Oman has been officially diagnosed through the Financial Action Task Force (FATF) for its first rate compliance with worldwide standards on anti-money laundering (AML) and counter-terrorism financing (CTF). The country’s achievements in retaining sturdy structures and frameworks to fight economic crimes have earned it praise in the 2024 FATF mutual assessment report, released these days….
On December 19, 2024, the twelfth consultation of the Omani-Turkish Joint Committee became held in Muscat, marking every other vast step in the developing partnership between the Sultanate of Oman and the Republic of Türkiye. The session, aimed toward discussing regions of funding and monetary cooperation, was co-chaired by using Qais Mohammed Al Yousef, Oman’s…
In a strategic push to diversify its investment portfolio and give a boost to its presence in excessive-growth sectors, the Oman Investment Authority (OIA) has introduced its modern investment in xAI, a main American artificial intelligence business enterprise founded via Elon Musk. This move is part of OIA’s ongoing efforts to position itself at the…
In 2023, debit playing cards solidified their function because the dominant price method in Oman, accounting for an outstanding 93% of all newly issued playing cards, in keeping with the cutting-edge National Payments System Annual Report by using the Central Bank of Oman (CBO). With a total of 1,328,694 cards issued throughout various classes, debit…
In a massive leap forward for Oman’s defense skills, the Royal Army of Oman (RAO) officially inaugurated “Al Hashman Camp,” a brand new facility for the Border Guards Brigade, under the auspices of Major General Mattar Salim Al Balushi, the Commander of the RAO. The starting ceremony marks a key milestone in the ongoing modernization…
Oman’s Ministry of Commerce, Industry, and Investment Promotion currently held a great meeting to review and speak the ongoing development of the National Program for Private Sector and Foreign Trade Development, known as “Nazdaher.” The meeting, chaired via Khalid Hilal Al Maawali, Chairman of the Shura Council, and attended with the aid of various stakeholders,…
The Oman Chamber of Commerce and Industry (OCCI) released the 3rd version of its Commercial Franchise Programme today, aiming to in addition develop Omani agencies and put together them for the benefits of the economic franchise version. The launch event happened underneath the auspices of HH Sayyid Dr. Kamil bin Fahd bin Mahmoud Al Said,…
In 2023, Oman witnessed a super shift in its financial panorama, as cellular bills surged, marking a big step toward the digitalization of the country’s economic system. This growth reflects a broader transformation of Oman’s price systems, pushed through the Central Bank of Oman’s (CBO) efforts to modernize the nation’s monetary infrastructure in alignment with…
The General Directorate of Culture, Sports, and Youth in North Al Batinah Governorate these days held its 5th annual pageant devoted to humans with disabilities. The occasion turned into a colorful birthday celebration of the abilities, creativity, and resilience of individuals with disabilities, providing them a platform to showcase their skills even as selling social…
The latest discovery of a deceased sperm whale off the coast of Al Sawadi, positioned inside the Wilayat of Barka, has precipitated an investigation with the aid of the Environment Authority. Initial findings suggest that the whale’s loss of life may were because of herbal instances, even though the authority keeps to study the incident…
