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  • 52wk High:
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  • 00:49
    Apr, 19
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Currency News

Muscat urges rial-based trade with Tehran

18 Mar 2018 10:33Tehran Times
TEHRAN- According to Omani Foreign Minister Yusuf bin Alawi bin Abdullah cutting reliance on foreign currencies and using Iranian and Omani rial in trade transactions between the two Persian Gulf countries is one of the major requirements to enhance ... more

Moody's cuts Oman's rating on fiscal deficit, subdued economic growth

17 Mar 2018 04:22The National
... plans to finance 84 per cent of its 2018 fiscal deficit - or 2.5bn Omani rials ($6.5bn) - via domestic and foreign borrowings, with remaining 500m rial deficit being serviced via drawdowns of reserves. more

Anonymous Omani businessman spreads holiday cheer

26 Dec 2017 09:45The National
Paul Reyes, a 33-year old Filipino fast food waiter who lost his job recently, couldn't believe it when he received the invitation and said he had never seen “such a gesture” in the 11 years he has worked in Oman. more

S&P cuts Oman's credit rating further on back of rising debt

11 Nov 2017 08:37The National
“The ratings are also supported by what we view as potential support from other neighboring Gulf Cooperation Countries, for example in the event of significant deterioration in its external reserves that support the Omani rial's peg to the US dollar. S ... more

Good news! Oman relaxes visa rules to attract Indian tourists

05 Oct 2017 09:37Economic Times
Now onwards, non-sponsored tourist visas will be granted to citizens of India, China and Russia who reside in or hold an entry visa to the US, Canada, Australia, the UK and Schengen states, the Oman Airports Management Co (OAMC) said in a statement. more

Oman committed to rial's dollar peg, says Central Bank of Oman Board

03 Oct 2017 12:48Times of Oman
The Board of Governors also reiterated its commitment to the current exchange rate regime whereby the Omani rial is pegged to the US dollar and this is due to the realised benefits to the Omani economy in terms of price stability and promoting economic ... more

Omani cover of Despacito tackles burden of dowries

27 Jul 2017 07:14The National
The video has struck a chord with young Omanis who have suffered from the expectation of high dowries that can exceed 9,000 Omani rial. Omani men are forced to take out huge loans to pay for dowries, a bride's jewellery and lavish wedding ceremonies ... more

S&P cuts Oman debt to junk as cheap oil shrinks external reserves

12 May 2017 16:22Reuters
But Bank of America Merrill Lynch (BofA) said in a report last month that the Omani rial's peg to the U.S. dollar was under threat from the country's large deficits. more
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