A tender of Government Treasury Bills, issue number 164, worth RO10mn was issued this week. Treasury Bills are short-term highly secured financial instruments issued by the...
The Producer Price Index (PPI) in the Sultanate of Oman registered a rise of 40.7 per cent during the second quarter of this year (2022), compared...
Industrial companies listed on the Muscat Stock Exchange (MSX) doubled their gains last week, continuing the upward trend that was first observed in August 2022. This...
The Sultanate’s plans for economic diversification under the 10th Five Year Plan (2021-2025) will be fortified and fast-tracked under ‘Tanweea’ (translated from Arabic as “diversification”) –...
Muscat: Fitch Ratings has upgraded Oman’s credit rating to “BB” with a stable outlook. The upgrade reflects the significant improvements in Oman’s fiscal and economic metrics,...
A new RO10mn Abalone aquaculture fishery project in the Wilayat of Mirbat in the Governorate of Dhofar will push the Sultanate deeper into the global food...
The official price of Oman oil for October 2022 delivery on the Dubai Mercantile Exchange (DME) reached US$97.21 per barrel today. This comes following a US$1.37...
Khalid Ramis Al Rawas is the new CEO of Raysut Cement Company. Following the resignation of Joey Ghose, Khalid Ramis Al Rawas has been appointed as...
Tesla, Inc. and SpaceX CEO, Elon Musk, has reportedly sold 7.92mn Tesla shares worth a whooping US$6.88bn in what is one of the centi-billionaire’s largest offloads...
Is inflation always harmful to an economy – and to what extent does raising interest rates curb inflation? Sibasish Mohapatra deep dives into the roots of...
