Business - oman observer

Tuesday, July 27, 2021 | Dhu al-hijjah 17, 1442 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
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Cashless transactions mandatory at key outlets from January 1

MUSCAT: With effect from January 1, 2022, all commercial transactions at select stores and business establishments will be cashless as part of the Omani government’s drive to promote electronic channels as the principal mode of payment – a key objective of the Oman 2040 Vision.An announcement to this effect was made by the Ministry of Commerce, Industry and...
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Oman’s first 3D concrete printing facility launched
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PDO commissions new ground-mounted solar PV project
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Guidelines issued for use of AI in govt units
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Balancing employee health benefits and costs is key challenge for Omani firms
A woman holds Indonesian rupiah and US dollar bills inside a bank in Jakarta. — Reuters

Indonesia Q2 foreign direct investment rise 19.6%
15 GLOBAL GROWTH1

Global growth to stay strong but virus the top risk, say economists
Trending Stories
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SC meeting on Thursday to decide on restrictions

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Treat Covid-19 on time, take vaccine

٤العرض المرئي

Shura reviews performance measurement systems

٢توقيع اتفاقيه

MoU signed to provide support to the disabled

HH Sayyid Shihab Receives Invitation to Attend Seoul ADEX 2021 2

Sayyid Shihab receives invitation to attend Seoul ADEX 2021

BUSINESS VIDEOS
Economy
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MOCIIP clarifies on liquidation of several companies

The Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) said issued a clarification on the liquidation of a number of companies, which were published in the Official Gazette by the Ministry of Justice and Legal Affairs.The ministry said...

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Cashless payment option to be mandatory from 2022
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Salalah Free Zone unveils new warehousing capacity
Liwa Plastics’ complex in Sohar Port is an important source of polymers for plastics and packaging related investments

Many promising sectors for investment in Sohar Freezone: CEO
Flags fly outside a Morrisons supermarket in New Brighton. - Reuters

Morrisons investors to vote on Fortress offer on Aug 16
A bag of prescription drugs is dropped off for disposal during the Drug Enforcement Administration 20th National Prescription Drug Take Back Day at Watts Healthcare in Los Angeles. - AFP File Photo

US drug distributors, J&J reach landmark settlement
Opinion
Dr Yousuf Ali Al Mulla
Dr Yousuf Ali Al Mulla Wearing mask a Covid insurance policy...
Samuel Kutty
Samuel Kutty Learn to work together not fight at home...
Andy Jalil
Andy Jalil UK set for EU row as it prepares to redraw NI protocol
Markets
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Oman Food Investment targets $1.2 billion worth projects

Stocks back near record highs on dovish ECB bets

SoftBank-backed VTEX surges 32pc in NYSE debut, valued at $4.7 billion

World shares steady, US yields hover near lows

Paytm's expected $2.2bn IPO fuels India market
Banking
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Omanisation at Bank Muscat at over 95%

Bank Nizwa appoints new Sharia Supervisory Board member

OAB announces Hasaad Savings Scheme winners for May

OAB issues statement on RO 6m embezzlement case

Bank Nizwa introduces treasury weekly newsletter
Energy
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Tethys Oil share from Blocks 3&4 is 11,415 barrels/day for June

Going electric: Carmakers make the switch

Ibri II solar park to support Oman’s Paris accord goals: Report

EU states to discuss US-Germany Nord Stream 2 deal

Japan boosts renewable energy target for 2030 energy mix
Aviation
A Singapore Airlines Airbus A330-300 plane takes off behind a Boeing 787-10 Dreamliner at Changi Airport in Singapore. - Reuters File Photo

Singapore Airlines aims for regional dominance as rivals pull back

SINGAPORE: Singapore Airlines Ltd (SIA), flush with $16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its Southeast Asian...
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Omani oilfield firm receives ground-breaking high-tech hoists in Muscat

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Jordan Aviation starts flights between Muscat and Amman

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Airlines, holiday companies ramp up pressure on Britain to ease travel rules

2

Largest Boeing 737 MAX model takes off on maiden flight

ENTREPRENEURS
MOCIIP clarifies on liquidation of several companies

The Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) said issued a clarification on the liquidation of a number of companies, which were published in the Official Gazette by the Ministry of Justice and...

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Tethys Oil share from Blocks 3&4 is 11,415 barrels/day for June

Cashless payment option to be mandatory from 2022

Salalah Free Zone unveils new warehousing capacity
Property
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Govt to award bids for Mahas city projects in September
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Pandemic impacts continue to challenge Oman’s real estate market
Renee Wu, sales and marketing director of the J Hotel, during an interview in Shanghai. - AFP
Shanghai opens world's highest hotel
Tourism
Travellers arrive at Heathrow Airport, London, Britain. — Reuters

British travel rule havoc hits airline stocks

Hotel management chain from Thailand boosts Oman presence

Expo 2020 tickets on sale from July 18

Omani helicopter operator to acquire region’s first five-bladed Airbus chopper

Eqamati app to enrich tourism

Mall of Oman unveiled at virtual event for tenants

OMRAN, PDO sign pact to enhance ICV
Cars
Employees work on the assembly line for the Volkswagen (VW) ID 3 electric car of German carmaker Volkswagen in Dresden. -- AFP file photo

Sales of electric cars charge ahead in Europe

Tokyo court convicts duo for helping Ghosn flee Japan

Unveiling its last petrol car, Lotus sets off in pursuit of Porsche

Ford Expedition: Always unstoppable

All-new 2022 Hyundai Tucson set to turn heads in Oman

Oman-Saudi road link project in final phase

Tesla reports record deliveries
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