Tuesday , October 23 2018
Breaking News

Oman

Singapore, Oman see potential to do more together

ja_dpm2_1410

SINGAPORE: Singapore and Oman reaffirmed their warm relations during Deputy Prime Minister Teo Chee Hean’s trip to the Arab country over the weekend and acknowledged there was potential for further cooperation between the two sides. DPM Teo, who is also Coordinating Minister for National Security, called on Oman’s Deputy Prime Minister for the Council of Ministers Sayyid Fahd Mahmoud Al ... Read More »

Oman Police Arrests 3 Expats for Human Trafficking, Smuggling Drugs

oman_police

Three expats were arrested on charges of human trafficking and smuggling narcotics into the Sultanate, the Royal Oman Police (ROP) announced. In the first case, two expats were arrested on the coast of the Wilayat of Liwa when they were attempting to bring in drugs and illegal migrants. In the second case, an expat was arrested in Bidbid on charges ... Read More »

Oman could announce US dollar sukuk sale this week

OMan-

The government of Oman could announce a plan to issue new US dollar-denominted sukuk, or Islamic bonds, as early as Monday, sources familiar with the matter said, speaking on condition of anonymity. One of the financially weakest states in the Gulf, Oman has borrowed extensively in the international markets over the past few years to finance state spending and development ... Read More »

Oman police arrest 2 expats for human trafficking, smuggling drugs

1156226-873879802

Oman policed announced two expats of “Asian” origins were arrested on charges of human trafficking and smuggling drugs into the sultanate. The arrests were made on the coast of the Wilayat of Liwa when the expats were attempting to bring drugs and illegal migrants into Oman, Times of Oman reported. “The officers of the Anti-Narcotics and Psychotropic Substances Department, led ... Read More »

Oman’s Renaissance mulls $1.5b Topaz Energy IPO

news79447_1537875667

Oman’s Renaissance Services SAOG, a service provider to the oil and gas industry, is considering an initial public offering for its Topaz Energy & Marine unit, according to people familiar with the matter. Renaissance, which has a market capitalisation of about $379 million (Dh1.37 billion), could seek a valuation of about $1.5 billion for the Dubai-based business, the people said. ... Read More »

Drug related arrests drop in Oman, as smugglers avoid Sultanate route: ROP

896468

Muscat: Drug cartels and organised traffickers avoid Oman as a smuggling route, according to Royal Oman Police (ROP), thanks to the force’s efforts to keep the Sultanate safe. Fewer arrests occurred due to a drop in drug-related crimes in 2017, according to data exclusively shared with the Times of Oman. The number of drug crimes, those arrested and the quantities ... Read More »

Two arrested for smuggling alcohol in Oman

829744

Muscat: A citizen and an expat were arrested by the Royal Oman Police (ROP) on charges of smuggling alcoholic beverages. While the citizen was caught with 398 bottles of alcohol, ROP did not reveal details about the quantity of alcohol that the expat was smuggling. According to ROP, ”The police department at Musandam Governorate arrested a citizen while attempting to ... Read More »

Drug smuggling attempt at Muscat airport foiled

900424

Muscat: Customs at Muscat International Airport seized psychotropic substances and narcotics tablets, the department announced. According to officials, the narcotics tablets consisted of large amounts of Clonazepam and Bromazepam tablets. A statement online by Oman Customs read, “Customs of Muscat International Airport thwarted the smuggling of Clonazepam and Bromazepam.” Read More »

Six arrested for smuggling drugs across Oman

ROP-e1502376169727 (1)

Muscat: The Directorate General for Combating Narcotic Drugs and Psychotropic Substances of Royal Oman Police (ROP) arrested three persons of different nationalities for smuggling 14kg of drugs in Muscat. In another case, ROP arrested an Asian and seized 5kg of drugs in Seeb. An attempt to smuggle marijuana through Muscat International Airport was also foiled. Dhofar The anti-narcotics sleuths arrested ... Read More »

Sailors Flee Burning Oil Tanker Off Oman

im-22084

At least four seafarers jumped at sea to escape a raging fire Tuesday on a very large crude carrier off the coast of Muscat operated by state owned Shipping Corp. of India Ltd. A number of commercial ships were around the burning Desh Vaibhav and salvage crews looking for the sailors. “It’s a serious blaze, but the rest of the ... Read More »

