Oman: Japan’s NYK to strengthen Duqm’s connectivity with global energy chains

MUSCAT: A Memorandum of Understanding (MoU) signed by Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line) with the Port of Duqm Company (PODC) earlier this week will help strengthen Duqm’s position as a key node in evolving global...

Azerbaijani FM Holds Key Talks With Oman Sultan's Special Envoy (PHOTO)

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 29.​ During the official visit to Oman on October 29, Minister of Foreign Affairs of Azerbaijan, Jeyhun Bayramov, met with Sayyid Asa'ad bin Tariq Al Said, Deputy Prime Minister for...

Oman: CBO cuts repo rate by 25 bps to 4.50% from Oct 30

Muscat: The Central Bank of Oman (CBO) lowered its repurchase agreement (repo) rate for local banks by 25 basis points to 4.50%, effective Thursday, October 30, 2025, following a similar move by the U.S. Federal Reserve this week. The decision...

Azerbaijan, Oman Explore New Avenues For Bilateral Cooperation

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 29.​ Minister of Foreign Affairs of the Republic of Azerbaijan, Jeyhun Bayramov, met with Minister of Foreign Affairs of the Sultanate of Oman, Sayyid Badr bin Hamad bin Hamood Al Busaidi, as...

TRADE & INVESTMENT: Bridging the Gulf

Growing trade and infrastructure ties between India and the Middle East are expanding the scope of legal work, with renewable energy projects, fintech regulation, and hybrid infrastructure models now sitting alongside traditional construction...

Oman achieves major investment milestones under Vision 2040

Muscat: The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) continues to register remarkable achievements as reflected in the Oman Vision 2040 Report for 2024–2025, reaffirming the Sultanate of Oman’s position as a promising...

Oman’s Raysut Cement calls emergency shareholder meeting over capital erosion

MUSCAT – In a disclosure to shareholders, the company’s Board of Directors said the meeting, scheduled for November 12, 2025, will focus on measures to restore the company’s capital in compliance with Article 147 of Oman’s Commercial Companies...

Currency Exchange Rates Today – Convert US Dollar, Euro, Pound, Riyal to PKR – 30 Oct 2025

KARACHI – Pakistani rupee witnessed fluctuation against foreign currencies, as interbank and open market rates showed only slight movement in key currencies, including US Dollar, Euro, and British Pound, according to the latest figures released by...

BRICS+ Series: Why Gulf Central Banks Follow the Fed’s Cut

In the United Arab Emirates, the Central Bank of the UAE (CBUAE) lowered its base rate on the overnight deposit facility by 25 bps to 3.90 per cent, easing from 4.15%. The move takes effect immediately and marks the second rate cut of the year for...

Omani business mission wraps up Canton Fair visit

MUSCAT/GUANGZHOU — An Oman Chamber of Commerce and Industry (OCCI) delegation, joined by a group of Omani businessmen, has concluded a seven-day visit to the People’s Republic of China, taking part in the first and second phases of the Canton Fair...

Unimoni Oman Integrates MoneyGram for Faster Digital Cross-Border Transfers

Muscat – Unimoni Exchange Oman, a prominent player in the remittance and foreign exchange sector, has announced a partnership with MoneyGram, a leading global payments network for consumers, businesses and communities. The strategic initiative...

11 student projects across Oman chosen for startup conversion program

MUSCAT : The Ministry of Higher Education, Research and Innovation announced that eleven student projects from higher education institutions across the Sultanate of Oman have been selected as winners in the eighth edition of the “Upgrade”...

Travelling with cash or gold? Oman Customs clarifies RO 6,000 declaration rule

MUSCAT : The Guiding Manual for Cash Declaration by Oman Customs reminds travellers and businesses about the legal requirement to declare cash, negotiable bearer instruments, and gold when entering, leaving, or transiting through the Sultanate....

Central Bank of Oman warns against fake job scams on WhatsApp

Pakistan, Oman discuss bilateral relations, easing of visa conditions

Muscat: Federal Minister for Interior and Narcotics Control Syed Mohsin Raza Naqvi visited Muscat on Thursday, where he held a meeting with Oman’s Minister of the Royal Office, General Sultan bin Mohammad Al Nu’amani, according to a statement...

Türkiye still in talks for Eurofighters from Qatar, Oman after UK deal

Turkish officials said on Thursday that talks were continuing with Qatar and Oman on procuring Eurofighter Typhoon fighters following a deal sealed with the U.K. on Monday to buy 20 of the jets. The deal between NATO allies Türkiye and the U.K....

Central Bank of Oman lower repo rate for local banks by 25bps

Muscat: The Central Bank of Oman (CBO) has decreased its Repurchase Agreement rate (repo) for local banks, effective from Thursday, by 25 basis points (0.25%) to 4.50%. The CBO’s monetary policy aims at maintaining its fixed exchange rate, which...

Oman to open 1st Integrated Energy Supply Chain Company in Duqm

Energy Development Oman (EDO) has partnered with Sumitomo Corporation to establish Oman’s first Integrated Energy Supply Chain Management Company in Duqm. The new joint venture to establish Energy Supply Chain Company marks a strategic step in...

AM Best affirms GIG Gulf’s financial strength rating of A (Excellent) for 5th Consecutive Year

TDT | Manama Email: mail@newsofbahrain.com GIG Gulf, part of Gulf Insurance Group K.S.C.P., yesterday announced that AM Best has affirmed its Financial Strength Rating (FSR) of A (Excellent)and Long-Term Issuer Credit Rating (ICR) of “a+”...

Explained: Oman customs issues comprehensive rules for cash declarations at borders to curb money laundering

Traveler declares cash exceeding RO6,000 at Oman Customs under new anti-money-laundering regulations/Representative Image Oman Customs has introduced detailed guidelines for travelers carrying cash or bearer-negotiable instruments across its...