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Oman
Tenancy agreement fee hiked in all Oman governorates
The fee had been fixed at 3 per cent for all lease contracts since 1998. This rate now stands amended. After Muscat, the municipal fee for all the tenancy agreements has been increased from 3 per…
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Think twice before you scribble on banknotes
Those who are in the habit of scribbling on currency notes, beware!!! Banks in the country have started rejecting to accept such notes and customers were sent back from the banks for bringing such…
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Bangladeshi expats in Oman have fewer choices as United Airways suspends operations
As soon as the aircraft becomes serviceable, flights will resume, United Airways said in a posting on the Dhaka Stock Exchange on Thursday. A private carrier of Bangladesh, United Airways, has…
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Muttrah Souq traders at risk of losing everything
Companies are reluctant to provide insurance cover to shops in Muttrah Souq. It is renowned as one of the oldest marketplaces in the Arab world, but shopkeepers at Muttrah Souq face a very modern…
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48-hour jail term for driving on shoulders, warns Royal Oman Police
Drivers found using road shoulders will be detained for 48 hours and then referred to the Public Prosecution for further legal action, the Royal Oman Police (ROP) has warned motorists in a tweet. A…
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Govt working on new industrial strategy
Ministry of Commerce and Industry is targeting investment in the industrial sector, especially from neighbouring countries. The government is working on a new industrial strategy for which an MoU will…
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New Foreign Direct Investment (FDI) law to spur economic growth
The new Foreign Direct Investment (FDI) law, prepared in coordination with the World Bank, will offer more assurances and incentives to the investors. Speaking to the Observer, Redha Juma Mohammed Ali…
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Amended version of motor insurance policy in offing
With more options and transparency, a new unified motor insurance policy is in the final stage of implementation in Oman. While revealing this to Observer, a senior official of the Capital Market…
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Omantel's Hayyak customers to face temporary outage
A four-hour outage will be faced by Omantel's Hayyak customers on Tuesday, the company said in a statement. A four-hour outage will be faced by Oman Telecommunications Company's (Omantel) Hayyak…
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Oman is facing possibility of local, expatriate brain drain
As the global oil price crisis starts to bite deep in the economy, the Sultanate is on the verge of losing its most skilled talents as both Omanis and foreign workers are considering their options to…
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