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Oman weakened against Dubai in Middle East crude market

miiddle east crude

MUSCAT: Oman weakened against Dubai in the Middle East crude market on Monday as trade for February cargoes wound down. Most cargoes traded at higher differentials this month as buyers were lured by lower official selling prices (OSPs) and refiners’ profits were boosted by lower flat prices. Chinaoil bought a February Oman partial from Shell at $55.70 a barrel. It ... Read More »

Oman ready to start OMR100 million poultry project


MUSCAT: Oman government has started the process of setting up a huge capital investment of OMR100 million poultry project, with active equity participation from private sector. The new project will be promoted by state-owned Oman Food Investment Holding Company. Oman Food Investment Holding is being established by the government to invest in food security projects, which focus on import substitution ... Read More »

Dubai, Oman aim to boost trade through Hatta border

dubai oman

MUSCAT: Dubai and Sultanate of Oman aim to boost trade through Hatta border and also looking to set up an Omani Business Council in the emirate as bilateral trade between the two reached Dh16 billion in the first nine months of this year, officials said. The value of the trade between Dubai and Oman in 2013 reached Dh19 billion, i.e. ... Read More »

Oman Customs nabs two smugglers, seizes 24 silver alloy, gun at Hafeet & Saa border

oman customs

MUSCAT: Oman Customs Department has arrested two smugglers and seized silver alloy and gun at Hafeet border and Saa border in different incidents, here the other day. An Omani Customs official told the Customs Today that following a routine inspection, 24 pieces of silver alloy were discovered under the driver’s seat of a vehicle used by the accused. The accused ... Read More »

Omani police arrest 5 drug smugglers, seize heroin, marijuana

drug 2

MUSCAT: Omani Police has arrested five men and seized large quantity of heroin, cash and eighty rolls of marijuana at Wilayat of Liwa&Wilayat of Bausher here the other day. Two people were arrested in the wilayat of Liwa by North Batinah police, on the charges of drug dealing. Heroin weighing 1.8 kilogrammes and a gun was recovered from them. Similarly, ... Read More »

Oman to lose 100 million rials due to alcohol ban

alcohal ban

MUSCAT: The Omani government will lose more than 100 million rials if a total ban on alcohol is imposed, official figures show here the other day. The latest government statistics show that in 2013, beverages weighing 204.6 tonnes, worth OMR105.9 million, were imported by Oman. In 2012, beverages worth OMR96.9 million weighing 164.2 tonnes were imported. 84% of Majlis Al ... Read More »

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 »