Five Yemeni Nationals Arrested in Dhofar for Drug Smuggling; Asian National Also Detained

SALALAH — Omani authorities have arrested five Yemeni nationals for illegally entering Omani territorial waters in Dhofar while attempting to smuggle drugs into the country via a fishing boat. The suspects were intercepted by the Coast Guard Police of the Dhofar Governorate Police Command and are now facing legal proceedings. In a separate operation, the…

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Musandam Discovery Diving Centre: Transforming Oman’s Marine Tourism

KHASAB — The Musandam Discovery Diving Centre in Oman’s Musandam Governorate has emerged as a pioneering project turning the region’s deep seas into a premier global destination for diving enthusiasts. The centre has successfully combined passion for the marine environment with tourism development, attracting visitors from around the world. Badr Mohammed Al Shehhi, the centre’s…

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Qatar Joins US-Led Pax Silica Alliance to Secure Critical Technology Supply Chains

DOHA — Qatar has joined the US-led Pax Silica Alliance, a move aimed at strengthening cooperation in semiconductors, critical minerals, and advanced digital technologies. The announcement was made on Monday as part of Doha’s ongoing efforts to diversify its economy and enhance technological capabilities. The Pax Silica Alliance, launched last month in Washington, focuses on…

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UAE Bank Assets Climb to $1.43 Trillion as Credit and Deposits Expand

UAE banking sector assets recorded steady growth in November, rising by 0.8 percent to reach 5.25 trillion dirhams ($1.43 trillion), reflecting continued expansion in credit and deposit activity, according to newly released central bank data. The increase marks a rise from 5.2 trillion dirhams in October, highlighting the sector’s resilience amid broader economic momentum. Gross…

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Oman to Launch International Financial Center to Accelerate Economic Transformation

Oman is preparing to establish an International Financial Center as part of a major initiative to diversify its economy and strengthen its position in the global financial landscape. The new center is designed to attract international investors, promote innovation across financial and professional services, and enhance Oman’s competitiveness as a regional business hub. It will…

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Harvard Delegation Visits King Abdulaziz University to Boost Academic Cooperation

A delegation from Harvard University, including faculty members and students from its business school, has visited King Abdulaziz University in Jeddah to explore opportunities for academic and research collaboration. During the visit, the delegation toured the university’s Faculty of Economics and Administration, where officials highlighted academic offerings, research initiatives, and recent advances in business and…

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