A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
ConnsectAccording to the monthly report by the Central Bank of Oman, private sector deposits with commercial banks in Oman saw a significant increase of 9.7%, reaching OMR 16.491 billion by the end of March 2024. This figure stood…
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Amouage, the luxury fragrance house based in the Sultanate of Oman, has once again solidified its reputation in the world of high-end perfumes. Its "Guidance Eau de Parfum" has been awarded the prize for Best Niche Perfume by…
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Oman is planning to harness its wind resources for power generation alongside solar energy. These plans are currently focused on onshore projects, and Omani authorities believe there is significant potential for offshore wind development in later phases. It…
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According to Royal Decree No. 88/2022, the official holidays for government and private sector entities in the current year have been announced. Based on this decree, the first day of Muharram al-Haram will be an official holiday in…
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The Sultanate of Oman has made a remarkable leap in the 2024 Global Peace Index (GPI), achieving the rank of third in the Middle East and North Africa (MENA) region and 37th globally. This leap, published in the…
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The Ministry of Health has issued an urgent appeal for platelet donors as the demand continues to rise. The Ministry of Health is calling on the public to donate platelets to help meet the growing demand. Platelet donations…
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In a pivotal move towards localizing hardware production for its ambitious green hydrogen initiatives, Oman has signed a provisional agreement with Chinese solar photovoltaic manufacturer Hainan Drinda New Energy Technology to establish the country's first-ever photovoltaic cell production…
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The Ministry of Transport, Communications and Information Technology, in cooperation with Knowledge Oasis Muscat, the technical arm of Madayn, launched the “Smart Mobility Service Using Electric Scooters” experiment implemented by the Omani company “Salik”. This experiment is the…
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Oman Across Ages Museum has qualified for the Versailles International Prize for Architecture and Design, which this year celebrates the tenth anniversary of its founding and reveals for the first time in its history a list of the…
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Oman's broad money supply witnessed a 15.2% year-on-year growth, reaching 24.2 billion Omani rials by the end of March 2024. According to the Oman News Agency, this increase was driven by a 9.2% rise in narrow money and…
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