The economy is expected to contract very sharply in 2020 amid the weakness of oil prices and the disruptions from COVID-19. Fiscal and external deficits will remain under immense strain due to ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...

Cash-strapped Oman plans to take a step unheard of in the Persian Gulf region: It’s going to start taxing the income of wealthy individuals beginning in 2022, as part of a broader program to tackle a ...

DUBAI (Reuters) - Oman's economy likely shrank 6.4% in 2020, the International Monetary Fund said on Friday, due to the coronavirus crisis and low oil prices putting a strain on the state's coffers.

Oman, which hasn’t changed electricity costs for residential consumers since 1987, will start removing power and water subsidies for the biggest consumers as soon as next month as it tries to tame one ...

MUSCAT, Oman--(BUSINESS WIRE)--Raysut Cement Company (RCC), Oman’s largest cement manufacturer, scooped seven awards at two Best Employer Brand Awards, one focused on Oman companies and the other on ...

Oman’s largest bank by assets is also the Sultanate’s best bank. It is big in its home territory: Bank Muscat is three times the size of Oman’s second- , third- and fourth-largest lenders combined. In ...

The Central Bank of Oman (CBO) has warned citizens and residents of the "high risks" of using cryptocurrencies in a statement issued through the Oman News Agency.