Oman’s OQ records RO 1.2 billion net profit in

OQ SAOC announces a net profit of RO 1.2 billion (USD 3 Billion) in its 2024 standalone financials, attributed to strong overall business performance and strategic divestments of certain assets

RO 70 million wind turbine factory launched in

The Special Economic Zone at Duqm (SEZAD) witnessed the launch of the first phase of a specialised wind turbine manufacturing factory.

Bank Muscat honoured with Oman’s Best Bank for

Bank Muscat is a well-known banking services provider in the region and is trusted by various local and international institutions.

Ahli Bank accepts merger proposal from Sohar

Ahli Bank has officially accepted the letter of intent proposing a merger with Sohar International Bank, as announced in disclosures on the Muscat Stock Exchange.

BankDhofar introduces Bespoke Concierge Service

Eligible private banking clients will be assigned a dedicated concierge manager, providing round-the-clock access, seven days a week.

Sohar Freezone unveils major expansion plans to

Sohar Port and Freezone has announced ambitious expansion plans in response to growing demand from investors and tenants, as the first phase nears full capacity

Oman maintains moderate inflation levels, well

The Ministry of Economy has confirmed that the inflation rate in the Sultanate of Oman remains at moderate and stable levels, with the average inflation rate between 2021 and 2024 recorded at 1.4 percent

Tourism ministry generates over RO 298 million

The Ministry of Heritage and Tourism has significantly strengthened Oman’s global tourism presence, generating more than RO 298 million in estimated returns through series of promotional and media campaigns conducted between 2021 and 2024

Gold price hits record high as dollar crashes

Gold reached a record above $3,171 an ounce as US dollar tumbled on renewed tariff fears.

Oman to host joint workshop with World Bank Group

The Sultanate of Oman, represented by the Ministry of Finance, will co-host a joint workshop with the World Bank Group on April 14, 2025.

“Gift of Gold” offers from Malabar Gold &

The Festive collection of jewellery that the brand has unveiled presents jewellery lovers with an enthralling array of designs in gold, diamond and precious gem jewellery.

Indian Rupee drops to INR 224.30 against Omani

The Indian rupee continued its decline against the Omani riyal, closing at Rs 224.30 per RO 1 on Wednesday, April 9, 2025, following the imposition of new tariffs by the United States.