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.

Gold prices climb ahead of April 2 US

Gold prices climbed today as rising global trade tensions—fueled by fresh U.S. tariffs on automobiles—pushed investors toward safe-haven assets.

LOT –The Value Shop expands presence in Oman

Marking the launch of its new branch, LOT has introduced a summer collection designed for the whole family, making the latest fashion trends accessible to all while maintaining its promise of affordability.