Business


ECB all set to take over as banking watchdog

by AFP
ECB taking on the role of banking supervisor will prove to be one of the most profound and far-reaching changes so far. Photo: Bloomberg file
The European Central Bank has seen its role of central bank drastically redrawn in the financial and economic storms that have battered the region during the long years of crisis

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Consumer spending in US declines unexpectedly
Expenditures decreased 0.2 per cent last month, weaker than any economist projected in a Bloomberg survey, after rising 0.5 per cent in August

Microsoft unveils $200 fitness band, related free health app
The Microsoft Band works with the company’s free Health application, which can run on its Windows system, Apple’s iOS mobile software and Google’s Android

Nintendo reports profit in first half
Net income was 24.2 billion yen ($224 million) in the three months ended on September 30, compared with a loss of 8 billion yen a year earlier

Samsung shares jump on revamp bets
Samsung shares jumped 5.3 per cent at the close in Seoul after saying it would detail a shareholder return policy during its fourth-quarter


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US growth, Japan stimulus lift Indian stock markets
Barring consumer durables, all 11 other sectoral indices finished with gains between 0.45 per cent and 2.66 per cent.
Ooredoo achieves 28% growth in net earnings at OMR29m
The total number of customers grew by 6.5 per cent during the first nine months of 2014, up from 2,360,609 to 2,514,231
Ithraa official urges public agencies to provide better services
Public sector should come up with innovative solutions in the services that it is providing to attain a higher level of competitiveness, said an Ithraa official
Oman logs lowest inflation among GCC states in August
Oman recorded the lowest inflation of 1.06 per cent among the GCC member states with annual inflation rates ranging between 1.06 per cent and 3.8 per cent by August 2014
Electricity Holding staff to present papers at conference
Conference will feature high-profile local and international speakers that will provide insights and industry’s best practices
Bank Muscat’s Islamic unit plans maiden sukuk
A size for the issue has yet to be determined, but it would fall under a OMR500m sukuk programme which the bank's shareholders approved in March this year
Oman stocks end flat
Al Anwar Holding was the most active in terms of volume as well as turnover. The top gainer was Al Hassan Engineering, while Dhofar Cattlefeed lost the most
'Low oil prices not to affect growth, if Oman's government continues investment'
If there is no impact on spending behaviour in the wake of a fall in oil prices, there will not be any major impact on growth according to experts
Al Maha share offer raises OMR155m
As many as 34,851 investors applied for the share offer. The shares will be listed on the Muscat Securities Market on November 3
Oman stocks fall below 7,000-mark
The top gainer of the day was Construction Materials, up by 2.04 per cent, while Al Batinah Development, down by 4.71 per cent was the top loser of the day
Bank Muscat, Shadeed Iron & Steel mark financial closure of loan facility
The ceremony coincided with the visit to India of a high-level Omani business delegation led by Dr Ali bin Masoud Al Sunaidi, Minister of Commerce and Industry
HSBC Bank Oman posts OMR9.5m profit for nine months
Net operating income before loan impairment charges increased by 2.1 per cent to OMR53 million compared to OMR51.9 million for the same period in 2013
Oman LNG inks six agreements to support social welfare sector
In Wilayat of Sohar, Oman LNG will provide funds to equip Al Noor Association for the Blind with Perkin machines, pieces of modern braille sense equipment, and laptops
Private sector invests over RO 43 Million in Duqm
Under the agreements, SEZAD has given the investing companies the right to utilize the land for the projects that will be constructed in the Zone
Oman's Al Maha share offer receives overwhelming response
The OMR7.9m initial public offering that closed on October 15 has received a subscription to the tune of 19 times

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Tropical cyclone Nilofar: Muscat governorate receives rain
Oman Met department forecasted on Wednesday isolated rain in the governorates of South Al Sharqiyah and Muscat till Thursday evening
US Embassy in Muscat notifies American community of extremist website posting
The US embassy also recommended individuals to follow personal security practices
Three people found dead after flash flooding in Oman wadi
Public Authority of Civil Defence and Ambulance said it rescued five persons
Are beaches in Oman safe?
The recent drowning incidents have suddenly raised the question
Women must push themselves for higher positions
Women might as well go into social isolation further by establishing Women-Only-Zones since they are determined to isolate themselves
Sweden recognises State of Palestine
Palestinian president Mahmud Abbas immediately hailed Stockholm's decision as "brave and historic" and called for others to follow suit.
Oman registers lowest in GCC Inflation Index
Qatar witnessed the highest rise in inflation amongst the GCC, recording 3.8% increase of prices by end of August 2014
Oman, India to strengthen economic, services industry ties
The meeting discussed the strengthening of economic and trade relations between the private sectors in both countries by holding meetings, and exchange of visits by trade delegations.
Grit and Gumption - 15 Omani drivers determined to make history at Oman International Rally
They are up against some of the big-spending foreign teams in the rally circuit, but 15 Omani drivers, who face paucity of funds, are determined to give the favourites a run for their money
Expats can return to Oman on tourist visa
An expatriate facing two-year ban can return on a tourist visa, or a family joining visa or an investor visa, the ROP has clarified
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Are beaches in Oman safe?
The recent drowning incidents have suddenly raised the question
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Philippine School Oman girls clinch Muscat Secondary Schools League volleyball title
The PSO Girls Volleyball Team finished the tournament with a dominant performance and an unblemished record of 6 wins and 0 losses.
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Are beaches in Oman safe?
The recent drowning incidents have suddenly raised the question
1 Comments
Philippine School Oman girls clinch Muscat Secondary Schools League volleyball title
The PSO Girls Volleyball Team finished the tournament with a dominant performance and an unblemished record of 6 wins and 0 losses.
1 Comments
Expats can return to Oman on tourist visa
An expatriate facing two-year ban can return on a tourist visa, or a family joining visa or an investor visa, the ROP has clarified
2 Comments
New service tax on remittance upsets Indians in Oman
It is surprising that when many countries are offering incentives for legal fund transfers, India is imposing tax
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Two-year visa ban to stay in Oman for expats
The rule banning re-employment of expats on their return is still in force and no missive has been received from the cabinet or any other authorities for its suspension
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In Oman now register domain, website in your name: Telecommunications Regulatory Authority
Individuals can now register a website or a domain in their name, the Telecommunications Regulatory Authority (TRA) announced on Monday
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How to fulfill a poor child's needs in Oman?
It was an embarrassing moment and a humiliating one, too. Everybody with small children would relate to such an incident
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New App used for teaching Mathematics and Geosciences at GUtech
This app was developed by a team of Computer Scientists and Engineers at GUtech’s parent-university, RWTH Aachen University in Germany.
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Read those riders carefully before buying cheap air ticket: Oman's Public Authority of Consumer Protection
Before you buy the ‘cheapest air tickets’ you must read the conditions carefully as you could lose money
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