Muscat: Bank Muscat Money Market Fund, Oman’s first money market fund, has accomplished a momentous milestone with its assets under management (AUM) crossing OMR155 million mark as on 2nd July 2024, recording AUM growth of over 170 percent during 2024. The Fund continues to retain its top position as the largest open-ended mutual fund in Oman….
Muscat: The North Al Sharqiyah Governorate experienced a vibrant tourism boom from October to March, 2024, with hotel room occupancy rates soaring between 60% and 90% during the peak season. The region’s burgeoning tourism sector boasts 47 tourist facilities, offering a combined total of 1,044 hotel rooms across the governorate. Mohammed bin Saif Al Riyami, Head…
RIYADH: A high-level Saudi delegation continued discussions in Brazil on Sunday to enhance bilateral ties and advance Saudi Arabia’s mining sector. On July 28, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited Vale’s Carajas mines, where he was briefed on advanced technologies used in mineral extraction and processing, including remote mine management and…
BEIRUT: Lebanon on Sunday called for an international investigation into a strike that killed 12 people, including children, in the Israeli-annexed Golan Heights, warning against a large-scale retaliation. Hezbollah rejected Israel’s accusation of bombing Majdal Shams on Saturday, saying in a statement that “the Islamic Resistance has nothing to do with the incident at all,…
BENGHAZI: Libya’s House of Representatives on Sunday announced the opening of nominations for the presidency of a new government, the Libyan News Agency reported. Those wishing to run are invited to submit their nomination documents at HoR headquarters in Benghazi starting on Sunday, until Aug. 11. House spokesperson Abdullah Balihaq, in an announcement on the…
BEIRUT: The Israeli military said that one of its missile ships had intercepted a drone launched from Lebanese territory toward Israel’s Karish gas field in the Eastern Mediterranean on Saturday. Israel’s Army Radio said: “The drone, which came from Lebanon and was downed by a military ship in cooperation with the Israeli Air Force, was…
Muscat: Southwesterly winds over large areas of the South Al Sharqiyah, Al Wusta, and Dhofar governorates may cause dust storms over desert and open areas, said the General Directorate of Meteorology said in its weather forecast. Some weather monitoring stations recorded wind speeds of up to 34 knots in Duqm and 30 knots in Thumrait….
RIYADH: Saudi e-commerce sales using Mada cards reached SR14.11 billion ($3.76 billion) in February – an annual increase of 25 percent, the Kingdom’s central bank has revealed. This figure includes transactions through online shopping, in-app purchases and e-wallets, and excludes transactions by Visa, MasterCard and other credit cards. Mada serves as Saudi Arabia’s national card payment…
TAIF: Wadi Wajj, a revered valley in Saudi Arabia’s western governorate of Taif, boasts a rich tapestry of history and natural beauty. Once a geographical divider splitting the city of Taif in two, it has evolved into a popular tourist destination renowned for its lush gardens, vibrant orchards, and breathtaking panoramas.Professor Saleh Al-Khalif, an expert…
MOSCOW/AMMAN: Russian President Vladimir Putin met Bashar Al-Assad in the Kremlin as Moscow nudges the Syrian leader towards a meeting with Turkish President Tayyip Erdogan and Damascus seeks the Kremlin’s help in restraining the Zionist entity. Russia backed Assad in Syria’s civil war, launching a military campaign that helped turn the tide of the 12-year conflict…
