Contractors’ body calls for bigger role for local firms, better regulation
In Oman, only 27 per cent of contracting work is carried out by local companies. In other GCC countries it is about 65 per cent. The picture is not that good for the sector, said a senior official

Oman's Aqar sells entire units of Rimal2 amid strong demand for housing
The success of Rimal2 project, located in Wilayat Bousher, is a natural reflection of the status of the project and its level of quality in terms of design and services it provided

Oman Oil subsidiaries, affiliates ink OMR17 million deals with SMEs
Group signed 35 contracts with local Small and Medium Enterprises worth over OMR17 million at the recently concluded Business Opportunities Forum

Octal signing 20 contracts a boost to small enterprises in Oman
Deals involve supply of various products and services including raw materials and process chemicals, lab supplies, logistics services, administration and training to name a few


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Opec divided on crude output cut before crucial meeting
The group's dozen member countries are split on what direction to take after a 30 percent drop in crude prices since June has slashed revenues.
Oman stocks close in green zone
The top gainer was Majan Glass, up by 7.69 per cent. Maha Ceramics, which declined by 1.29 per cent, lost the most
Weak yen saps South Korean export muscle
The massive fiscal stimulus and flood of easy money unleashed by ‘Abenomics’ has sent the Japanese yen plunging to multi-year lows against a basket of major currencies
Oman ranks fifth in economic freedom
The ranking is out of 22 members of the Arab League in the economic freedom of the Arab World 2014 report, launched the Arab World Conference in Amman, Jordan
Oman’s inflation rises in October
Food and non-alcoholic beverages rose by 1.04 per cent, while housing, water, electricity, gas and other fuels grew by 0.24 per cent. Education costs recorded an increase of 4.51 per cent
Asian bankers call for focus on complementary role
Asian Bankers Association conference called for an increased complementary role among banking institutions to gain from the business opportunities offered by Asia
Oman inks concession pact with Medco Arabia, Intaj
These companies will explore oil and natural gas in block 56, which is spread in an area of 5,808 square kilometres in Al Wusta Governorate
Central Bank of Oman plans to issue OMR200m in new bond sale
The central bank executive president said that any investor residing in Oman can apply for the bond issue and the minimum subscription has to be for 100 bonds
Jindal SAW closes club facility worth OMR48.75 million
Commercial Bank of Dubai, Commercial Bank International, Emirates NBD and Mashreqbank were the mandated lead arrangers and book runners
Central Bank of Oman seeks to ensure ample liquidity level
The report issued by the central bank said the Narrow Money Supply recorded a significant increase of 18.1 per cent at the end of September 2014, compared with the same period in 2013
VIDEO: Oman set to float bonds worth OMR200 million in first week of December and other top stories
Business news roundup in around 60 seconds
World’s ultra-rich getting much richer, UBS study reveals
The report said 211,275 million people qualify as “ultra-high net worth” – those with assets above $30 million
Iran vows to ‘safeguard’ its share of crude market
Iran’s crude output has languished under international economic sanctions that deter foreign energy investors and limit its exports to approximately one million barrels a day
Alibaba raises $8b in first US bond offering
The Hangzhou, China-based company, which raised a record $25 billion in an initial public offering in September, will use proceeds to refinance some credit agreements
Singapore moves to regulate taxi booking apps
Singapore’s Land Transport Authority said the apps will have to apply for a three-yearly “certificate of registration” starting from the second quarter of next year

