Oman Financial News

04.07 / 17:47

Cooper Maxim Progressive We can maximise use of Chabahar Port after Iran's SCO membership: PM Modi

Prime Minister Narendra Modi Tuesday said the members of Shanghai Cooperation Organisation can work towards maximizing the utilization of the Chabahar Port following Iran's membership of the world's largest regional organization. "The International North-South Transport Corridor can serve as a secure and efficient route for landlocked countries in Central Asia to access the Indian Ocean. We should strive to realize its full potential," the prime minister said.

17.02 / 10:39

CBDC regulation Framework Virtual assets regulatory Oman to establish regulatory framework for virtual assets

The Capital Market Authority (CMA), the regulator of Oman’s financial markets, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate.

04.01 / 12:03

business Court Bitcoin Iran court orders the release of seized crypto mining equipment

Iranian authorities seized numerous crypto mining equipment over the past two years, citing stress on energy grids during winter. Now, a court ordered the release of crypto-mining equipment that was previously seized as a measure to conserve energy.

03.11 / 11:27

UPS FIVE VISA fund launches Saudi wealth fund launches $24bn tech fund

The fund, to be managed by the Public Investment Fund (PIF) is designed to boost the region's burgeoning tech and telecoms industries.

28.10 / 14:01

UPS FIVE VISA fund launches Saudi wealth fund launches $24bn tech fund

The fund, to be managed by the Public Investment Fund (PIF) is designed to boost the region's burgeoning tech and telecoms industries.

20.09 / 23:27

business Twitter XRP Indian Oman's Indian embassy Twitter account compromised to promote XRP scam

Scammers have hacked the official Twitter account of the Embassy of India in Oman, replacing the profile picture with Ripple CEO Brad Garlinghouse and using the reply function to spam users with fake XRP giveaway phishing links.

02.09 / 09:41

COST FIVE Cooper Fitch Warning Turkey's skyrocketing inflation is flashing warning signals for Gulf banks

DUBAI, United Arab Emirates — Banks with exposure to Turkey have faced losses ever since the country's currency began steeply depreciating in 2018; now, lenders in several oil-rich Gulf states in particular are set to take a hit in the next year because of their links to the country, according to a recent report by ratings agency Fitch.

02.06 / 14:05

business Adoption Environment Bitcoin Stranded US energy company opens crypto mining facility in Middle East to use stranded natural gas

As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil fuels waste.

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