Economy | Omanet

Shift to Digital Payments in Oman: What Only 19% Cash Usage Means for Your Business Strategy

Visa’s report reveals that 64% of Omani consumers mostly use cards or mobile devices for payments, a 15% rise from

AeroVecto and Vigelon Partner on eVTOL Software Solutions: What This Means for Oman’s Emerging Aviation Tech Market

AeroVecto Aviation Services (AVAS) signed an MoU with Canadian Vigelon to distribute AI-powered predictive maintenance software for eVTOLs in Oman.

Stocks Plunge Amid Greenland Tensions: What Investors Need to Know for Business Stability

President Donald Trump’s standoff with Europe over Greenland sparked investor fear, dropping the S&P 500 over 2%, weakening the dollar,

Thawani Pay and Network International Partnership: What It Means for Payment Solutions and Business Growth in Oman

Thawani Technologies LLC (Thawani Pay), Oman’s first non-bank payment service provider licensed by the Central Bank, partners with Network International

RO 250 Million Transmission Projects Underway in Oman: What This Means for Investors and Business Growth

By CONRAD PRABHU
Economy

Oman Electricity Transmission Company (OETC) is executing over RO 250 million in projects to integrate wind and gas-based IPPs into

IFC Supports Oman’s Entry into Global Solar Supply Chains: What This Means for Investors and Entrepreneurs

By Jomar Mendoza
Economy

The International Finance Corporation (IFC) is backing United Solar Polysilicon’s major Sohar project, marking a key move in Oman's industrial

Metrology Lab Designation in Oman: Key Changes and What They Mean for Industry Investors and Business Owners

By Oman Market
Economy

The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) held a workshop to review measurement and calibration labs, enhancing Oman’s

Bank Muscat Launches Instant Personal Loans via Mobile App: What This Means for Borrowers and Business Growth in Oman

Bank Muscat in Oman has launched an instant personal loan through its mobile app, offering up to OMR 15,000 with

Indian Central Bank Sells Dollars to Stabilize Rupee: What It Means for Investors and Businesses in Oman

By Reuters.
Economy

The Indian central bank was likely selling dollars to limit the rupee's weakness, four traders told Reuters. The rupee hovered

Oman’s New Investment Court: What Faster 90-Day Dispute Resolution Means for Your Business

By CONRAD PRABHU
Economy

A new Investment and Commercial Court in Oman will resolve disputes within 90 days, with a 45-day extension for complex

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