Muscat: The new Standard Operating Procedures (SOP) for bonded warehouse operators relaxes the control requirements thereby allowing warehouse keepers to work more independently with less direct involvement by the Customs.
Work on $2bn Mina al Sultan Qaboos project to begin in Nov
Construction work on the US$2bn integrated tourist port and lifestyle destination Mina al Sultan Qaboos Waterfront (MaSQ) project will begin in November. It will comprise hotels, residences, as well as dining, retail and leisure offerings.
Oman gets $19.6bn FDI in 2018
The sultanate received US$19.6bn as foreign direct investment (FDI), the maximum in the Arab world during 2018, a new report by the Arab Investment and Export Credit Guarantee Corporation (AIECGC) has revealed.
New school in Duqm
The port town of Duqm in the Al Wusta region is all set to witness the opening of A’soud Global School (AGS). AGS is among the finest international schools in Oman under the management of English Education Management company.
‘New laws to boost investment climate in Oman’
The new Foreign Capital Investment Law will open new avenues for investment in the sultanate. This law will be complemented by the Law on Partnership Between Public and Private Sectors and setting up of the Public Authority for Privatisation and Partnership.
Ministry acts to protect expats in Oman
Muscat: More than 20 businessmen have been referred to the judicial authorities after they failed to attend a scheduled meeting with the Ministry of Manpower. The meetings come in line with the government’s plan to improve working conditions for over 16,000 expat workers in Northern Sharqiyah.
Why is honey in Oman creating a business buzz?
In the Al-Hajar mountain chain of northern Oman, what appears to be just a pile of logs is actually an apiary of beehives. This is a centuries-old method of beekeeping which has been passed down from one generation to the next.
First an iconic painting, now a walkway to come up at Sur Harbour
After successfully developing the iconic landmark in Sur, the largest harbour painting in the world, Oman LNG has inked another agreement with Ministry of Agriculture and Fisheries (MoAF) to fund the development of a walkway at the Sur Harbour. https://www.muscatdaily.com/Archive/Oman/First-an-iconic-painting-now-a-walkway-to-come-up-at-Sur-Harbour-5eow
Sultanate, Qatar discuss ways to boost cooperation in economic sector
The Oman-Qatar Joint Committee held its meeting in Muscat last week to review aspects of cooperation between the two countries in various fields that serve the common interests, especially the investment projects. https://www.muscatdaily.com/Archive/Oman/Sultanate-Qatar-discuss-ways-to-boost-cooperation-in-economic-sector-5eog
Embezzlement case accused to be tried in court
Muscat: Oman’s Public Prosecution has announced that it has moved an alleged case of embezzlement by government officials to trial. The case first became known in April, after rumours implicated specific employees in the Ministry of Education in a misappropriation scam.