Business


Opec’s oil output rises as key members stand firm

by Reuters
Bloomberg file picture
Supply from Opec has averaged 30.37mbpd in January, up from a revised 30.24mbpd in December, according to survey based on shipping data and information from sources at oil companies and Opec

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Abu Dhabi awards Total 10 per cent stake in $22 billion oil project
Abu Dhabi, the largest of the seven emirates that make up UAE, plans to increase total production capacity to 3.5 million barrels a day by the end of 2017 from about three million now.

Facebook chief executive officer plans to increase spending
The company said that spending will jump 55 per cent to 70 per cent in 2015, narrower than the 50 per cent to 75 per cent range that it projected in October.

Markets brace for rocky ride after ECB plays its last card
Having cut interest rates to zero and adopted a range of other unconventional monetary and exchange rate policies the cost of money further and spur risk-taking and growth is waning

Apple expands its presence in China
The Cupertino, California-based company is recruiting for store workers in Guangzhou, Shenyang, Tianjin, Nanjing and Dalian, advertisements posted Thursday on the company’s website showed


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India’s Sensex tumbles 499 points on heavy selling in banking sector
Sensex declined to 29,070.48 on profit-booking ending at 29,182.95, disclosing a sharp fall of 498.82 points or 1.68 per cent from its last close.
Oman plans red meat project to raise self-sufficiency
Proposed company is planning to import sheep and cows from Tanzania and Sudan and set up slaughtering houses in both Tanzania and Oman
The Wave, Muscat awards OMR16.2 million contract to Al Turki
Al Turki Enterprises will construct 99 villas for The Wave, Muscat known as Reehan Residences
National Business Centre, Oman Oil to expand business incubator
Agreement aims to develop joint cooperation in supporting SMEs and instilling the concept of entrepreneurship
Oman stocks decline
The top gainer was United Finance, up by 7.14 per cent, while Oman & Emirates Holding, down by 4.72 per cent, lost the most
Islamic banks eye market share in strife-torn Iraq
Iraq’s cabinet approved a draft law on Tuesday regulating the Sharia-compliant banking industry, which will now move to the country’s parliament for passage
Singapore joins global monetary easing, spurs currency slide
Singapore becomes at least the ninth nation to ease policy this month, as officials from Europe to Canada and India contend with escalating disinflation and faltering global growth
Vodacom, Bharti Airtel to bid for Etisalat’s Zantel unit
The Zantel unit, which is Tanzania’s largest Internet provider and is 65 per cent owned by Etisalat, has a valuation of about $300 million
India’s trade with Gulf countries shows rapid rise
GCC exports to India have grown at an annual rate of 43 per cent over the last decade, the highest rate with any major trade partner
Indian stocks fall from record levels, rupee unchanged
Sensex retreated from record high levels to close down by about 12 points due to profit booking in recent gainers, mainly capital goods, metal, auto and banking stocks
VIDEO: Oman plans to set up red meat project and other top stories

Sohar-based firms seek gas price hike in a phased manner
The impact will be more on natural gas intensive industries like cement, ceramic tiles, sanitaryware, steel and glass manufacturing since a sizable portion of their manufacturing cost is for fuel
Oman Ceramics Company wins two major certifications
Amal Suhail Bahwan, chairperson of Oman Ceramics Company, received the certificates from Venugopal Balakrishnan, director of DAS Certification Services, Mena region, on Tuesday
Oman share index ends lower
The top gainer of the day was Al Sharqia Investments, up by 4.65 per cent, while Port Services, down by 8.99 per cent, was the top loser of the day
New crane at Sohar port to up handling capacity
With the new arrival, the terminal operator now boasts three mobile harbour cranes as the maximum single crane lifting capacity has increased from 80 metric tonnes to 100 metric tonnes

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Video: Final moments of ambulance crash into truck captured by road camera in Oman
READER WARNING: This video contains graphic footage of the accident, viewers of a sensitive disposition should make a decision whether to watch.
Where does the fat go when you lose it?
Losing weight requires unlocking the carbon stored in fat cells, thus reinforcing that often heard refrain of ‘eat less, move more’
Oman accidents: 4 killed as ambulance collides with truck on Al Amerat- Quriyat road
While the three ambulance crew members died on the spot, the patient died later. The accident took place when the driver tried to save an animal crossing the road
Oman accidents: Death toll of fatal road crash rises to four, victims identified
The patient who was in the ambulance succumbed to injuries later on
Water supply to be disrupted in Muscat for 3 days
The new pipeline will replace the old (600) mm pipeline which suffered from numerous breaks and leaks that resulted in the interruption of water supply
NOC for sale: OMR2,000 price tag for No Objection Certificate in Oman
Expatriate employees claim on social media that their bosses are asking huge sums to give them a No Objection Certificate
Oman music: Indian singer Asha Bhosle to perform live in Muscat
Asha Bhosle, commonly referred to as Ashaji, is an Indian singer, who has done playback singing for over a thousand Bollywood movies
His Majesty's blessings for Omanisation and SME proposals at symposium
His Majesty Sultan Qaboos bin Said accorded Royal Blessing for the proposals at the Symposium to Assess Implementation of Saih Al Shamikhat Decisions received
Oman accidents: Indian woman dies from burn injuries after car hits electricity pole
Khadeeja, the Indian woman, died in the car, her son and another survivor are battling for life.
Video: Final moments of ambulance crash into truck captured by road camera in Oman
READER WARNING: This video contains graphic footage of the accident, viewers of a sensitive disposition should make a decision whether to watch.
1 Comments
NOC for sale: OMR2,000 price tag for No Objection Certificate in Oman
Expatriate employees claim on social media that their bosses are asking huge sums to give them a No Objection Certificate
1 Comments
Expats and experts convince Royal Oman Police to do U-turn on traffic fine plan
Earlier an official at ROP had confirmed to Times of Oman that its new policy meant that expatriates leaving Oman on business or vacation, or for good, had to settle their unpaid traffic fines
1 Comments
NOC for sale: OMR2,000 price tag for No Objection Certificate in Oman
Expatriate employees claim on social media that their bosses are asking huge sums to give them a No Objection Certificate
1 Comments
Video: Final moments of ambulance crash into truck captured by road camera in Oman
READER WARNING: This video contains graphic footage of the accident, viewers of a sensitive disposition should make a decision whether to watch.
1 Comments
Expats and experts convince Royal Oman Police to do U-turn on traffic fine plan
Earlier an official at ROP had confirmed to Times of Oman that its new policy meant that expatriates leaving Oman on business or vacation, or for good, had to settle their unpaid traffic fines
1 Comments
Weather update: Rescue services fume as rain warnings ignored in Oman
Despite the warnings, both Royal Oman Police and PACDA were besieged with calls
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Air India Express enhances baggage limit for Oman flights
The airline has also introduced promotional fares from Muscat to Kochi and Thiruvananthapuram. Air India Express currently operates weekly 19 flights from Muscat to Kerala and Mangalore daily
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