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Five Omani banks have been downgraded by Moody’s credit rating agency less than a month after it took a similar move against the country’s credit rating. Moody stated in its report that the affected banks can no longer rely on Read more
Members of the Gulf Cooperation Council (GCC) namely Saudi Arabia, Qatar, Bahrain, Oman, Kuwait and the United Arab Emirates have labelled the Lebanese-based Hezbollah as a terrorist organization a day after Nasrallah lambasted Riyadh for its actions against Lebanon because Read more
A week after Oman’s credit ratings were downgraded by Standard and Poor’s from BBB+ to BBB-, sources have revealed that the government is preparing to issue a sovereign dollar bond but the Finance Ministry refused to confirm or deny the Read more
Omani foreign affairs minister Yousuf bin Alawi bin Abdullah met with President Rouhani on Sunday and both officials expressed their wish to increase cooperation between the two countries. The Iranian president described bilateral ties as excellent and hoped that economic, Read more
Most oil dependent countries have been downgraded by Standards and Poor’s rating agency and some Gulf countries were among those affected recently with their ratings reduced by 2notches. The agency cited that the falling oil prices contributed to the decision Read more
Oman is aiming to become a major tourist destination as it continues to harness positive results under its 2015-2040 tourism strategy with an investment worth $35 billion. Muscat is trying to boost its international profile and it has been slowly Read more
Talks between the members of the Gulf Cooperation Council (GCC) on the possibility to build a regional missile defense system are progressing. The announcement was made by Commander Hamad Al Khalifah of the Royal Bahraini Air Force on the sidelines Read more
The International Monetary Fund (IMF) has urged Oman to review its expenditure policies and introduce new taxesin order to reduce fiscal deficit as oil prices continue falling and reached below $40 per barrel for the first time in seven years. Read more
There are new reports that Tehran went against two U.N Security Council resolutions after it tested a new medium range ballistic missile, on November 21, which is capable of carrying nuclear warheads. The alleged missile test is believed to be Read more
Member countries of the Organization of Petroleum Exporting Countries (OPEC) are meeting this Friday in Vienna to discuss the organization’s policies especially the low hydrocarbon prices but a change is not expected as they continue to disagree over the approach Read more