Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on Oman Business Journal.

Persian Gulf-Black Sea corridor: A new era for Iran-Europe trade or just another risk?
In 2016, Iran proposed a regional initiative to develop the Persian Gulf-Black Sea International Transport and Transit Corridor (ITC), which would include Armenia, Azerbaijan, Georgia, Bulgaria, and Greece. This multi-modal corridor will begin in...

Optiva Inc. Reports Third Quarter 2024 Financial Results
Revenue of $12.0 million Total Contract Value (“TCV”)(1) bookings of $8.8 million Gross margin of 58% Adjusted EBITDA(1) loss of $0.6 million EPS loss of $ 0.54 $12.8 million of cash TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Optiva Inc. (“Optiva”...

SIOS Technology Announces Strategic Partnership with FCS InfoTech to Deliver High Availability and Disaster Recovery Solutions Across India and the GCC Region
SAN MATEO, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- SIOS Technology Corp., a leading provider of application high availability (HA) and disaster recovery (DR) solutions, today announced a strategic partnership with FCS InfoTech, a rapidly growing...

Iran Demands More Time Before Resuming Talks with U.S.
(MENAFN) Iran’s Foreign Minister, Seyed Abbas Araghchi, has stated that the country requires additional time before deciding on the possibility of restarting negotiations with the United States. In an exclusive interview with a news outlet in...

Agios Reports Business Highlights and Third Quarter 2024 Financial Results
– Completed Enrollment of the Phase 3 RISE UP Study of Mitapivat in Sickle Cell Disease; Topline Data from 52-Week Study Expected in Late 2025 – – Received $1.1 Billion in Payments from Royalty Pharma and Servier, Following FDA Approval of...

Oil Prices See Uptick as Weaker Dollar Fuels Demand
(MENAFN) Oil prices saw a modest uptick on Monday, as traders sought to capitalize on last week's declines while a weaker US dollar fueled demand. Brent crude, the global benchmark, gained 0.37%, reaching $66.58 per barrel at 10:32 a.m. local time...

DarGlobal Roadtour Prague: Exclusive Investment Opportunities in Oman – First Time in Prague
Prague to Host Exclusive Oman Real Estate Investment Event: DarGlobal Roadtour on October 18-19, 2024 PRAGUE, CZECH REPUBLIC, October 18, 2024 /EINPresswire.com/ -- The Four Seasons Hotel in Prague will host the DarGlobal Roadtour: Exclusive...

Iran Blasts U.S. for "Betraying" Diplomacy by Supporting Israeli Attacks
(MENAFN) Iran's Foreign Ministry sharply condemned the United States on Monday, accusing Washington of "betraying" diplomacy and jeopardizing future nuclear negotiations. The criticism stems from the U.S.’s alleged involvement in Israeli military...

Iran Slams Trump's 'Disrespectful Tone' Towards Iranian Supreme Leader
(MENAFN) Iran's Foreign Minister, Seyed Abbas Araghchi, asserted early Saturday that if U.S. President Donald Trump is truly committed to negotiating with Tehran, he must abandon his "disrespectful tone" towards the Iranian Supreme Leader....

Global Markets React Cautiously Amid Tensions
(MENAFN) International financial markets opened the week on an uneven path, influenced by mounting hostilities between Iran and Israel. These anxieties intensified after the United States launched aerial attacks on Iranian nuclear sites early...

Markets Rattle After U.S. Strikes on Iran Nuclear Sites
(MENAFN) Global financial markets opened the week on a mixed note amid escalating tensions between Iran and Israel, following the US airstrikes on Iranian nuclear facilities early Saturday. The attacks have intensified worries about a potential...

Islamic Finance Market to Reach $8.07 Trillion, Globally, by 2032 at 9.7% CAGR | Vantage Market Research
Islamic Finance Market Size, Share, Industry Trends, Growth, and Opportunities Analysis by 2032 224 W 35TH ST STE 500, NY, UNITED STATES, September 18, 2024 /EINPresswire.com/ -- The Islamic Finance Market was valued at USD 3.5 Trillion in 2023,...

Viridien selected to support technology-driven mineral exploration program in Oman
Paris, France – September 19, 2024 Viridien has been awarded a comprehensive remote sensing program by Minerals Development Oman (MDO), the leading mining entity in the Sultanate of Oman, to identify, map and rank mineralization prospectivity...

Beam Global and Platinum Group UAE Sign Joint Venture Agreement Creating Beam Middle East LLC
SAN DIEGO, June 26, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it has entered...

Accelerating Change: The Upcoming Conference on Digital Transformation, AI, and Customer Experience in Banking
As the financial world rapidly evolves, Dubai is set to host the Middle East Banking Innovation Summit 2024, scheduled to take place in less than a month DUBAI, UNITED ARAB EMIRATES, August 26, 2024 /EINPresswire.com/ -- The banking sector is...

Private Office of HH Sayyid Faris Bin Fatik Al Said Announces New Investment Opportunities in Oman
MUSCAT,, SULTANATE OF OMAN, August 19, 2024 /EINPresswire.com/ -- The Private Office of His Highness Sayyid Faris Bin Fatik Bin Fahar Al Said is pleased to announce a new initiative aimed at encouraging and facilitating investment in the...

Washington raids Iranian nuclear locations
(MENAFN) U.S. President Donald Trump has confirmed that American forces launched a major assault on three Iranian nuclear facilities early Sunday. The targets—Fordow, Natanz, and Esfahan—were hit in what Trump described on his Truth Social...

Israel, Iran announce victory
(MENAFN) Israel and Iran have both declared victory following the start of a US-brokered ceasefire that took effect on Tuesday, bringing an end to nearly two weeks of intense and unprecedented conflict between the long-time regional adversaries....

Health and Wellness Market Size Worth USD 11 Trillion by 2034
Ottawa, June 24, 2025 (GLOBE NEWSWIRE) -- According to Precedence Research, the global health and wellness market size valued at USD 6.87 trillion in 2025 and is projected to reach USD 11 trillion by 2034, growing at a CAGR of 5.40% from 2025 to...

Apollo and Vale Enter Into Joint Venture Partnership Related to the Vale Oman Distribution Center
NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced a definitive agreement under which Apollo-managed affiliates, funds and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture...