Kanye West sneakers shatter sale records at $1.8 mn
New York: A pair of Nike Air Yeezy 1s worn by rapper Kanye West sold for $1.8 million, triple the previous record for sneakers, Sotheby’s said Monday, as the market for rare sports shoes soars. The...
Oman’s free zones classified as ‘Special Zones’, zero-rated for Value-Added Tax
BUSINESS REPORTER MUSCAT, APRIL 27 The Public Authority for Special Economic Zones and Free Zones (OPAZ) announced that the Special Economic Zone at Duqm (SEZAD) and the free zones in Salalah, Sohar...
New Fishermen Village planned in Mahout
BUSINESS REPORTER MUSCAT, APRIL 27 Oman Tourism Development Company (Omran Group) — the executive arm of the Sultanate for tourism development — announced the launch of a competition to design a...
Omantel HQ wins LEED Platinum certification
Sustainability: Building design scores high in site development, water savings, energy efficiency, materials selection and indoor environmental quality BUSINESS REPORTER MUSCAT, APRIL 27 Adding...
BP rebounds into profit as oil price recovers
LONDON: British oil giant BP said on Tuesday that it rebounded into first-quarter net profit as oil prices recovered from a virus-driven slump. Earnings after taxation hit $4.7 billion (3.9 billion...
Oil near $66 on Opec+ meeting
VIENNA: Oil rebounded to $66 a barrel on Tuesday as Opec+ meet to discuss oil output policy amid concern India’s coronavirus crisis could dent a recovery in fuel demand. Opec and allies held a...
HSBC Q1 profits double as credit losses reversed
HONG KONG: HSBC said on Tuesday that first-quarter profits more than doubled, helped by a reversal in credit losses as well as its ongoing restructuring and pivot to Asia. Adjusted profit before tax...
Oman Food Safety Conference 2021 opens
Muscat: Oman Sustainable Food Safety and Quality Management Conference on Tuesday kicked off virtually. The two-day event is organized by the Ministry of Agriculture, Fisheries and Water Resources....
HH Sayyid Theyazin lays cornerstone for new OFA building
Muscat: HH Sayyid Theyazin bin Haitham al Said, Minister of Culture, Sports and Youth lays this Thursday the cornerstone of the new Oman Football Association (OFA) building. The event will take...
Shura Office reviews ministerial responses
MUSCAT: The Office of Majlis Ash’shura discussed the Council of Ministers’ response to Majlis Ash’shura’s report about the classification of private health institutions and regulating the...
Royal Decree on Oman Human Rights Commission
Muscat: His Majesty Sultan Haitham Bin Tarik Tuesday issued a Royal decree reading as follows: Royal Decree No 40/2021 amends the annex attached to Royal Decree No 124/2008 on establishing Oman...
Shangri-La Hotels and Resorts unveils refreshed logo to mark its 50th anniversary
Dubai: As part of Shangri-La’s 50th Anniversary celebrations, the Group has announced a refreshed brand logo for Shangri-La Hotels and Resorts (Shangri-La) that pays tribute to its past and sets a...
Zero-VAT on transportation of goods in special zones
The Public Authority for Special Economic Zones and Free Zones (OPAZ) announced that the Special Economic Zone at Duqm (SEZAD) and the free zones in Salalah, Sohar, and Al Mazunah are classified as...
All flights coming to Muscat Airport are pre-scheduled: Official
Muscat: The total number of people who went for institutional quarantine since the beginning of this year is reached 38,389, the Relief and Shelter Sector said on Currently, 11,86 people are in...
Signal jumping cases decline in 5 years
The incidents of jumping the signal fell by 67 per cent in the last five years due to drivers’ commitment to traffic rules and regulations. Lt Col Zakiya bint Hamad al Sinawiyah, Director, Traffic...
Precise methods for calculating lunar month
MUSCAT: The Sultanate follows an accurate arithmetical approach for monitoring lunar months and the Ministry of Awqaf and Religious Affairs, represented by the Main Moon Sighting Committee, applies a...
Endowment Share for Children with Disabilities launched
MUSCAT: The Ministry of Awqaf and Religious Affairs on Monday launched an Endowment Share for Children with Disabilities. The inaugural ceremony was held under the auspices of Dr Mohammed bin Said al...
Shura approves draft laws
MUSCAT: Majlis Ash’shura referred the proposed amendments of the law on pasture and livestock management, the Advocacy Law to the State Council after being ratified at the 10th regular meeting of...
Oman, Saudi discuss ways to boost trade
MUSCAT: Qais bin Mohammed al Yousuf, Minister of Commerce, Industry and Investment Promotion (pictured), held a meeting through video conferencing on Sunday with Dr Majid bin Abdullah al Qasabi, Saudi...
Scholarships for training in live entertainment industry
MUSCAT: The Embassy of Italy in Muscat has announced that the Academy of Arts and Crafts of Teatro alla Scala in Milan, which plays a primary role in the training sector of live entertainment...