CBO issues RO 31.15 million worth of treasury bills
The Central Bank of Oman (CBO) has announced that the total value of government treasury bills allocated for this week amounts to RO 31.15 million. In a statement, the bank […]
National forum spotlights institutional innovation and change management
The third edition of the ‘National System for Institutional Innovation and Change Management’, a key forum organised by the Ministry of Labour, began here yesterday, July 15, 2024, under the […]
Sewerage network to cover 79% of Oman by 2040
Nama Dhofar Services, in collaboration with the Authority for Public Services Regulation (APSR), organized a forum here on July 14, 2024 yesterday on the theme, “Maximizing the Use of Treated […]
Construction of Ghubrah-3 desalination project kicks off
Douglas OHI, an Omani contracting firm, has embarked on the construction of temporary office facilities and essential utility infrastructure, marking the initial steps towards the realization of the Ghubrah 3 […]
SOHAR Port & Free zone advances circular economy with new facility
SOHAR Port and Freezone recently celebrated the groundbreaking of Elite Hazardous Waste Management Solution (FZC) LLC, a project poised to revolutionise industrial waste recycling, treatment, and disposal in Oman. Strategically […]
Bank credit and investments in Oman increase
Traditional commercial banks in the Sultanate of Oman saw a slight increase in their total credit balance, rising by 0.4% by the end of April 2024. The credit extended to […]
Omani rial strengthens amid economic growth
The effective exchange rate index for the Omani Rial (RO) rose by 3.9 per cent at the end of April 2024, reaching 118.400 points, according to preliminary statistics issued by […]
Oman bourse surpasses RO 24.351 billion mark
Oman bourse, Muscat Stock Exchange (MSX) saw its market value climb to RO 24.351 billion by the end of last week’s trading, marking a weekly gain of over RO 108.500 […]
be’ah advances energy recovery and circular economy projects in Oman
be’ah, the municipal and solid waste management agency of the Sultanate of Oman, is pressing ahead with the implementation of an array of initiatives aimed at unlocking energy and other […]
Oman’s GDP grows despite decline in oil and gas activities
The gross domestic product (GDP) at current prices of the Sultanate of Oman at the end of Q1 2024 recorded an increase of 0.8 per cent to reach RO 10.442 […]