OQ backs SMEs in Oman to step up with innovative

OQ Basic Industries has funded five industrial projects in the Dhofar Governorate under the Innovative Food Products Development Project.

Financial Services Authority cuts Orange Card fee

This decision comes in line with public interest considerations and reflects the FSA’s commitment to the ongoing review of insurance service pricing and its alignment with market developments, ensuring fair pricing for policyholders without compromising the quality or efficiency of services provided.

Bank Muscat successfully manages OMR 200 million

This mandate reinforces the bank’s leadership in executing major investment transactions within the Sultanate and across GCC capital markets.

Oil slides to multi-year lows as oversupply

Global oil prices recorded a sharp fall in 2025, dropping by more than 10 per cent and marking the longest annual losing streak on record for Brent crude.

“Non-oil activities now form backbone of

Non-oil activities now contribute 73% of Oman’s economy at constant prices, highlighting the tangible impact of diversification and reform efforts over the past five years, says Dr. Said bin Mohammed Al Saqri, Oman’s Minister of Economy.

Oil pauses after 2% jump amid rising supply fears

Oil prices edged lower on Tuesday after climbing more than two per cent in the previous session.

AeroVecto and MCBS partner to push Advanced Air

The collaboration supports research, student engagement, and practical applications in advanced aviation.

Oman records first fiscal surplus since 2014,

Ministry spokesperson says fiscal and economic reforms under Vision 2040 helped reverse setbacks caused by the COVID-19 pandemic, oil price slump and loss of investment-grade status.

Oman allocated government treasury bills worth RO

The total value of government treasury bills allocated this week reached RO95 million, as yields remained close to the 4 percent mark, according to a statement issued by the Central Bank of Oman.

Bank Nizwa successfully closes OMR 200 million

The Government of the Sultanate of Oman, through the Ministry of Finance, announced the completion of the sukuk issuance on 25th December with a total size of OMR 200 million.

BankDhofar expands footprint in industrial cities

Each center is staffed by highly qualified professionals with deep expertise in corporate banking, ensuring a strong understanding of clients’ financial needs and the swift processing of requests.

Aster DM Healthcare Oman celebrates global

During the event, Aster formally launched its Quality Excellence Initiatives, designed to elevate patient safety, clinical outcomes, and service standards across its hospitals in Oman.