CENTRAL BANK OF OMAN

India's central bank is actively working to facilitate rupee settlements with free-trade partners, aiming to boost the local currency. This involves establishing direct rupee rates independent of the US dollar and developing reference rates with sev...

India is set to launch its own RBI-backed digital currency, aiming for simpler, faster, and traceable transactions while reducing paper use. Union Minister Piyush Goyal emphasized that the nation discourages cryptocurrencies lacking sovereign or ass...

India is actively seeking increased foreign investments from the UAE, targeting sectors like infrastructure, technology, and green energy. Both nations are committed to strengthening their strategic partnership, aiming to double non-oil trade to $10...

Given the recent global and domestic developments, there is a greater probability that market sentiment will remain positive for the coming few weeks. Thursday saw the market following in the footsteps of the Dow Jones to celebrate – although somewh...

With limited supply, a rise in agrochemical input demand has created fertile ground for counterfeit products, an issue further aggravated by China’s export restrictions, which were later relaxed, say experts.

With the additional 25% tariff all but a reality, here's a question: What will President Trump say or do next? Can anyone predict that? The answer is no. So, if you cannot predict what the man responsible for all the recent market turmoil will do, w...

Rajiv Ranjan, former MPC member, is now the Vice-President and Chief Risk Officer at the New Development Bank. The BRICS-led bank announced his five-year term appointment on August 23, 2025. Ranjan brings over 35 years of central banking experience ...

Oman aims to attract more international tourists. The nation focuses on Indian visitors due to strong historical ties. Oman targets approximately 11.7 million annual visitors by 2040. Oman promotes corporate travel and destination weddings. In 2023,...

Over the past two years, many countries have started accepting payments through UPI apps. Here is a list of countries where Indians can use UPI to make payments.

The landmark agreement will facilitate the use of RuPay cards and the UPI platform in Oman and collaboration for seamless digital remittances, benefitting Indian workers and professionals.

It is alleged that Sunny Kalra, Director of M/s. White Tiger Steels Pvt. Ltd. fraudulently obtained a bank loan of Rs. 10 crores (approx) from Punjab National Bank, Darya Ganj Branch, New Delhi and clandestinely removed the hypothecated goods which ...

Money exchangers and bankers in Muscat said that NRIs have started resorting to personal loans as rupee touched an all-time low.

Gulf Arab oil exporters will move closer to a unified currency when their rulers meet on Monday in Kuwait, which promised to seek the return of the United Arab Emirates and Oman to the monetary union plan.

Oman's banks will switch over to a Friday-Saturday weekend with effect from July 1, in order to align their banking activities with international markets.

Oman's central bank is ready to tighten bank lending curbs again after inflation hit an 18-year peak of 11.1 per cent in February, Executive President Hamood Sangour al-Zadjali said on Sunday.

With the opening of a new branch in Bahrain and planned opening in Qatar, Bank of Baroda eyes expansion in Gulf.

Kuwait unshackled its dinar from the tumbling US dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil producers into disarray.

Nani Javeri, former managing director, Birla Sun Life Insurance, is moving to Oman to set up a new bank there.

Bank of Baroda has launched a new electronic remittance service in the UAE and Oman that seeks to connect its Indian and Gulf branches.