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Oman’s banking sector is expected to register a significant growth in the Islamic banking sector by 2020 according to the chief executive officer of Bank Nizwa Dr Jamil El Jaroudi. Islamic banks have registered important growths against conventional banks in Read more
Oman took a major step towards making Islamic Baking an important part of its banking sector with the inauguration of a department dedicated to overseeing Islamic banking at the Central Bank on Thursday. Oman was the last country among the Read more
Some members of Oman’s Shura Council have decided to challenge the decision of the Interior Ministry to bar them from standing for the upcoming elections. The ministry decided to blacklist some of the members in March and made references to Read more
Secretary General of the Gulf Cooperation Council (GCC) Abdullatif Al Zayani has deplored the failure of the UN-brokered talks held last week in Geneva in a bid to find a peaceful resolution to the Yemeni crisis. The Geneva peace talks Read more
Spokesman Rajeh Badi of the Yemeni based Riyadh government led by President Hadi has hinted that there are ongoing talks between the Houthi Movement and the U.S in Oman. The agenda of the meeting seems to be unclear to Badi Read more
Oman and Iran inked an agreement to demarcate the maritime boundaries they share in the Sea of Oman during the visit of Iranian Foreign Affairs Minister Javad Zarif. The visiting minister said the agreement will make ties between the two Read more
Following the conclusion of consultations by the executive board of the International Monetary Fund (IMF) with Oman, the international institution has urged authorities to implement fiscal reforms as soon as possible in order to achieve fiscal sustainability, avoid the worsening Read more
Oman is working on ending the Yemeni crisis through dialogue with the hope that it will be able to convince the warring parties to lay down their weapons for elections to take place. Some of parties have refused to participate Read more
The Sultanate of Oman is busy working to diversify its economy which is still heavily depending on oil revenues by offering investors huge business opportunities in the tourism sector. More than 1.1 million tourist arrivals are expected in Oman this Read more
Oman and India have expressed readiness and common resolve to enhance further cooperation relations in a wide range of fields including trade, energy, defence, tourism, industry, technology, agriculture… Ways to expand partnership between the two countries were explored during the Read more