Oman Financial News

18.08 / 16:51

UPS Cooper Aware country Deal India, Philippines’ coast guards to ink deal

maritime domain. It signifies India’s increasing interest in building capacity and partnerships with Indo-Pacific militaries.

18.08 / 02:09

UPS Citi MAIL Booking Aware Strategy Power TAQA looks to bet big on Adani’s power business with $2 billion investment

Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above.

16.08 / 16:59

UPS FIVE Cooper show country NRIs sent $112 bn home in FY23, most in 5 years

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

14.08 / 14:07

COST UPS Provident Remark show country Indian International Rupee goes international: Journey of Indian currency since 1947

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

09.08 / 04:57

UPS Pool Parke performer Indian hockey Indian men's team clubbed with Pakistan in Asian Games hockey

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

08.08 / 06:05

Citi Target CEO singer Vegan Wellness brand Fitspire raises undisclosed pre-series A funding

Fitspire, a vegan health-wellness brand, said it has secured an undisclosed amount of funding in a pre-Series A round. The funding was spearheaded by investors such as the founders of LC Nueva, an alternate investment fund, and renowned singer Sukhbir Singh. Additionally, the family office of Jaipurias, represented by Ruchirans Jaipuria and Anuraag Jaipuria, also participated in the funding round.

31.07 / 14:47

UPS Target Celebrity 2024 Papua New Guinea qualify for ICC Men's T20 World Cup 2024

PNG) won all six of their matches in the ICC Men's T20 World Cup East Asia Pacific (EAP) Qualifier and have earned a spot in the ICC Men's T20 World Cup to be played in the West Indies and United States of America (USA) in June 2024. This is the second time that PNG has qualified for a Men's T20 World Cup, as per an ICC press release.

31.07 / 13:19

Cooper Citizens Aware country cover social Insurance protection extension system for GCC nationals: 10 things to know

General Pension and Social Security Authority (GPSSA) of the UAE has launched a unified campaign aimed at raising awareness on the insurance protection extension system for registered GCC or Gulf Cooperation Council nationals employed in the UAE. GCC is an economic alliance of six Gulf countries — Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and UAE.

31.07 / 12:29

Cooper Navy chief Admiral R Hari Kumar on three-day visit to Oman

New Delhi: Admiral R Hari Kumar, chief of the naval staff, Indian Navy, is on a three-day official visit to Oman from 31 July to 2 August, the ministry of defence said. The visit aims to consolidate existing bilateral defence relations and high-level discussions with military leadership of the Sultanate of Oman.

31.07 / 10:25

UPS Aviat Airlines Strategy Dreams Explainer Mint Explainer: Jet Airways revival remains a distant dream

More than two years after the Jalan-Kalrock consortium’s bid to revive India’s erstwhile full-service carrier Jet Airways was approved by the National Company Law Tribunal, the implementation of the revival plan remains a distant dream. Mint explains the issue. The Jalan-Kalrock consortium said on 31 July that the civil-aviation regulator, the Directorate General of Civil Aviation, renewed the air operator certificate of Jet Airways on 28 July.

25.07 / 07:31

Aviat Action Airlines Boeing Returns Muscat-bound Oman Air flight returns to Kozhikode after technical snag, lands safely

airport minutes after take-off due to a technical snag, airport authorities said as reported by PTI. As per Calicut airport official, Flight WY 298 with 169 people onboard took off from the Karipur airport at 9.15 am. The flight turned back barely a few minutes into its journey due to a technical fault and landed safely, airport official said as reported by PTI. "It was a normal landing..

25.07 / 05:25

Reuters Man MER country symptoms What is the new MERS Coronavirus detected in Abu Dhabi? Symptoms developed without any contact history

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

21.07 / 12:57

UPS REC ACME Group secures ₹4,000-cr loan from REC for Oman green hydrogen project

₹4,000-crore loan from state-owned REC Ltd for its green hydrogen and ammonia project in Oman. The amount will be used to commence the first phase of the project, to be established at the Special Economic Zone (SEZ) in Duqm, Oman, the company said in a statement. Once the first phase is ready, about 100,000 tonne of green ammonia is expected to be produced per annum initially, which will subsequently go up to 1.2 million tonne a year.

21.07 / 12:13

UPS country REC ACME Group secures Rs 4,000-cr loan from REC for Oman green hydrogen project

ACME Group on Friday said it has tied up a Rs 4,000-crore loan from state-owned REC Ltd for its green hydrogen and ammonia project in Oman. The amount will be used to commence the first phase of the project, to be established at the Special Economic Zone (SEZ) in Duqm, Oman, a company statement said. Once the first phase is ready, about 100,000 tonnes of green ammonia is expected to be produced per annum initially, which will subsequently go up to 1.2 million tonnes a year.

19.07 / 17:57

COST Provident Lowe's Target country Hone our healer instinct

Medical tourism in India has been growing at a galloping pace. Interestingly, among the top 10 countries from where medical tourists arrive, nine happen to be majority-Muslim: Bangladesh, Afghanistan, Indonesia, Oman, Turkey, Iraq, the UAE, Sudan and Nigeria, the other being Nepal. This is a true, measurable sign of India's rising stature in the world.

19.07 / 04:35

FIVE Citizens VISA Mobile Indian index Henley Passport Index 2023: Indian citizens can travel to 57 countries visa free. Check full list here

India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements. However, it is to be noted here that India has scored poorly in mobility.

13.07 / 10:11

UPS Provident Reuters Digital Racing SPY In Asia data flows are part of a new great game

Okinawa. The digital bonds that bind Asia are in many ways tighter than ever. The region’s appetite for data is growing at an even faster pace than the rest of the world’s.

12.07 / 17:15

BLOCK Cooper Maxim Progressive Remark negotiations India and GCC revitalize economic partnership: Resuming Free Trade Agreement negotiations

Ahead of Prime Minister Narendra Modi’s visit to the UAE later this week, India’s engagement with the Gulf Cooperation Council (GCC) has gained momentum as discussions on the Free Trade Agreement (FTA) between the two parties resume.

12.07 / 11:53

Provident Cooper VISA Hope India-GCC FTA becomes a reality 'very soon': Official

Gulf Cooperation Council have resumed talks for concluding a free trade agreement which is expected to bring new business opportunities for both sides, a top Indian official said on Wednesday as he expressed hope that the deal would soon become a reality. Secretary (Consular, Passport & Visa and Overseas Indian Affairs) in the Ministry of External Affairs Ausaf Sayeed also shared that India is in discussion with its bilateral partners with regard to alternate payment mechanisms like rupee trading and barter trading «especially under the new circumstances where most countries are facing challenges of foreign currency».

12.07 / 02:59

Provident India hosts mega Arab business summit amid China’s growing eco inroads in region

China’s fast expanding economic footprint across the Arab world, with a focus on opportunities in various sectors, including healthcare, retail and infrastructure. The sixth edition of the conference is also aimed at promoting a multidirectional flow of investment and facilitating investment in areas of new opportunities, officials said.

10.07 / 16:41

Mobile Nike Chelsea unveils new 2023/24 home kit following sponsorship decision

After teasing fans for several days through their social media channels, Chelsea has finally made the official announcement. The new home kit pays homage to the successful 1997/98 team that secured the UEFA Cup Winners' Cup and League Cup titles, along with a fourth-placed finish in the Premier League. The official club announcement reads, «While changes take place at the club, the pride stays the same.

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