New labour law will encourage Omanis to join private sector
The newly released Labour Law was established to encourage citizens to join the private sector, according to several government officials.Last week, the Under-Secretary of Economy, Dr Nasser bin...
New labour law strongly supports working women
The recently issued Labour Law has been hailed for, among other things, the various benefits it extends to women in the workforce.Speaking to the Observer, Supreme Court licensed lawyer and Member of...
New law aims to enhance efficiency of Omani workforce
The Ministry of Labour highlighted the key elements of the recently issued Labour Law (53/2023) during a press conference in Muscat on Wednesday.According to officials, the new law aims to address the...
SME Authority approves financing of RO 11.3 million in H1
The Small and Medium Enterprises Development Authority (SMEDA) has announced that it has approved 127 financing requests totaling RO 11,295,231 in value in the first half of 2023.According to a recent...
Omani LPG exports jump 8-fold in H1 2023
MUSCAT, JULY 19Exports of liquefied petroleum gas (LPG) increased by 765.4 per cent in the first six months of 2023 in comparison to the corresponding period last year, according to the National...
Hotel revenue in Oman jumps by 32% until 1H
MUSCAT, JULY 18The revenue of 3 to 5-star hotels in Oman increased by 32 per cent until end-June 2023 in comparison to last year.According to data from the National Centre for Statistics & Information...
GCC Council inks pact with Gulf Federation of Chambers
MUSCAT - The General Secretariat of the Gulf Cooperation Council (GCC) signed a joint executive program with the Federation of GCC Chambers of Commerce and Industry on Monday with the aim of...
GCC employment portal to be launched soon
Citizens of the Gulf Cooperation Council countries will soon be able to apply for jobs in the region through a centralized recruitment platform, according to the Secretariat General of the Arab Gulf...
Omani industries can apply for customs exemptions from July 15: MoCIIP
Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has announced that industrial establishments can apply for customs exemptions starting from July 15, 2023.According to the...
Oman to explore investment opportunities in Syria
The Omani Minister of Economy, Dr Saeed bin Mohammed al Saqri expressed the readiness of the Sultanate of Oman to address any potential challenges that might hinder the course of the 'economic,...
Enhanced public transport system to precede Muscat Metro roll-out
The Muscat Metro won’t be a reality unless an efficient public transport system is established first, according to an official at the Ministry of Transport, Communications and Information...
New national career guidance platform to address job market gaps
MUSCAT, JULY 5The newly launched national career guidance platform will serve as the missing link that connects jobseekers with Oman’s labour market, according to a key official of the National...
Ambitious plan for green transport sector unveiled
MUSCAT, JULY 4The Ministry of Transport, Communications and Information Technology shared its plans to decarbonise the transport sector during the Green Mobility forum held yesterday.According to...
Pact signed for setting up aqua feed project in Duqm SEZ
MUSCAT: The Special Economic Zone at Duqm (SEZAD) signed a land usufruct agreement with Blue Feeds to establish a $20 million aqua feed manufacturing plant in the zone.The agreement was signed by the...
Inma hosts former Irish PM at SME forum
A small and medium enterprises (SME) forum featuring former Irish Prime Minister Enda Kenny took place yesterday in Muscat.The 3rd Leadership and Management forum was organized by the Omani Academy...
GCC-based entrepreneurial reality television comes to Oman
A GCC based entrepreneurial reality television show is accepting applications from entrepreneurs in Oman, according to the Small and Medium Enterprise Development Authority.The third season of...
Inflation rate decreases by 0.25 per cent from previous month
MUSCAT: The annual inflation rate in the Sultanate of Oman reached 0.91 per cent by the end of May 2023, marking a 1.49 percentage point difference from the previous year, and 0.25 percentage point...
Oman forges valuable alliances with diverse economies during G20 Summit
The Sultanate of Oman’s participation in the G20 Summit will reflect positively on the country’s economy, according to Pankaj Khimji, leader of the Secretariat of the Sultanate of Oman for the...
Omani fintech is taking ‘saving circles’ digital
MUSCAT - Saving or money circles, locally known as 'jammiyat', are collective financial agreements where members contribute to a pool of money with a rotating payout schedule over a fixed amount of...