A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
ConnsectNational Finance, a leader in Oman's financial sector, has reported a 19.81% increase in operating profit for Q3 2024, reaching RO 13.48 million (approximately $34.9 million USD), up from RO 11.25 million (around $29.1 million USD) in the…
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The Oman Broadband Company has reported a significant milestone of 301,000 active fiber optic subscribers by the end of October 2024, moving closer to its target of covering one million units across all governorates by 2025. Led by…
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Oman has announced that individuals earning less than OMR 2,500 per month or OMR 30,000 annually will be exempt from paying income tax. This decision marks a significant move toward broadening the country's tax base, with the implementation…
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A group of Omani women has initiated an innovative idea to recycle leftover food, which is generated in many households and hotels, and convert it into fertilizers. Titled the "Zeelah Project," a team of seven women from the…
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SalamAir, Oman’s low-cost airline, announced on Monday that 86% of its flights were operated on time in the third quarter of 2024. Releasing its On-Time Performance (OTP) report for Q3 2024 (July, August, and September), the airline stated…
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Sultan Haitham bin Tariq has sent a message congratulating Donald Trump on his election as the new President of the United States. In his message, the Sultan of Oman expressed his best wishes for Trump’s success in leading…
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Oman’s state-owned energy giant OQ has announced plans to sell a 49% stake in its methanol and liquefied petroleum gas (LPG) unit through an initial public offering (IPO) on the local stock exchange. This move follows OQ’s successful…
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Majid Al Futtaim Group, the official representative of the global Carrefour brand, announced that it will halt all Carrefour operations in Jordan starting today. In a statement posted on Carrefour Jordan's Facebook page, the group thanked its customers…
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Most Gulf stock markets ended lower on Monday after reports suggested Iran might be preparing a retaliatory strike on Israel, prompting investors to react cautiously as the U.S. warned Iran against any potential attack. According to Axios, the…
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The Annual International Sovereign Wealth Funds Meeting, hosted in Muscat by Oman, was expected to feature Elon Musk in person. However, according to Omani officials, he announced only a few days ago that due to a busy schedule,…
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