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Remittance tax on expats in Oman back in focus
Taxing expats and cutting defence expenditure are among the proposed steps to meet the deficit due to drop in oil prices
Majlis Al Shura refuses to hike expatriate labour recruitment fee in Oman
Majlis Al Shura economic committee is holding a meeting to discuss various proposals related to labour recruitment
Indian man found dead in Oman
The body was first found by his sponsor, social workers informed
VIDEO: Majlis Al Shura approves tax on expat remittances and other top stories
Roundup of local news and other stories in 60 seconds
Oman crime: ROP seizes arms cache in Dhofar
In another raid, customs officials of the central mail department seized 49 banned items last October
Will a working wife lose resident status if she stays out of the country beyond 180 days? Oman legal expert answers
You can apply for family visa even without a no-objection letter from your wife’s employer as NOC is mandatory only for change of employment visas and not for other type of visas
Smriti turns down demands to make Sanskrit compulsory
Smriti Irani on Saturday dismissed charges that education was being saffronised even as she turned down demands that Sanskrit be made compulsory in the curriculum
Cruise industry booming as tourists flock to Oman
Picturesque locations, renowned hospitality and rich heritage have all contributed to the tidal wave of tourist arrivals in the Sultanate
Earthquake hits off Oman's Musandam peninsula coast
The tremor had a depth of 10 kilometres
Gulf Cup football: Oman confident of reaching final
While a 5-0 victory against Kuwait sealed their place in the last four, the accolades that followed that achievement boosted the morale of Oman who face Qatar in the semifinals on Sunday
Omantel working to resolve network glitch
From about 1.30pm today a number of Omantel subscribers have not able to make phone calls or use the Internet
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Sohar airport opens, first flight lands at the airport
Like Duqm airport, the early operations at Sohar airport were started even before completing the terminal building of this green field airport
9 Comments
Ooredoo celebrates National Day with free calls in Oman
Customers will be able to activate the offer on 17th November
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Missing Indian boy in Muscat found
The 12-year-old missing boy is a Class VI student of Indian School Darsait
6 Comments
Sunday Beat: Why thousands of Omanis quit jobs in private sector?
The process of Omanisation is not just to find an Omani national a job but it is about staff retention and career progression
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Omani taxi driver who sums up honesty
Saeed has been working as a taxi driver since 1985 and despite facing hardships at times, he has never ever kept valuables that passengers forget in his car
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Companies violating Oman consumer protection laws might be named and shamed under proposed law
With PACP reporting rising consumer law violations, wary people are demanding harsher penalties for the perpetrators in the amended law
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Muslims discovered Americas: Erdogan
Muslims discovered America in 1178, not Christopher Columbus, the Turkish president said in a televised speech
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Oman's National Day holiday announced
Minister of the Diwan of Royal Court announced National Day holidays
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Ban on firm over Oman National Day fireworks error
The company responsible for the fireworks display at the National Day has been banned after the firecrackers exploded close to a group of people
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Ban on firm over Oman National Day fireworks error
The company responsible for the fireworks display at the National Day has been banned after the firecrackers exploded close to a group of people
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Voluntary blood donations rising in Oman
‘Replacement donations’ are being phased out and substituted by voluntary blood donations, says a medic from the Ministry of Health
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Missing Indian boy in Muscat found
The 12-year-old missing boy is a Class VI student of Indian School Darsait
6 Comments
VIDEO: His Majesty Sultan Qaboos bin Said addresses the nation
His Majesty expressed his happiness and thanked the people of Oman for their wishes and prayers.
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Oman National Museum set for trial launch
Select visitors will be invited to the museum during the trial to observe the operations in the museum of the information system, security and safety, showcases, graphic designs and visitors’ services
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Sohar airport opens, first flight lands at the airport
Like Duqm airport, the early operations at Sohar airport were started even before completing the terminal building of this green field airport
9 Comments
Times of Oman Quiz: Daily Prize Challenge - Day 19
Test your knowledge and enter the Times of Oman Quiz 2014 every day to stand a chance of winning a prize.
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Oman signs concession pact with Medco Arabia, Intaj for developing block 56
Oman’s Ministry of Oil and Gas on Thursday signed a concession agreement with Medco Arabia and Intaj for exploring and developing block 56, which has crude oil and natural gas deposits.
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Companies violating Oman consumer protection laws might be named and shamed under proposed law
With PACP reporting rising consumer law violations, wary people are demanding harsher penalties for the perpetrators in the amended law
3 Comments
Prince Harry's tribute to Oman's Sultan Qaboos Grand Mosque
Prince Harry was shown around the stunning mosque by a member of the Diwan Higher Centre for Culture and Science
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