Category Archives: Business & Finance

Oman’s medium-term economic outlook robust

MUSCAT, The Sultanate can continue to bank on its thriving non-oil sectors to drive economic growth over the medium term, aided by a flurry of new enabling policy actions and a brightening business environment, the Central Bank of Oman (CBO) …

Crude prices at $60 a barrel

MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for October delivery reached $59.93. The DME statement said that the price of Oman oil rose 78 cents from the price of Monday, which was $59.15. The average price of …

Bank Muscat inks pact with Al Omaniya Financial Services for RDC solution

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, and Al Omaniya Financial Services have signed an agreement for a new initiative that will allow Al Omaniya Financial Services to be linked to the Remote Deposit Capture (RDC) …

Myanmar’s share of Omani crude exports grows

MUSCAT, Myanmar emerged as the largest importer of Omani crude, after long-standing and dominant importer China, during the month of July 2019, according to the Ministry of Oil and Gas. Myanmar accounted for a 9.22 per cent share of total …

Hotel revenues increase in Salalah

Muscat: The three to five-star hotels in Dhofar reported 10,475 guests in June, an increase of 21.6 per cent, compared to the same period in 2018.

There has been an increase of 17 per cent in total revenues of hotels …