Oman Financial News

The International Cricket Council's recent release unveiled a schedule comprising 55 matches to be played at various stadiums across the U.S., including Texas, New York, and Florida, from June 1-29.

Men's T20 World Cup, which is set to commence from June 1. While the opening match will be played between hosts USA and Canada, the ball will roll for the marquee clash between India and Pakistan on June 9 in Nassau County International Cricket Stadium in Long Island. Joint hosts West Indies will play Papua New Guinea in Guyana on the second day of group play. The tournament is divided into four groups of five teams each, with the top two teams from each group moving on to the Super Eight stage of the competition, which takes place before the knockout semifinals and final match. The group stage matches are scheduled between June 1 to June 18 and the Super 8 matches will be played from June 19 to June 24. The two semi finals will be played on June 26 and 27, while the final will be played in Barbados on June 29.

The US Navy headquarters reported sinking three small boats affiliated with Houthi militants in the Red Sea, according to military officials. This occurred as a response after a US warship answered a distress call from a merchant vessel in the region. The incident involved a Maersk container ship being targeted by Houthi forces at approximately 6.30 am local time, facing an attack from four small Houthi boats. Reuters quoted accounts by American, Maersk, and Houthi officials stating that US helicopters repelled an attack by Iran-backed Houthi militants on a Maersk container vessel, sinking three boats and killing 10 militants.

students and parents and 24/7 through the Board's 1800-11-8004 toll-free number as per the press release. Since 1998, CBSE has been offering counselling in two phases that includes pre-exam and post-result. This service which began 25 years ago aims to ensure that students from affiliated schools experience minimal stress during examinations.

foreign airlines including British Airways, Etihad, Thai Airways and Qatar Airways been questioned by the Directorate General of GST Intelligence (DGGI) over allegations of tax evasion which have run into hundreds of crores of rupees, TOI reported on Sunday. The DGGI has questioned these executives over allegations of these carriers’ booking expenditure related to their India operations with their overseas head offices in the last month. Citing sources, TOI reported that the DGGI has requested documentation from these airlines covering every expense incurred by the international carriers for their operations in India. This may include aircraft leasing, crew and ground staff costs, fuel for the aircraft, and any additional maintenance or repair expenses. For the first time, Indian authorities have requested that international airlines report all of their expenses relating to India and pay taxes for services provided here under the new GST regime.

Scotch whisky and electric vehicles and mobility of skilled workers are yet to be resolved in the proposed trade pact between India and the UK, and are likely to be taken up in the next round of talks in January, an official said on Friday. India is also considering discussing longer transition period and tax restoration for its exporters once the UK's carbon border tax on imported goods kicks in from 2027, as part of the trade pact. Yet, New Delhi remains hopeful of closing three trade pacts — with the UK, Oman and the European Free Trade Association (EFTA) — early next year, the official said. Iceland, Liechtenstein, Norway, and Switzerland comprise the EFTA. In the negotiations with the UK, the two sides have resolved most of the issues related to rules of origin and intellectual property rights chapters, the official said. The pact has 26 chapters. The UK's demand for liberalisation of norms in services sectors like banking, insurance, and legal, and India's ask for easy movement of professionals are some of the unresolved issues.

free trade agreement (FTA) between India and Oman are moving at a fast pace and the pact is likely to be signed next month, a senior government official said. Officials of the two countries concluded the second round of talks for the pact, officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) earlier this month in Muscat. «With Oman, there is a very good progress and both sides are very eager to conclude this deal.

India over an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun and expressed its willingness to engage with New Delhi in resolving the ongoing conflicts in Ukraine and West Asia. “I would say that we would welcome India’s constructive engagement in these two matters (wars in Ukraine and Gaza) as we welcome constructive engagement from countries around the world,” US state department spokesperson Matthew Miller said. He said the Joe Biden administration has focused a “great deal of time and attention” on the ties with India. Miller’s comments came ahead of foreign minister S Jaishankar’s Moscow trip later this week. India, which has maintained neutrality in the Ukraine war and continued its engagements with Russia, favours dialogue and diplomacy as the way forward to end the conflict. India has strong ties with Israel as well as with the Arab world. The country recently hosted the Sultan of Oman.

MV Ruen, which was hijacked by around six pirates, 680 nautical miles east of Bosaso, the commercial capital of Somalia’s breakaway Puntland region, was moved on Monday to Indian stealth destroyer INS Kochi for medical assistance following a bullet injury in firing by pirates, news agency ANI reported Tuesday. The crew member had a bullet injury near his shoulder during the piracy incident but was reported to be stable.

