Business - oman observer

Saturday, August 13, 2022 | Muharram 14, 1444 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
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Auditing and accounting firms told to report suspicious transactions

Muscat: With the aim to curb any means of suspicious transactions and money laundering, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has urged all audit, accounting and precious metals-related companies to fasten the appointment of an officer entitled to report suspicious transactions.In an online statement, the ministry said,” Based on the...
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Oman Blocks 3&4 yield revenues of over $1bn for Tethys Oil
Lee Jae-Yong, vice chairman of Samsung Electronics, arrives for questioning at the office of a special prosecutor investigating a corruption scandal in Seoul. - AFP file photo

South Korea pardons Samsung boss 'to help the economy'
Consumers expressed concern on social media about a talc-based baby powder made by Johnson & Johnson on Wednesday after a Missouri jury ordered the company to pay $72 million in damages to the family of a woman who said her death from cancer was linked to the use of the product.

J&J to end global sales of talc-based baby powder
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader's market stall in London. - AFP

Troubled UK economy rides out Jubilee disruption, but recession looms
A woman walks past the closing numbers on the Tokyo Stock Exchange in the business district of Tokyo on Friday, following recent gains on Wall Street. - AFP

US, world stocks upbeat on Fed view
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RO 10m Omani abalone farming project launched in Mirbat
Crowne Plaza Resort Salalah

Key forum to highlight investment avenues in Dhofar
Omanis being trained in the hospitality sector

Marriott says upward trajectory in Oman to continue
Members of social organisations demonstrate after camping overnight at Plaza de Mayo square in front of Casa Rosada Presidential Palace in Buenos Aires on Thursday, during a protest demanding better wages and more jobs. - AFP

Global youth unemployment set to slip to 73m in 2022: UN
Duqm2

86% of the Duqm container crane project completed
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Auditing and accounting firms told to report suspicious transactions
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Asyad Group signs strategic decarbonisation partnership with 44.01
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Dhofar Governor reviews OQ’s strategic and investment projects
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MENA region records 359 M&A deals worth $42.6 bn in H1
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Yemeni business delegation visits Madayn
Trending Stories
Oman's Fatak Abdul Bait Jaboob

Jaboob bags gold for Oman in high jump

ABGO event in June

Business beyond borders

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Seeb beat Al Nahdha in Super Cup clash

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Al Ghailani crowned this year's champion for freediving

Supporters of the Coordination Framework gather during a protest, amid a political crisis, near Green Zone, in Baghdad, on Friday. - Reuters

Sadr followers hold mass prayer outside Iraqi parliament

Demonstrators gather during a protest against Turkish Foreign Minister Mevlut Cavusoglu's comments on reconciliation of the opposition with the Syrian government, in the rebel-held city of Azaz, Syria August 12, 2022. REUTERS/Mahmoud Hassano

Syria rebels protest over Turkey's proposal

The atomic symbol and the Iranian flag are seen in this illustration. - Reuters

Iran may accept EU proposal to revive N-deal: IRNA

A resident rides bicycle past a fragment of a rocket embedded in the ground following a rocket attack in the town of Bakhmut, Donetsk region, on Friday. - AFP

Ukraine, Russia trade blame for risk of nuclear disaster

BUSINESS VIDEOS
Economy
Consumers expressed concern on social media about a talc-based baby powder made by Johnson & Johnson on Wednesday after a Missouri jury ordered the company to pay $72 million in damages to the family of a woman who said her death from cancer was linked to the use of the product.

J&J to end global sales of talc-based baby powder

WASHINGTON: Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits."As part of a worldwide...

