September 7, 2025

Oman and Kazakhstan Forge Financial Cooperation Through MoU

Astana: The Sultanate of Oman, represented by the Financial Services Authority (FSA), and the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market have signed a Memorandum of Understanding (MoU) aimed at enhancin…

Muscat: The industrial sector in the Sultanate of Oman registered unprecedented performance during the second quarter of 2025, with the combined net profits of industrial companies listed on Muscat Stock Exchange rising to approximately RO 24.47 million, compared to a mere RO 4.25 million during the corresponding period in 2024, posting a growth rate of more than 476 percent. The accomplishment constitutes a clear indicator of the sector’s resilience, its ability to adapt to economic developments and its position as a vital pillar of the national economy.

According to Oman News Agency, the outcome reflects the notable gains made by major companies. Among those, OQ Basic Industries (OQBI) achieving a significant transition, shifting from losses of RO 3.38 million in the second quarter of 2024 to profits…

Future Fund Oman Launches Lending Portfolio for SMEs

Muscat: Future Fund Oman, affiliated to Oman Investment Authority (OIA), has announced the launch of its lending portfolio for small and medium enterprises (SMEs). The step reflects the Fund’s strategic approach to support the entrepreneurship system …

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