October 8, 2012
A gang of oil smugglers have been caught in Oman by customs officers who later found out that the group had altered vehicles to carry fuel derivatives destined for the lucrative black market.
October 4, 2012
New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Sharia-compliant services when the country opens up its banking market, said an international rating agency in a statement
September 27, 2012
Fitch Ratings have confirmed Bank Muscat's status, reflecting the high probability of the Omani governments support in the event of a banking crisis.
September 26, 2012
Abu Dhabi announces their line-up with a guest appearance by Richard Gere.
September 20, 2012
The oil-rich Saudi Kingdom illustrated it's financial might by supporting post-Arab Spring with financial aid, as other nations in the region also receive substantial packages.
September 19, 2012
Oman has been ranked among the top 20 most economically free countries in world, according to the 2012 Economic Freedom of the World Report released on Tuesday by the Fraser Institute, a leading Canadian public policy think-tank.
September 18, 2012
The total value of exports from Al Mazunah Free Zone exceeded $11 million during the first half of the current calendar, with September seeing significant export movement to Yemen
September 10, 2012
After the defeat against Fulham FC on Friday, Oman national team were back to training yesterday and the highlight was the presence of Ali Al Habsi, who is back in United Kingdom after spending some time with his newborn baby.
September 9, 2012
The World Economic Forum listed Oman 32nd, out of 144 countries, in its Global Competitiveness Report. For the Middle East region, unemployment is likely to remain a significant challenge, despite high oil and gas revenues.
September 5, 2012
Oman's team was disqualified from the World University Futsal Championship, held recently in Portugal with support from FIFA, after it failed to turn up for a match against Israel, a top official has confirmed.
The decision to licence the operation of the Islamic banking in the Sultanate has opened up windows of opportunities for the banking sector in Oman, writes Philip Paul, Head of Agency for Cluttons Oman.
August 30, 2012
"Omani cement companies did well in the first half of this year due to increase in cement demand and diversion of UAE exports to other markets,” the report said.
August 28, 2012
Sahl Hasheesh, a popular Egyptian tourist destination, will host first round of the Hurghada Asian Film Festival with the participation of 35 countries in October.
August 27, 2012
Oman government is set to award two onshore oil and gas blocks for exploration to international oil firms in the Southern Dhofar region next month.
August 26, 2012
Among the Gulf Cooperation Council (GCC) economies, Saudi Arabia can be seen as the most aggressive with respect to investments in the power sector, according to a study by Kuwait Financial Centre (Markaz).