Sweets of Oman ordered to pay RO 5 million;

Sweets of Oman Company (under liquidation) has disclosed a preliminary judicial ruling issued by the Muscat Court of First Instance on June 30, 2025.

Gold prices dip as U.S. dollar strengthens,

Gold prices slipped in early trading today as easing global trade tensions and a stronger U.S. dollar tempered investor demand.

BankDhofar opens new Al Tharmad Branch to

The branch opening ceremony was sponsored by His Excellency Sheikh Saeed bin Hamad Al Saadi,  Vice  president of the Shura Council, and a number of the Bank’ s  Executive. 

European stocks hit four-month high after US and

European stocks rose at the start of trading today, hitting a four-month high, driven by gains in auto and pharmaceutical stocks after the European Union concluded a trade agreement with the United States.

Bank Muscat relaunches Asalah and Al Jawhar

Bank Muscat reintroduces its popular 2025 Asalah and Al Jawhar referral scheme, offering cash rewards for successful customer referrals across both premium banking segments.

Bank Muscat launches new edition of “EAGLEs”

Bank Muscat rolls out its latest “EAGLEs” leadership programme for 181 branch managers, underscoring its pledge to empower Omani talent and elevate customer service excellence.

GCC countries record $587.8 billion in nominal GDP

The nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached $587.8 billion by the end of the fourth quarter of 2024, up from $579 billion at the end of the fourth quarter of 2023, reflecting a growth rate of 1.5 percent.

Omani Rial exchange rate rises 1.3% by May 2025

The effective exchange rate index of the Omani riyal rose by 1.3 percent to 119.1 points by the end of May 2025, compared to 117.6 points during the same period last year.

OQ hosts the leaders of the ‘Manahil Alizz’

The program which is designed to empower and prepare third year university and college students and augment their capabilities by equipping them with the essential skills and knowledge required to successfully enter and thrive in the job market saw great success in it’s previous two editions

Bank Muscat introduces Community Sports Project

The project exemplifies ideal public-private-partnership.

BankDhofar partners with Desert Spark to drive

The collaboration marks a significant step toward modernizing the bank’s core architecture while aligning with Oman’s Vision 2040 and In-Country Value (ICV) objectives.

Development Bank loan approvals rise 13% to RO

This growth reflects the bank’s commitment to supporting Oman Vision 2040 by promoting economic diversification and strengthening the private sector across the country.