Drug smuggling attempt at Muscat airport foiled

900423

Muscat: Customs at Muscat International Airport seized psychotropic substances and narcotics tablets, the department announced. According to officials, the narcotics tablets consisted of large amounts of Clonazepam and Bromazepam tablets. A statement online by Oman Customs read, “Customs of Muscat International Airport thwarted the smuggling of Clonazepam and Bromazepam.” Read More »

Three boats seized in alcohol smuggling attempt

819730

Muscat: An attempt to smuggle alcohol in three boats in Northern Batinah was foiled by the Coast Guard Patrol, reported Royal Oman Police. According to an official source in the ROP, the boats, with four people onboard, were spotted near Al-Aqar in Wilayat Shinas. The Nothern Batinah Coast Guard also assisted three people, whose engine was destroyed near the port ... Read More »

Hard times for Oman’s Strait smugglers

3a755515dd91492c8d88bbc455ca71a4_18

Khasab, Oman – Trade between this tip of the Arabian Peninsula and nearby Iran – lying only 50 kilometres across the Strait of Hormuz – goes back millennia, according to Marc Valeri, a political scientist and expert on the Gulf monarchies. In recent years, that trade has been illicit and conducted by smugglers, given the long-standing international sanctions on Iran. ... Read More »

Omran signs agreement with Majid Al Futtaim for Ro5bn project in Muscat

Omran-signs-agreement-with-Majid-Al-Futtaim-for-RO5bn-project-in-Muscat_StoryPicture

Oman Tourism Development Company (Omran)signed a partnership agreement with Majid Al Futtaim, leading real estate developer in Middle East and North Africa (MENA) for developing the second phase of ‘Madinat Al Irfan’ project in Muscat with an investment of around RO5bn. The announcement was made at an event held at the Oman Convention & Exhibition Centre (OCEC) in the presence ... Read More »

Two arrested for smuggling alcohol in Oman

829744 (1)

Muscat: A citizen and an expat were arrested by the Royal Oman Police (ROP) on charges of smuggling alcoholic beverages. While the citizen was caught with 398 bottles of alcohol, ROP did not reveal details about the quantity of alcohol that the expat was smuggling. According to ROP, ”The police department at Musandam Governorate arrested a citizen while attempting to ... Read More »

Eor To Contribute For 23% Of Pdo’s Total Oil Output By 2025

EOR-to-contribute-for-23-of-PDO-s-total-oil-output-by-2025_StoryPicture

MUSCAT Enhanced oil recovery (EOR), a process used to extract crude from ageing oil fields, could account for nearly a quarter of the overall production of Petroleum Development Oman (PDO) in next seven years. EOR currently accounts for around ten per cent of PDO’s total production. Many of Oman’s oil fields are ageing and that could mean decline in production ... Read More »

Thousands of expats quit Oman as visa ban continues

1227106-1429854441

Oman’s expat population has dropped 2 percent according to figures released in June, 2018, compared to the same time the previous year, local daily Times of Oman reported. According to government figures there were 43,000 fewer expats recorded in 2018 compared to the previous year – bringing the population of foreign nationals down to 2,035,952. Expats make up 44.1 percent ... Read More »

Oman: SNC-Lavalin signs agreement for PVC plant in Muscat

SNC-Lavalin-bags-Mecca-deal

SNC-Lavalin signed an exclusive agreement with Project Development & Management International (PDMI) in Oman to design and deliver a greenfield chlor-akali PVC plant 150km southeast of the Omani capital, Muscat. SNC-Lavalin will support the project long-term, from concept development to commissioning, carrying out the initial engineering, master planning, process technology evaluation, and selection to support project financial investment decision approvals. ... Read More »

OMAN FISHERIES EMBARKS ON AMBITIOUS GROWTH PLAN

Oman-Fisheries-embarks-on-ambitious-growth-plan_StoryPicture

MUSCAT – In order to boost the company’s growth and complete the value chain model, Oman Fisheries Company (OFC) is embarking on an ambitious business growth plan and planning to invest in new projects soon. The company’s new business growth plan is devised to restructure Oman Fisheries into five separate wings, according to its yearly financial report submitted to the ... Read More »

OMSB SIGNS AGREEMENT TO USE BLOCKCHAIN TECHNOLOGIES

OMSB-signs-agreement-to-use-blockchain-technologies_StoryPicture

The Oman Medical Specialty Board (OMSB) signed a cooperation agreement in the field of use of blockchain technologies for electronic transactions with the Block Chain Solutions and Services Company. It was signed by Dr Hilal bin Ali al Sabti, CEO of OMSB, and Abdul Salam al Murshidi, chairman of the company. Dr Sabti said, “The agreement is part of the ... Read More »