLB’s Kuwait and Oman rig operations
ADNOC Drilling has signed an agreement to acquire a 70% stake in SLB’s land drilling rigs operations in Kuwait and Oman. This strategic move involves eight land rigs currently under contract with the …