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Oman

Oman’s National Gas Company terminates CEO

Oman to hike nationalisation quotas in the industrial, tourism sectors for 2019

Oman is cracking down on the employment of expats in several sectors

Fitch downgrades Oman’s debt to junk status

A recent surge in the country’s government bond yields has made it the weakest debt market link among Gulf oil exporters

Oman to triple medical examination fees for foreigners

A medical is compulsory for foreigners and their families when applying for a residence permit

Oman signs exploration agreements with Occidental Petroleum

The agreement covers the rights to explore for oil and natural gas in concessions 51 and 65

Oman’s National Gas Company terminates CEO

Oman mulls extension to ban on hiring foreigners in 10 sectors

The ban has already been extended once since being announced in late January

Oman grants 37 expats citizenship

Six Yemenis were also granted dual Omani citizenship

Oman to ban firms that don’t meet Omanisation targets from hiring foreign staff

A new online system will restrict businesses that don’t hire enough Omani nationals

Oman sees unemployment among citizens fall after expat hiring bans

The sultanate has enacted a series of bans on recruiting foreigners in key sectors

Oman grants 23 foreign residents citizenship as it celebrates National Day

The sultanate is holding a military parade today to celebrate its independence

Oman regulator suspends KPMG from new auditing work over “irregularities”

A review by the CMA “established professional negligence on the part of some audit firms”

Oman to generate $260m a year through tax on unhealthy products

A selective tax on tobacco products, energy drinks and soft drinks is already in force in Saudi Arabia and the UAE

Oman’s National Gas Company terminates CEO

Oman property developer Tilal plans $137m sukuk

Unlisted Tilal sold the country’s first sukuk in 2013 through a private placement

UK to open military base in Oman

The UK also opened a permanent base in Bahrain this year

Oman reveals design of Dubai Expo 2020 pavilion

Many countries have revealed the designs of their pavilions for the six-month long event

Oman officials discuss removal of electricity subsidies

The government is expected to spend $1.42bn on electricity subsidies this year

Israeli PM Netanyahu makes rare visit to Oman

Netanyahu’s visit came days after Palestinian President Mahmoud Abbas paid a three-day visit to the Gulf country

Rains hit Oman, Yemen as Storm Luban approaches

Both countries suffered extensive damage from Cyclone Mekunu in May

Oman closes Salalah port as Storm Luban approaches

The storm is expected to make landfall in Oman from Saturday

Oman to privatise two electricity firms in 2019

Oman has outlined plans in recent years to sell off state assets as it seeks to confront fiscal deficits

Oman could announce US dollar sukuk sale this week

Oman has borrowed extensively in the international markets over the past few years to finance state spending

Oman says children of foreign residents now eligible for ID cards

Among the benefits of the move will be speedier immigration for families at Muscat International Airport

Two British tourists killed after being hit by car in Oman

The incident occurred near a market in Salalah

Dubai car sharing app Careem resumes Oman services

Careem suspended services in Oman in 2017 shortly after launching

Oman central bank foreign assets fall to five-year low

Oman’s external debt has increased rapidly in the last few years

Oman’s GDP up 6.5% in Q1

The sultanate has benefitted from rising oil prices

Oman arrests more than 2,500 illegal workers

The arrests coincide with bans on recruiting foreigners in several sectors

New cargo terminal at Oman’s Salalah airport to open on Wednesday

The government also opened new cargo and passenger facilities at Muscat International Airport in March

Update: Saudi, Bahrain, Kuwait, Oman to mark Islamic New Year on Tuesday

Most Gulf countries have announced a national holiday

Oman plans to phase out traditional plastic bags

The introduction of new standards is hoped to mean most bags will be converted into compost or fetiliser

Oman confirms first day of Islamic New Year

Private sector workers in the country will receive a day off