Muscat: The total number of Omani women investors reached 33,000 — who has an estimated wealth of OMR570 million by the end of June 2018 — according to Muscat Clearing and Depository Company (MEDC).

Close to one in three investors in Oman is now a woman, who controls about 11.6 per cent of the total ownership of Omani securities. Omani citizens make up about 93 per cent of the total female investors in the Sultanate with non-Omanis comprising the remaining seven per cent.

Director of Studies"...

Muscat: Around 11,132 workers in the private sector, out of a total of 252,132 received a salary of over OMR2,000 in 2018, according to an annual report of the National Center of Statistics and Information (NCSI).

A salary of over OMR2,000 in the private sector is a rare find. The NCSI data, which also bifurcated information according to gender, showed that 10,211 males got wages of around OMR2,000 whereas 1,414 females got the same amount.

Most Omani workers’ group wages are less than OMR600,"...

With the rapid introduction and adoption of automation, 3-D printing, artificial intelligence, the Internet of Things and new generation robotics, modern Omani manufacturing is undergoing radical change – change that is opening up exciting new job opportunities and career prospects. However, traditional misconceptions about working in manufacturing persist and recruiting local talent to industry is proving tough.

Exploring how to improve the image"...

Oman’s Ministry of Tourism will be among the exhibitors from the Middle East at this year’s WTM London 2019 expo, which takes place in the UK during November 4 – 6, 2019.
Delegates from the Sultanate, among other parts of the region, are heading to London, looking to achieve an even greater share of the multi-billion-dollar international travel market.
According to research from Colliers International, the UK is predicted to retain its position as one of the top European destinations for GCC nationals"...

MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with the dynamic vision ‘To serve you better, everyday’ and catering to the unique needs of women, has launched a special campaign on the occasion of Omani Women’s Day to familiarise women customers with its exclusive savings account that offers a number of key benefits. Targeting women who prefer to use special banking services that enhance their privacy and aimed at encouraging a savings culture, the Neswa savings account is"...

Nama Group, in collaboration with the Environment Society of Oman (ESO), announced on Wednesday the launch of a youth initiative competition, titled ‘Green Innovation ECO-Thon’ in support of the Group’s Sustainability Policy.
The programme, to be conducted over three days, aims at encouraging youngsters to provide innovative solutions on environment issues. The ECO-Thon has invited 105 students from colleges and universities to present their best projects, applications and systems related to the 4th"...

The Embassy of India, Muscat, organised an India-Oman Business-to-Business (B2B) meeting on the food sector earlier this week. The B2B session helped in facilitating interaction and tie-ups between representatives of Indian companies visiting Oman to participate in ‘Food and Hospitality Oman 2019’, with their Omani counterparts. Dr Salim Suleym Saleh al Junaiby, Vice-Chairman of the Oman Chamber of Commerce and Industry (OCCI), was the Chief Guest on this occasion.
India Trade Promotion Organisation (ITPO),"...

Khazaen Economic City (Khazaen), the master developer of the new 52 million sqm integrated economic project in Barka, has announced that Oman’s National Fiber Glass Factory (NFF) will build a new manufacturing plant in the city. NFF will invest over RO 1.5 million in the new fiber glass manufacturing facilities and plans to introduce a new line of products at the facility to support the growing demand for glass-reinforced plastics used in commercial and residential construction across the Sultanate.
Khalid bin Awadh"...

Rents have declined 10 – 15 per cent in the residential market this year versus trends witnessed in 2018, the Sultanate’s largest integrated realty firm, Al Habib & Co, said in a report issued on Wednesday.
The report attributed the slump to, among other factors, an outflow of white-collar expatriate workers amid a subdued economic environment still suffering the lingering impacts of the oil price collapse in 2014.
“The real estate market continues to be soft with further declines in rents"...

A first of its kind Medical Fitness Centre for expatriate labour is planned to be established in the Muscat Governorate in partnership with the private sector.
The proposed facility is among a number of initiatives mooted by the Ministry of Health for implementation under Oman’s newly launched Public-Private-Partnership (PPP) framework.
In details unveiled at the Oman PPP Forum earlier this month, the Health Ministry outlined a portfolio of PPP-based projects, including a dialysis centre, primary health centre,"...