Haitham bin Tariq, the first by an Omani PM in 25 years, marks an important moment in bilateral ties. As the largest non-Opec producer in the region, and a member of the Gulf Cooperation Council (GCC), the India-Oman bilateral relationship is an important element of New Delhi's partnership with the region. This is reflected in the growing Oman India Joint Investment Fund, now worth $300 million, and progress on the comprehensive economic partnership agreement.

Oman News Agency reported. The Oman Foreign Minister said the Sultan's visit underscores the strength of bilateral relations between the two countries. Sayyid Badr further said that the visit represents a joint commitment to strengthen cooperation that stems from the long-standing foundations of friendship, cultural and economic exchange and continuous interaction between the peoples of the two friendly nations, according to the Oman News Agency. The Oman Sultan arrived in the national capital on Friday for a three-day state visit. He was received by Union Minister of State (MoS) for External Affairs, V Muraleedharan, at the Delhi Airport.

Prime Minister Narendra Modi and Haitham bin Tarik, the Sultan of Oman, on Saturday adopted a new 'India-Oman joint vision, a partnership for future' focusing on ten essential areas, heralding a new chapter in the strategic partnership between the two nations. «India and Oman have had an unbreakable bond of deep friendship for centuries. At one end of the Arabian Sea is India and at the other end is Oman.

₹5.4 billion in 2020-21 to ₹12.3 billion in 2022-23, they added. The two sides are also expected to discuss measures to strengthen the partnership on education. This may include a move to create an exchange and scholarship programme to have more Indian students study in Oman and vice-versa.

A missile fired from Houthi-controlled territory in Yemen missed a container ship traveling through the crucial Bab el-Mandeb Strait

Yemen's Houthi rebels have been attacking ships in the Red Sea, one of the world's major trade arteries

UPI will continue to grow at about 60% in terms of volume above 2023 UPI transactions; P2M will continue to trend higher than that of P2P transactions; P2M will be about 60% of the total UPI volume," said Mehul Mistry, Global Head-Strategy, Digital Financial Services & Partnerships, Wibmo, A PayU Company. “The forecast for 2024 envisions UPI as a pivotal player in promoting financial inclusivity, offering a convenient and interoperable solution for users nationwide.

Duqm Port in Oman will be a key focus when Prime Minister Narendra Modi hosts Sultan of Oman Haitham bin Tarik here later this month. This will be Haitham bin Tarik's maiden trip to India since taking over as Oman's Sultan following demise of his predecessor Qaboos bin Said Al Said, who shared close and special bonds with India. Oman will inaugurate two key infrastructure projects in the Duqm Port complex ahead of the Sultan's India trip and facilities for India at the port will figure high on the agenda. Muscat has given facilities to the Indian Navy in Duqm Port to facilitate their presence in the Indian Ocean Region. The port overlooks the Gulf of Oman, the Indian Ocean and the Arabian Sea.

Mineral fuels, inorganic chemicals, compounds of precious metals and iron and steel are India's top exports to Oman while oil, fertilisers and plastics are the top imports. Officials said that the negotiations will be fast tracked and the pact could be on similar lines as the one with the UAE. India's exports to Oman in April-September FY24 were $2 billion and imports were $2.1 billion. «Discussions have started and the agreement would be a comprehensive one,» said an official.

₹200 crore. The IPO, with a face value of ₹2, consists of a fresh issue of up to ₹200 crore and an offer for sale (OFS) of up to 9.13 million equity shares by the promoter and investor selling shareholders. As per the DRHP, the proceeds from the fresh issue to the tune of ₹90.13 crore will be used for expenditure for opening the new stores, ₹39.99 crore expenditure for opening the anchor stores, ₹10.04 crore expenditure for renovation of the existing stores, and ₹8.18 crore for funding the capital expenditure requirements for the purchase of new machinery and equipment by the company and its material subsidiary, SOSL, and general corporate purposes.

German President Frank-Walter Steinmeier's recent visit to Qatar was marked by an unexpected diplomatic incident that garnered significant attention. Upon his arrival, President Steinmeier was left waiting on the tarmac for nearly 30 minutes, a delay that sparked speculation and raised eyebrows. The incident, which unfolded as President Steinmeier stood at the door of his Airbus A350 with folded arms, was captured in a viral video that circulated widely. Despite the presence of the red carpet, a military honor guard, and Germany's ambassador to Qatar, no Qatari official was initially on hand to formally welcome the distinguished visitor. A report by German news broadcaster DW cited the delay as being due to the absence of Qatari officials at the airport to greet President Steinmeier. However, both German and Qatari officials have refrained from commenting on the delay, leaving the exact cause open to interpretation.

TortoiseEcofin Senior Portfolio Manager Robert Thummel discusses how China's economic woes could impact crude oil prices on «The Claman Countdown.»