MUSCAT: Employers across Oman will face new payroll and leave-management requirements from Sunday, July 19, when the insurance branch covering sick and other leave begins operating under the Social Protection Law. The scheme introduces a contribution equal to 1 per cent of each covered worker’s contribution wage, paid entirely by the employer. Employees will not […]
MUSCAT: The Sultanate of Oman on Wednesday highlighted its efforts in implementing the Arab Convention Against Corruption. This took place within the framework of the State Financial and Administrative Audit Authority’s hosting of a country visit by experts from the Kingdom of Bahrain, the Kingdom of Morocco, and the General Secretariat of the Arab League. […]
Muscat: Bank Nizwa has proposed acquiring Alizz Islamic Bank and merging it into its operations, in a deal that could create a larger Islamic lender and bring Ominvest in as a major strategic shareholder. The proposal was disclosed through the Muscat Stock Exchange (MSX) on Thursday. Under the plan, Bank Nizwa would acquire the entire […]
Muscat: The Sultanate of Oman has reaffirmed its commitment to combating money laundering, following a recent court ruling that imposed stringent penalties on a company convicted of money laundering. In a statement, the Public Prosecution said the Muscat Court of Appeal (Criminal Circle) issued a judgment, convicting the company of a money laundering offence. The […]
The Guinness World Records title for ‘The Most Financial Regulatory Licences at a Blockchain Ecosystem Launch’ was awarded to Blockmaze H.E. Dr Thani Bin Ahmed Al Zeyoudi says the Guinness World Records title reinforces the UAE’s position as a global…
The United States will impose a 25% tariff on most imported goods from Brazil, officials said on Wednesday. US Trade Representative Jamieson Greer said the tariff came as a result of a year-long investigation that unveiled unfair trade practices. “Whether it is punishing US technology companies for refusing to censor political speech, backsliding on anti-corruption […]
SALALAH: Heavy drizzle continues to fall on the coastal areas and mountains of Dhofar Governorate, turning the plains and highlands green as visitors flock to enjoy the monsoon season. Temperatures are moderate, reaching 25 degrees Celsius in Salalah. The Meteorology Department has warned motorists using the Adam-Thamrait road to exercise caution due to reduced horizontal […]
MUSCAT: The Green Energy Oman (GEO) project — one of the Sultanate of Oman’s flagship green hydrogen and ammonia initiatives — remains firmly on course, with project partner InterContinental Energy (ICE) expressing confidence that the venture will be able to supply competitively priced green ammonia to European markets in the early 2030s while driving production […]
Muscat: The Ministry of Transport, Communications and Information Technology (MTCIT) has said that the work on the Sultan Thuwaini Bin Said Road project (Bidbid – Nizwa) is ahead of its scheduled deadline and has reached a completion rate of 89.46% The project, estimated to cost more than RO10 million, includes reconstruction and repair of the […]
HONG KONG — China’s economy last quarter grew at the slowest rate in three years, reflecting a broader slump that the country’s leaders signaled earlier this year when they set the lowest growth target in more than three decades. On Wednesday, the National Bureau of Statistics said the economy expanded by 4.3% in the second […]
