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Oman to become first country to sign FTA with Singapore

oman occi

MUSCAT: Oman will become first country in GCC who signed Free Trade Agreement with any foreign country Said bin Saleh Al Kiyumi, chairman of OCCI said here the other day at seminar about the Free Trade Agreement (FTA) between the GCC states and the Republic of Singapore. He added that Free Trade Agreement (FTA) will open new horizons for Omanis ... Read More »

Oman ready to set up Business Council in Dubai


DUBAI: The bilateral trade between Dubai and Oman has been reached Dh16 billion in the first nine months of this year and both have aimed to boost trade through Hatta border and also looking to set up an Omani Business Council in the emirate, official told Customs Today here the other day. “The value of the trade between Dubai and ... Read More »

Oil price slump not to hit development, lives of Omani people: Sayyid Fahd

oman deputy prime minister

MUSCAT: H H Sayyid Fahd bin Mahmoud al Said, Deputy Prime Minister for the Council of Ministers has issued a statement about the nation’s method of addressing the current global economic situation that led to the decline of oil prices. He said that Oman’s development projects will continue as planned and steps are being taken to avoid any negative impact ... Read More »

53% Omanis ready to spend lavishly on luxuries in 2015: Survey


MUSCAT: Fifty three per cent of Omanis are ready to spend more on luxury goods and experiences in 2015, according to a new American Express Middle East Spending Survey here the other day. This compares to a regional average of 31 per cent and places the Sultanate ahead of all other countries in the survey. The American Express Middle East ... Read More »

Austal Australia to complete 72m high-speed support vessels for Royal Navy of Oman

oman navy

MUSCAT: Austal Australia has pleased to announce to complete the keel laying for two 72m high-speed support vessels (HSSVs) for the Royal Navy of Oman. A work under the $124.9m contract, which was awarded in March, also involves design, construction and integrated logistics support, said by Austal officials here the other day. The vessels will be delivered by late 2016 ... Read More »

Oman expands its tax circle to cut down budget deficit

oman council

Muscat: Oman government has decided to take some strict actions for betterment of its economy and could be forced private sector to pay tax on their profits to balance its budget in the face of falling oil prices. These were among the proposals discussed on here the other day, as the State Council met to study the draft general budget ... Read More »

Oman customs nabs 12 men, seizes hashish, heroin and tablets of Tramadol


MUSCAT: Omani Customs was arrested 12 men including 3 foreigners to smuggled drugs at Muscat International Airport and seized various kinds of drugs in different incidents. The two were coming from a European country with 10,154 tablets of Tramadol and DNT. The drugs were found in the suitcases of the accused. Similarly, an Asian national was arrested at Muscat International ... Read More »

Ras Al Khaimah Customs foils houbara smuggling attempt


ABU DHABI: Ras Al Khaimah customs caught a gulf passenger who was hiding birds in his car while he was coming from Oman to UAE, at Ras Al Khaimah land checkpoint. Dr Mohammed Abdullah Al Mahrizi, Director-General of the RAK Customs, said a female staff inspector noticed the suspect’s nervousness and anxiety by his body language. “When manually searching his ... Read More »

Close cultural ties key drivers for enhancing tourism between Oman, India


MUSCAT: Geographical proximity and close cultural ties since several centuries have traditionally been the key drivers for the enhancing level of tourism between India and Oman. HE JS Mukul, India’s Ambassador to the Sultanate, in a special address at the International Travel and Hospitality Show (ITHS), ‘Role of India and Oman in promoting the Tourism Sector’, said both countries possessed ... Read More »

Foreign companies urged to impart Omanies technical, vocational skills


MUSCAT: French Foreign Trade Advisers (FFTA) Oman Vice-President Michel Morillon said that it is the responsibility of foreign companies in Oman to train Omanis and boost the quality of human resources in the country. He was speaking on the sidelines of the FFTA bi-annual business gathering attended by French ambassador-designate Roland Dubertrand, top executives from Omani and French companies and ... Read More »