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- Oman LNG shortlists bidders for fourth liquefaction train
- Mered partners with Reflex Angelo for major Dubai project
- Zain receives 'Best Corporate Governance in Kuwait' award from World Finance
- iPhone 17 available now on Gulf Bank's Gulf Points eStore
- CBO reduces interest rate on repo operations by 25 basis points
- QIA invests USD 500 million in Ivanhoe mines
- QCB cuts current interest rates by 25 basis points
- OPEC: IEA Report Underscores Need for Oil Investments
- District 11: Dh3.5 billion smart work resort sets new standard in Sharjah
- UAE Central Bank cuts key interest rate for first time in 2025, mirroring US Fed move
18/09/2025 04:38 AST
The Central Bank of Oman (CBO) reduces the interest rate on its repurchase operations with local banks by 25 basis points (0.25 percent) starting Thursday, to 4.75 percent.
The statement issued by the Central Bank of Oman clarified that this comes in line with the monetary policy of the Central Bank of Oman, which aims to maintain a fixed exchange rate for the Omani riyal and is consistent with the structure and nature of the Omani economy.
This change also includes a number of advantages for the Sultanate of Oman, including, but not limited to the stability of the national currency, avoiding unusual cross-border capital movements, and enhancing investor confidence by eliminating the risk of exchange rate fluctuations.
This change is expected to contribute to boosting economic activity in the country by lowering financing costs, thereby increasing investment volume and supporting consumption resulting from increased lending.
ONA
26/05/2025
Oman's Asyad Shipping on Saturday announced the purchase of two crude oil tankers, among the largest in the world, with a capacity of up to two million barrels per vessel.
This strategic mov
Asharq Al Awsat
08/05/2025
Asyad Group has announced the launch of its massive cargo vessel, Sohar Max, which utilises wind propulsion technology to achieve enhanced environmental efficiency.
This ambitious initiative
Muscat Daily
13/03/2025
Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday f
Muscat Daily
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18/09/2025
Oman LNG has shortlisted contractors to bid for engineering, procurement and construction (EPC) works for a new processing train at its Qalhat liquefied natural gas (LNG) production complex in Sur.
Trade Arabia
18/09/2025
Mered, an award-winning international real estate developer, has partnered with Reflex Angelo, the global Italian luxury furniture brand, to provide Pininfarina branded furniture for the ICONIC Resid
Trade Arabia
18/09/2025
Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, intends to invest an estimated USD 500 million in the capital of Ivanhoe Mines.
In accordance with the inve
The Peninsula
18/09/2025
The Qatar Central Bank (QCB) announced Wednesday a reduction in current interest rates for deposits, lending, and repurchase agreements, based on the Monetary Policy Committee's decision regarding mo
The Peninsula
18/09/2025
A Dh3.5 billion smart work resort in Sharjah, District 11, is setting a new standard for urban development in the emirate, with Al Marwan Developments spearheading economic diversification in the UAE
Gulfnews
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