Oman

Bank credit of conventional banks in Oman increases by 2.2%

The combined balance sheet of conventional banks denotes an annual growth of 2.2 per cent in total outstanding credit as on end-April 2020. Conventional banks’ credit to the private sector increased by 1.1 per cent to OMR19.1 billion. Conventional banks’ overall investments in securities amounted to OMR3.4 billion. Investment in government development bonds increased by 17.2 per cent over the ...

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US hails Oman’s efforts in combating human trafficking

The annual report of the US Department of State has rated the Sultanate in the list of countries doing remarkable efforts in eliminating human trafficking. The Sultanate was rated in the second level along with countries such as Germany, Poland, Turkey, Italy and Latvia. The report rates countries in four levels depending on their efforts in combating human trafficking. The ...

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919 new coronavirus cases reported in Oman

The Ministry of Health (MOH) on Saturday announced the registration of 919 new coronavirus cases in the country. These include 517 Omani citizens and 402 expats. According to MOH, the total confirmed cases of coronavirus have touched 36,953 out of which 20,363 have recovered.

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Marriage during the time of COVID-19 in Oman

Despite the ongoing COVID-19 pandemic, some Omanis continue to get married, with their weddings now costing them a lot less. While it is part of Omani tradition to invite many family members of both the bride and the groom to the wedding ceremony, marriage functions during the time of COVID-19 are attended by only their closest and immediate relatives. While ...

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Neighbourly ties with Oman

Celebrations in the UAE of Oman’s 46th National Day highlighted the strength of relations between the two neighbouring countries. As The National reported, Yas Mall hosted celebratory events on Friday, featuring traditional Omani dancers and photographs of meetings between the UAE’s rulers and Sultan Qaboos over the past decades. Burj Khalifa was also illuminated with the colours of the Omani ...

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As economic hardship bites, firms deduct staff allowances in Oman

Muscat: In addition to short-term contracts, salary cuts, freeze on increments, companies are also forcing their employees to move to cheaper rent apartments as part of the ongoing cost-cutting measures resulting from poor economic conditions.A senior official from an automobile company in Muscat, which employs hundreds of engineers and salesmen, said many mid-level employees are in a fix for the last ...

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Millennium Triathlon: Royal Army of Oman teams, Bahraini athletes dominate

Muscat: The Royal Army of Oman (RAO) won both the team events while Bahraini athletes dominated the individual competitions in the Millennium Triathlon organised in Al Musannah on Friday. The Millennium Resort Musannah hosted the inaugural Millennium Triathlon in association with Muscat Triathlon Club and Tri.ME sporting events with participation of around 120 triathletes from around the world competing in ...

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Oman aims to lift oil output 5% over the next four years

State-controlled Petroleum Development Oman (PDO), the country’s top oil and gas producer, aims to lift crude output by about 5 percent over the next four years, managing director Raoul Restucci said on Monday. “We aspire to reach 600,000 barrels per day by 2019,” he told reporters at an annual briefing on Oman’s energy industry, adding the company would then maintain ...

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The Sultanate of Oman returned after several months of treatment in Germany

Oman’s ailing 74-year-old leader, who has ruled the country for more than four decades, returned Monday after several months of treatment in Germany. Oman’s state TV carried video of Sultan Qaboos bin Said walking down the stairs from his private jet and across a red carpet on the tarmac Monday. A royal court statement said he had returned after eight months ...

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Omani foreign minister and the EU foreign policy chief create controversy on Twitter.

A seemingly innocent greeting between the Omani foreign minister and the EU foreign policy chief has created controversy on Twitter. Hosting crucial nuclear talks between Iran and the West, Oman welcomed an American, European and Iranian delegations on Sunday ahead of a deadline of November 24 set by the parties by which they must reach an agreement. A picture of ...

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