Oman plans spot market for electricity; appoints consultant
As a first step, Oman Power and Water Procurement Company has appointed John Mather as project manager for implementing a new spot market pricing mechanism

CBO chief stresses on reducing risks
Different ways to reduce systemic risks resulting from the domestic systematically important banks (D-SIBs) were discussed by experts at a regional seminar

Oman share index rises marginally
Ahli Bank, up by 6.81 per cent, was the day’s top gainer while Gulf International Chemicals, down by 9.92 per cent was the top loser on Monday.

Oil drops on fears Iran deal could expand glut
Iranian and Western diplomats worked toward a nuclear deal that may lead to the Islamic Republic boosting oil exports


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12 firms in Oman seek pre-qualification for Barka, Sohar water projects
Two successful bidders will be selected to develop independent water projects in Barka and Sohar.
Banks face global push to prepare for higher interest rates
Basel Committee on Banking Supervision is weighing updating its standards for capturing interest-rate risk on assets banks plan to hold to maturity, Stefan Ingves, the regulator’s chairman, said
German exchange set to invest in Indian bourses
Deutsche Boerse will invest 5 per cent in a planned commodities exchange and also take a holding in a new stock-trading venue in Gujarat
Volvo Car to build $500 million plant in US to revive sales
New plant will start operation in 2018 and produce vehicles built with the same underpinnings as the XC90 sport-utility vehicle
Omani firm buys back stake from Sharakah
Ben Bella Trading received equity financial support from Sharakah in 2011
Oman is gearing up for local products’ expo in Saudi Arabia
Oman is participating on the fourth Omani Products Exhibition — Opex 2015 scheduled to be held from May 18 to 21, at Jeddah Centre for Forums and Events in Saudi Arabia
Middle East firms face rising costs to fight financial crime
More than half of the companies reported a climb of higher than 25 per cent in the past two years, according to a survey
India is among top source markets for capital into Dubai
Out of a total of 41 source countries, the top ones — US, UK, India, the Netherlands, Germany and Italy — generated a total of Dh23.9 billion
Beijing urged to be vigilant on deflation
Central bank governor signaled further steps to prop up an economy that has slowed ‘a bit too sharply.’
Oman's Duqm zone floats pre-qualification tender for seawater project
Contract is for building facilities for supplying seawater for cooling industrial plants in Duqm economic zone
Oman share index rises marginally
Ahli Bank, up by 6.70 per cent, was the day’s top gainer while Al Sharqia Investments, down by 7.45 per cent, was the top loser
US labour market to add heat to Fed lift-off debate
Labour market data are therefore likely to be the highlight of the economic week, providing a further signal to the Fed on the health of the US economy and its capacity to withstand rate rises.
India holds ‘Make in India’ fortnight in Germany
The series of events were organised by the Consulate in the lead up to Modi’s upcoming visit to Germany to inaugurate the Hannover Trade Fair where India will be the partner country.
Central Bank Oman to host regional seminar
The seminar aims at enhancing the manpower skills of the GCC regulators, as well as boosting the supervisory and regulatory systems of the GCC countries
VIDEO: Oman's Duqm economic zone floats key tender & other stories


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Will Omanisation and expat labour policies be re-examined? Oman's Minister of Manpower hints they might
The meeting, held at the Knowledge Oasis Muscat, offered a platform for industrialists to interact with ministers and their counterparts.
Do you need employers clearance to re-enter Oman? Our legal expert answers
Even though, an expatriate has exceeded the limit of 179 days, the visa and resident status will remain active in the computers unless the employer has cancelled the same
Yemen crisis: Air India rescue plane to Sanaa stuck in Oman due to delay in clearance
Sources at the Indian consulate in Saudi Arabia said that they are working to get clearance as soon as possible.
Omani, expatriate motorists to be fined for misusing taxi lanes in Dubai
Smart cameras have been installed on some roads, while Dubai Police patrols will continue to monitor other roads
Oman weather: Temperatures set to soar in the Sultanate
Temperatures in places such as Sur, Ibri, Haima have already reached 38 degree Celsius today, according to Oman's Meteorology.
A rare glimpse into the daily life of blind Omani scholar in US varsity
27-year-old Noah Al Hadidi, who is currently studying computer science at Colorado State University, in the United States of Ameriica (USA)
Warplanes hit Yemen's Sanaa overnight, after dawn-residents
One of the residents said the strikes appeared mainly focussed around the diplomatic quarter of the capital
Yemen crisis: Arab League leaders reach consensus on unified force
Arab leaders have agreed to create a unified Arab force as Oman expressed hope for security and stability in the region on Sunday
From Muscat to Sanaa: Air India rescue plane lands in Oman on way to Yemen
An Air India Airbus A-321, with capacity to carry 180 passengers, flew on Monday morning from New Delhi to Muscat, Oman
Oman accident: Road deaths drop but toll still runs to 15 per week
While authorities, road safety experts and parliamentarians have welcomed the dip in figures, they feel more needs to be done
Is payment or compensatory off is mandatory for working overtime? Oman legal expert answers
If the work falls in the weekly off day or on public holidays, the employee shall be entitled to a double wage.
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McCain tells Obama to get over Netanyahu tantrum
US Senator John McCain asked on CNN’s ‘State of the Union’ show if US-Israel relations were at a dangerous point, said, ‘I think that’s up to the president of the United States.’
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Oman traffic: Indian Social Club to relocate from Darsait
The Indian Social Club building is at present situated on the premises of the Indian School Muscat in Darsait.
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Lies being spread, land bill not anti-farmer: Indian prime minister
Directly reaching out to farmers over the controversial Land Acquisition Bill, Prime Minister Narendra Modi on Sunday asked them not to be misled by “rumours and lies”
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Oman crime: Family relives 32-hour kidnap ordeal
Mentally and physically we are shattered and fear that we may be attacked again, says family
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Is payment or compensatory off is mandatory for working overtime? Oman legal expert answers
If the work falls in the weekly off day or on public holidays, the employee shall be entitled to a double wage.
2 Comments
Oman traffic: Indian Social Club to relocate from Darsait
The Indian Social Club building is at present situated on the premises of the Indian School Muscat in Darsait.
1 Comments
Lies being spread, land bill not anti-farmer: Indian prime minister
Directly reaching out to farmers over the controversial Land Acquisition Bill, Prime Minister Narendra Modi on Sunday asked them not to be misled by “rumours and lies”
1 Comments
Oman crime: Family relives 32-hour kidnap ordeal
Mentally and physically we are shattered and fear that we may be attacked again, says family
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McCain tells Obama to get over Netanyahu tantrum
US Senator John McCain asked on CNN’s ‘State of the Union’ show if US-Israel relations were at a dangerous point, said, ‘I think that’s up to the president of the United States.’
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Uravugal: Made in Oman film selected for International Short Film Festival of India
Indian film that is made in Oman has already become popular on YouTube and it has been subtitled in English
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Parents welcome Indian schools’ plan to ensure safety of children in buses in Oman
The pilot project for the transport system will start from the ISD next month and will be implemented later in all schools in the capital
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1,900 students on waiting list for admission to Indian schools in Muscat
Results of the first draw for admissions to the six Indian schools in the Muscat capital area were announced, with 1,900 students being kept on the waiting list
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Tourism smart taxis to feature advance booking, tracking system and meter charging in Oman
Tourism smart taxis will be equipped with the latest technologies and devices, said an official at the Ministry of Tourism
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No injuries in Harweel well control incident: Petroleum Development Oman
Specialist personnel and equipment have been sent to the site to help resolve the situation. There have been no injuries, no hydrocarbon leaks into the environment and no damage to the asset.
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