Oman

Oman has suggested tax rises due to the plunge in oil prices

An advisory body to Oman’s government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope with the hit to state revenues from the plunge in oil prices. Oman has run a small budget surplus so far this year but the slide of the Brent crude oil price to around $80 a ...

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Women’s Guild of Oman has plans to donate to fight against cancer

Women’s Guild of Oman’s annual Crystal Ball has plans to raise an impressive OMR15,000 which it will donate to the Oman Cancer Association (OCA) to help fund Dar Al Hannan, a home for sick children from outside of Muscat and their families to use when they need medical treatment. The Crystal Ball, now in its 11th year, is the biggest ...

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Oman sultan’s absence causes succession worries

The prolonged absence of Oman’s Sultan Qaboos, who has not returned since travelling overseas for medical tests six months ago for suspected cancer, has stirred fears over stability in his Gulf country. The 74-year-old absolute ruler is not only sultan, but also prime minister, as well as holding the foreign affairs, finance, defence and interior portfolios. But without children, or ...

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Public transportation infrastructure plan in Oman

Announcement by the government to study the possible introduction of a tram service across Muscat is the first sign of a long awaited public transportation infrastructure plan, with the city’s real estate landscape directly expected to benefit in the long term, according to leading international real estate consultant, Cluttons. While the exact details of the proposed route are yet to ...

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$600m project of luxury residential units in Oman

Saraya Bandar Jissah will be home to 398 exclusive residential units, spacious hilltop villas, stylish townhouses and luxury apartments — all with attractive waterfront and mountainside views. This is what a $600 million project looks like when the vision starts to become a reality. Nestled on the outskirts of Muscat on a secluded beach surrounded by the Al Hajar Mountains, it ...

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The health of a human rights activist in Oman has deteriorated seriously

The health of a human rights activist in Oman has deteriorated seriously, Amnesty International warned on Monday, as Saeed Jaddad continued a hunger strike in protest of his detention. Jaddad, whom Amnesty has declared a prisoner of conscience, was hospitalised on 23 January in the city of Salalah, two days after starting a hunger strike after his arrest on 21 ...

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Majlis Al Shura has proposed the new law to protect Omani pharmacists and end the monopoly

To protect Omani pharmacists from foreign competition and to end the monopoly of unscrupulous traders, the Majlis Al Shura has proposed amendment to the law that allows people to practice pharmacy and start pharmacies, said a source from the legal committee of Majlis Al Shura. One of the amendments prohibits pharmaceutical companies, warehouses and medical equipment suppliers from refusing to ...

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Oman plans to make its first sovereign issue of Islamic bonds

Oman plans to make its first sovereign issue of Islamic bonds, a 200 million rial ($520 million) issue, by mid-2015 to help finance a budget deficit caused by the plunge of oil prices, the head of its central bank said on Sunday. “The issue will be through the central bank for the local market,” central bank executive president Hamood Sangour ...

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