Business


Moving cargo activities from Muscat to Sohar critical for tourism, industrial development: Cluttons

by Times News Service
This strategic move by the Oman Government is a positive step in making the best use of both ports, resulting in a win-win situation for Muscat and Sohar, and critical to future tourism and industrial development. Photo: Supplied
The Government’s deadline for receiving container, cargo and project materials vessels at Port Sultan Qaboos is August 31, 2014, after which they would be transferred to Sohar Industrial Port

read more
Projects worth Omani Rial 300m to beautify Duqm
Special Economic Zone Authority at Duqm has earmarked 25 square kilometres area for tourism projects in a bid to attract tourists and investors

Savings and deposits in Oman’s banks rise
According to Oman’s central bank, quasi-money witnessed a growth of 8.5 per cent. The share of quasi-money to the total money stock declined to 63.9 per cent in June 2014

Tender for Rusayl Industrial Estate expansion floated
The last date for distributing tender documents is September 29, while the tender will be opened on October 27

Next big bailout for US banks could be forced by cyber-attack
Even if customers don’t lose money from a hacking assault on JPMorgan Chase, the episode is a reminder that banks with the most sophisticated defences are vulnerable


More in Business
Microsoft will not hand over overseas email, despite order
Chief Judge Loretta Preska of the US District Court in Manhattan had on July 31 upheld a magistrate judge’s ruling on the emails, which have been held in a data centre in Ireland
EU to discuss jobs, growth at summit in Italy
French President Francois Hollande called for a ‘relaxing’ of the European Central Bank's monetary policy
Consumer spending in US drops in July
Household purchases fell 0.1 per cent after increasing 0.4 per cent in June, Commerce Department figures showed on Friday in Washington
Opec crude output increases in August
Opec production rose by 891,000 barrels a day to 31.033 million, according to the survey of oil companies, producers and analysts
Unaware of any ‘significant’ cyber attack, says US banking group
FS-ISAC told members in the email that it decided not to raise its barometer of threats facing banks during a regularly scheduled conference call on Thursday
Malaysia Airlines to slash 6,000 jobs in survival bid
Khazanah Nasional, which controls the failing flag carrier, said it would pump $1.9 billion into the airline, hoping the changes will return the company to profitability within three years
India’s GDP rises by 5.7 per cent, beats estimates
Modi is banking on growth to cut budget deficit to a seven-year low, after keeping subsidies largely unchanged and faces the task of rejuvenating Asia’s third-largest economy
Pakistan stocks soar
The KSE 100 Index jumped 3.2 per cent to 28,660.97 at 12:13pm in Karachi, poised for its largest advance since the recovery from the global financial crisis in July 2009
Oman asks PDO to raise oil production to 600,000bpd
Government has asked the majority state-owned Petroleum Development Oman to raise its crude output from its long-term plateau of 500,000-550,000bpd
Global equities touch record $66 trillion as S&P 500 hits 2,000
Shares worldwide added over $2.2 trillion in value since August 7. The S&P 500 has risen for 10 of the last 13 days
Dubai World agrees on $10 billion deal with creditors
State-owned company agreed with its creditor committee to repay in 2022, four years later than previously agreed on
Book highlights Oman’s oil and gas extraction techniques
The fourth edition of ‘The Oil & Gas Year’ presents the Sultanate’s in-depth look at the country’s success in enhanced oil recovery and the development of the Khazzan field
Al Hassan Engineering wins $68 million contract
One of Oman’s leading engineering, procurement and construction contractor won a contract from Daelim-Petrofac Srip (Joint Venture) to develop a project in Sohar
Oman floats tender to select consultant for road project
Oman’s Ministry of Transport and Communications floated a tender to select consultant for supervising the Ibri-Yanqul dualisation project
Malaysia Airlines staff brace for job cuts
In the government restructuring, up to a quarter of the employees may be axed