Lee Jae-Yong, vice chairman of Samsung Electronics, arrives for questioning at the office of a special prosecutor investigating a corruption scandal in Seoul. - AFP file photo
South Korea pardons Samsung boss 'to help the economy'
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader's market stall in London. - AFP
Troubled UK economy rides out Jubilee disruption, but recession looms
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RO 10m Omani abalone farming project launched in Mirbat
Crowne Plaza Resort Salalah

Key forum to highlight investment avenues in Dhofar
Members of social organisations demonstrate after camping overnight at Plaza de Mayo square in front of Casa Rosada Presidential Palace in Buenos Aires on Thursday, during a protest demanding better wages and more jobs. - AFP

Global youth unemployment set to slip to 73m in 2022: UN
Opinion
Stéphane Monier
Stéphane Monier Gap between earnings expectations and economic reality narrows
Sudeep Sonawane
Sudeep Sonawane GCC food plans remain secure, but inflation and freight rates linger
VALENTINE GRAVELEAU
VALENTINE GRAVELEAU On the menu at a UK restaurant: Carbon footprint
Markets
A woman walks past the closing numbers on the Tokyo Stock Exchange in the business district of Tokyo on Friday, following recent gains on Wall Street. - AFP

US, world stocks upbeat on Fed view

Stock markets lower on eve of US inflation data

Stocks rise, oil falls tracking recession risks

OOMCO opens 7th service station in Saudi Arabia

Omantel Group’s H1 revenue climbs to RO 1.294 billion
Banking
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Excellent response for Bank Muscat kiosk at Salalah Eat Fest

ahli islamic opens 18th branch in Nizwa

Sohar Intl bags 'Best Retail Banking - Oman 2022' Award

NBO offers bulk cash, cheque deposits at FFMs

Bank Muscat extends strong support to Khareef Dhofar visitors
Energy
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Oman Blocks 3&4 yield revenues of over $1bn for Tethys Oil

Dhofar Governor reviews OQ’s strategic and investment projects

Shell Oman expands operations along Batinah Expressway, Rusayl

Maha Energy agrees farmout pact with Mafraq Energy for Block 70

Energy Development Oman receives positive inaugural ratings from S&P
Aviation
A Lufthansa Airbus A340-300 is pictured after take off from the airport in Frankfurt am Main, western Germany. - AFP

Lufthansa, pilots seek to avert strike with pay talks

FRANKFURT: German airline Lufthansa is to hold confidential talks with Vereinigung Cockpit (VC), the trade union representing its pilots, after striking a deal with ground staff last week, both sides...
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International travel picks up in June: IATA

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'India's Warren Buffett' set for take-off with new airline

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245pc growth in Middle East airlines’ traffic in June

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Etihad scales up cargo operations with A350F freighter 

ENTREPRENEURS
Oman Blocks 3&4 yield revenues of over $1bn for Tethys Oil

Blocks 3&4 – the most prolific of Tethys Oil’s hydrocarbon assets in the Sultanate of Oman – has generated revenues in excess of $1 billion for the Swedish energy firm since 2011, when the blocks began...

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South Korea pardons Samsung boss 'to help the economy'

J&J to end global sales of talc-based baby powder

Troubled UK economy rides out Jubilee disruption, but recession looms
Property
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OIA boosts Future Generation Fund through investment in German real estate tower
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Usufruct agreements worth RO 3m signed
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Ibri Industrial City attracts 23 projects worth RO 9m
Tourism
Omanis being trained in the hospitality sector

Marriott says upward trajectory in Oman to continue

Hotel revenues surge 120 pc to RO 83m in H1

Abu Fashighah: The sand-covered village in Jalan Bani Buali’s Wadi Al Murr

‘Salalah Eat’ food festival kicks off

Tourism sector’s GDP share to reach 5pc by 2030

Khareef Salalah named best Arab tourist destination for 2022

Campaign to boost domestic tourism in Oman
Cars
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Kia launches all-new Carens recreational vehicle in Oman

Own the powerful Toyota Hilux with exclusive benefits

Make your mark in luxury with the Lexus IS with exclusive benefits

Own a Kia Sonet, get a chance to win fully paid trip to Fifa World Cup

Discover so much more with the powerful Ford Bronco SUV

Own a Kia Seltos, get a chance to win fully paid trip to Fifa World Cup

Lincoln Corsair — the luxury that impresses
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