Malabar Group launches ‘Uyirp’ scheme

Malabar Group, a leading Indian business conglomerate and the parent company of Malabar Gold & Diamonds has launched the 'Uyirp' initiative to support the higher education of children from families affected by last year’s landslide in Wayanad.

Doubling capacity on India-UAE routes can help

A new report has put the spotlight on India to liberalise air travel with the UAE, claiming that a long-delayed Open Skies agreement could unlock over $1.05 billion in savings for Indian travellers and usher in a new era of economic growth and connectivity.

India tops as NRI remittance rose to record

Remittances to India surged, placing the nation at the top of global charts, far ahead of second-ranked Mexico, according to the latest figures from the Reserve Bank of India (RBI).

Investors rush to gold as U.S. inflation and

Gold prices soared to an all-time high on Tuesday, as global markets braced for U.S. tariff announcements that could spike inflation and stall economic growth.

India’s forex reserves rise to USD 658.8

Before that, forex reserves had slumped for about four months, recently hitting an 11-month low.

Muscat Stock Exchange stocks bounce back as local

The Muscat Stock Exchange (MSX) saw a return to positive momentum last week, as local investment institutions ramped up their buying, accounting for 69.5% of total trading value.

Oman’s micro-enterprises show promising

Oman recorded a rise in active private enterprises, which grew by 11.2% in the fourth quarter of 2024, primarily contributed by the micro-enterprises.

Islamic banking assets in Oman register 16.6%

Islamic banking in the Sultanate of Oman continues to gain momentum, with total assets of Islamic banks and windows rising to approximately RO 8.6 billion by the end of December 2024.

Private deposits rise, foreign assets strengthen

Oman witnessed a robust 8.1% increase in domestic liquidity by the end of December 2024, with the total reaching RO 24.87 billion.

MSX raises $32 billion in five years as

The Muscat Stock Exchange (MSX) convened its 2nd Annual Roundtable for board chairs and CEOs of the top 15 listed companies on Tuesday, March 25.

Bank Muscat AGM elects Board, approves cash

The Extraordinary General Meeting (EGM) approved the renewal of Meethaq Sukuk program and issuance of RO 500 million (or its equivalent in US Dollar currency) Sukuks in various tranches in the domestic and international markets through public subscription or private placement.

Oman’s FSA issues penalty on Chief Financial

The Financial Services Authority (FSA) has imposed an administrative penalty on the Chief Financial Officer of a public joint-stock company for using insider information that was undisclosed to the public.