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...
Oman’s Energy Development Oman (EDO) has achieved a long-term credit rating with a stable outlook (BB-) by S&P’s Global Ratings and a standalone credit rating of...
Muscat: Total revenues collected by the end of the first half of 2022 amounted to RO6.724bn, comprising a rise of 54.2 per cent compared to RO4.361bn...
Muscat: The Policy Actions Taken During the Pandemic and Post-pandemic Recovery so far have Diminished the Short-Term Risks to Financial Stability A battery of financial, monetary, and...
The Central Bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions...
