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Oman
Revised petrol, diesel price announced by Oman's Ministry of Oil and Gas
Oman government on Thursday announced the revised petrol and diesel prices, which will be effective from February 1, 2016. The super grade petrol will cost 153 baisas per litre, 137 baisas for regular…
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100% ownership for foreign investors in Oman?
Expatriates will be allowed to start a business without an Omani partner and no minimum capital requirement will be necessary if a draft law prepared by the Ministry of Commerce and Industry (MoCI) is…
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Crude oil price recovery expected at year-end: Occidental chief
Crude oil prices are expected to start recovering marginally towards the end of the year, said a top-level official of the US-based Occidental Petroleum Corporation. “My hope is that oil prices will…
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Children flock to Muscat Festival
Children can’t seem to hide their joy after seeing the many attractions that the Muscat Festival is offering this year as they take advantage of their school holidays for playtime and fun. The…
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Expatriates in Oman seek more jobs, security in India
On the eve of India’s Republic Day, Indian expats living in Oman are hoping for more jobs and security, as well a growing economy that meets the aspirations of a young and vibrant country. Aloke K,…
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Stock market crash to accelerate economic slowdown in Oman
A slowdown in economic activity in several sectors is expected with investors on the local bourse losing hundreds of millions of rials and the stock market plummeting to a seven-year low. The…
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Call for stricter enforcement of ban on smoking in Oman
A section of the public has called, through social media, that the recent government decision on issues, such as a ban on smoking in enclosed areas and selling fish outside markets, should be enforced…
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Cut in fuel subsidy to earn Oman additional OMR162m
People in Oman will have to pay approximately OMR162 million extra for petrol and diesel as the government has deregulated prices to lessen its burden and cushion the OMR3.3 billion budget deficit. A…
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Call for ‘plastic bag tax’ to boost income, protect environment in Oman
With 2016 having started as a year of austerity in Oman, a ‘plastic bag tax’ would potentially help the government boost its revenues, as well as serve the cause of environment protection. To curb…
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Bigger, Better Than Ever
The weather is pleasant, the New Year spirit very much alive. Muscat Festival 2016 becomes the perfect setting to share in this joy. As the crowds throng the venues, the festival has, of late, been…
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