POPULAR IN TIMES
Oman healthcare sector facing crunch of medics
With health facilities booming in Oman, there has also been an upswing in the quality of treatment, in view of the growing competition
Pollution, smoking, obesity and accidents kill 4.7m Chinese a year
Air pollution, smoking, obesity and accidents, especially on the road, kill at least 4.7 million Chinese a year and cost the country tens of billions of dollars, researchers said on Friday
US sends arms to bolster Lebanon after militants' incursion
The United States has begun delivering nearly $20 million of arms including assault rifles, anti-tank missiles and mortars to bolster Lebanon’s army after insurgents seized a border town
Movie Review: Chennai Express
SRK unleashes all his charm and experience over the years into his character and comes up with a winning performance
Go Africa - The latest buzz in global fashion
Designer Stella Jean caused a serious buzz at the Milan Fashion Week with African-inspired prints and street-stylers are taking up the trend as though there’s no tomorrow.
Crimes by expats dipped 28% last year in Oman
Oman witnessed a dip in crime because of the increased efforts of a watchful ROP and active cooperation from other government authorities
Nato tells Russia to halt ‘illegal’ actions in Ukraine
Fears of a wider confrontation have spiralled after Nato said Russia had sent troops to fight in Ukraine and funnelled huge amounts of heavy weaponry to pro-Kremlin rebels
Reports of bogus policemen denied by Royal Oman Police
ROP asked people to call 9999 if they come across any such cases.
Unaware of any ‘significant’ cyber attack, says US banking group
FS-ISAC told members in the email that it decided not to raise its barometer of threats facing banks during a regularly scheduled conference call on Thursday
Oman's population set to rise by 2.4m by 2040
313,000 will be the population of Muscat by 2040 as per the new report of National Centre for Statistics and Information with those in the 25 and 64 age group comprising 75.6% of it
Omani, expat dead in horrific Muscat flyover crash
Eyewitnesses claimed that the accident took place around 4 pm near OK Centre in Ruwi in which one citizen and one expatriate died in the crash
12 Comments
Indian expat dies in road accident in Samail
P Najeeb, the victim who hailed from the Indian state of Kerala was working for a private firm in Nizwa
5 Comments
Video: Oman students take ‘ice bucket challenge’
The campaign has gone viral, as some of the most famous people in the world, from pop stars to senior politicians, having participated by having buckets of ice water poured over their heads
3 Comments
Movie Review: Chennai Express
SRK unleashes all his charm and experience over the years into his character and comes up with a winning performance
3 Comments
Customers demand smaller plastic bags at Oman's supermarkets
Most people support the idea of adding small and medium-sized plastic bags at the supermarkets
2 Comments
Oman Air flights to Jakarta and Manila from December 2
Flights to both destinations will depart Muscat around midday and arrive at the destinations in the early morning of the following day, offering convenient timing for travel from the respective airpo
2 Comments
The power of a woman in Oman
Women now are taking no nonsense attitude as they clearly make their actions felt instead of purely relying on their voices to be heard.
1 Comments
Oman sends new aid convoy to Gaza
Oman dispatched a new convoy of humanitarian aid to the displaced and affected people of the Gaza Strip
1 Comments
Oman's consumer protection body warns against hike in price of goods
Public Authority for Consumer Protection (PACP), has warned against any increase in prices of commodities or services at any of the commercial centres without the consent of the public authority
1 Comments
Oman asks PDO to raise oil production to 600,000bpd
Government has asked the majority state-owned Petroleum Development Oman to raise its crude output from its long-term plateau of 500,000-550,000bpd
1 Comments
The power of a woman in Oman
Women now are taking no nonsense attitude as they clearly make their actions felt instead of purely relying on their voices to be heard.
1 Comments
Indian expat dies in road accident in Samail
P Najeeb, the victim who hailed from the Indian state of Kerala was working for a private firm in Nizwa
5 Comments
Book highlights Oman’s oil and gas extraction techniques
The fourth edition of ‘The Oil & Gas Year’ presents the Sultanate’s in-depth look at the country’s success in enhanced oil recovery and the development of the Khazzan field
1 Comments
Oman's consumer protection body warns against hike in price of goods
Public Authority for Consumer Protection (PACP), has warned against any increase in prices of commodities or services at any of the commercial centres without the consent of the public authority
1 Comments
Oman sends new aid convoy to Gaza
Oman dispatched a new convoy of humanitarian aid to the displaced and affected people of the Gaza Strip
1 Comments
Indian stocks’ dream run continues
Sensex on Wednesday jumped over 117 points to settle at new closing peak of 26,560,while Indian currency dropped marginally
1 Comments
Oman asks PDO to raise oil production to 600,000bpd
Government has asked the majority state-owned Petroleum Development Oman to raise its crude output from its long-term plateau of 500,000-550,000bpd
1 Comments
Accident rescue up in Oman as reckless drivers ignore warnings
A total of 755 accident rescue cases were reported in July 2014 as compared to 496 during the same period in 2013
1 Comments
Indian woman kills leopard with sickle
A 56-year-old Indian woman is recovering in hospital after killing a leopard that attacked her as she tended her fields armed only with a sickle.
1 Comments
Oman-based NRI businessmen plan to invest $100m in India
The plan envisages floating a co-operative of cultivators who will supply organic fruits to the company which is likely to be set up in Nagpur.
1 Comments




LATEST IN TIMES