Category: ECONOMY

State Council
State Council okays proposal to amend economic law

The State Council session on Wednesday, examined and approved the proposal on its study of the Education and Research Committee titled ‘Revising the Duplication of Programmes and Majors atHIGHER EDUCATION Institutions’. It also gave assent to the proposal by the Economic Committee to amend the economic development law issued by the Royal Decree No 9/75. […]

Investcorp’s portfolio firm acquires majority stake in Omani company

Investcorp’s portfolio company, NDT Corrosion Control Services Co. (NDT CCS), announced the acquisition of a majority stake in Hi-Tech Inspection Services, Oman’s largest provider of industrial non-destructive testing (NDT) and inspection services. Hi-Tech’s founders, Al Sulaimi Group Holding, established the company in 1996, according to a press release. Investcorp acquired a majority stake in NDT […]

commerce Ministry
Ministry plans to cancel expired commercial registrations

The Ministry of Commerce and Industry will cancel a number of expired commercial registrations which have not been renewed. The ministry will transfer these registrations to the inactive establishments’ list and stop their transactions with public and private agencies relatedTO INVEST Easy Portal. The ministry has given the owners of institutions and companies who have […]

Catapulting ahead

A three-day community exhibition held by the National Programme for Enhancing Economic Diversification, Tanfeedh to gain feedback on its 121 proposed projects and initiatives attracted around 8,000 visitors   The National Programme for Enhancing Economic Diversification (Tanfeedh) held a three-day community engagement exhibition recently, gaining feedback from around 8,000 visitors on 121 proposed projects and […]

Solution for growth

EY has rolled out a new business model called ‘ EY Growth Solutions’, aimed at helping  midmarket companies adapt to economic changes such as VAT, diversification, digital innovation, and changing consumer sentiment Whenever there is a period of economic downturn, mid-sized companies are bound to bear the brunt of it, with direct impact on their […]

Investing for social development  

Since its inception, Oman LNG has placed significant emphasis on contributing to the growth and development of Oman and its people in various spheres Oman Liquefied Natural Gas LLC (Oman LNG) is a corporately and socially responsible organisation through creating benefits to the employees, stakeholders and community. The company has a well-designed alignment between CSR […]

Inflation rises 1.34 per cent

The Sultanate registered a year-on-year (CPI-based) inflation rate of 1.34 per cent for August, driven mainly by a 7.25 per cent rise in prices in the transport set, and a 0.83 per cent rise in the housing, water, electricity, gas and other fuels set, according to the latest report by the National Centre for Statistics […]

Tapping tourism potential

The Sultanate’s tourism industry is poised to play an important role in Oman’s near-term move away from hydrocarbons reliance, and in its long-term economic growth plan The oil price drop between June 2014 and January 2016 – when oil fell below $30 a barrel – threw the economic dangers of an over-reliance on hydrocarbons into […]

Foraying into Iran

OPEX Tehran to be held from September 25 to 30 is expected to benefit Omani exporters hugely. Around 150 Omani exporters are expected to participate in the event. A Harikumar reports Close on the heels of the success of Omani Products Exhibition (OPEX) held in Addis Ababa, Ethiopia from April 11 to14, Oman is planning […]

Omantel launches Ultrafast Home Broadband Packages Offering Speeds up-to 200 Mbps

Omantel, the Sultanate’s most trusted telecoms provider has announced a complete upgrade of its range of Home Broadband packages. The new packages offer blistering fast connection speeds of up to 200 Megabits per second (Mbps) all at a lower price point, giving customers great value while making online gaming, video streaming and downloading more affordable […]

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