Rafah crossing to open ‘in both directions’ next week
The Rafah border crossing between Egypt and the Gaza Strip will reopen in both directions next week, the newly-appointed administrator of the Palestinian territory said on Thursday…
South Korean law to regulate AI takes effect
SEOUL: South Korea became the first country to have a wide-ranging law regulating artificial intelligence take full effect on Thursday, including specific provisions targeting deep…
Oil slips as investors assess supply outlook
BEIJING/SINGAPORE: Oil prices edged lower on Thursday after recent gains, as investors weighed the supply and demand outlook against data showing a rise in US crude and gasoline in…
CBO offers two new GDB issues
MUSCAT: The Central Bank of Oman (CBO) on Thursday announced the issuance of two new Government Development Bonds (GDBs) for public subscription through a competitive auction, comp…
NCSI holds preparatory meeting ahead of government services survey
MUSCAT: The National Centre for Statistics and Information (NCSI) held a preparatory meeting on Thursday for representatives of government entities participating in the public opin…
Belgian-backed JV to invest in Oman’s gypsum industry
MUSCAT, JAN 22Belgium-based global building materials group Etex has announced the acquisition of a 25 per cent stake in Kunooz Gypsum, a subsidiary of Kunooz Oman Holding (KOH), a…
Market reacts to Trump ruling out force in Greenland
President Trump’s statement at the World Economic Forum in Davos that the United States will not use military force to acquire Greenland has had a noticeable calming effect on mark…
WEF26: Saudi Arabia leads new global push to protect coral reefs, unlock AI potential
Davos: The Saudi delegation to the World Economic Forum (WEF) Annual Meeting 2026 today observed a series of announcements aimed at addressing urgent global challenges. Her Royal…
Orange card insurance fee reduced to one rial
Muscat: The Financial Services Authority has announced a reduction in the fee for the Orange Card insurance related to vehicle insurance, setting the cost at one Omani rial only, e…
Arrest made in Sohar and Bausher in drug trafficking cases
Muscat: The Royal Oman Police has arrested two individuals in separate operations for possessing large quantities of narcotic substances with the intent to traffic.In the first cas…