May 20, 2019   English | عربي
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May 20, 2019

MUSCAT, MAY 19 – On the back of a huge turnout of international tourists, the occupancy level in hotels and other facilities in the Sultanate witnessed significant rise during this winter season. Along with the increase in the number of tourists during the season, hotel establishments also expanded to meet the rising demand for tourist accommodations. According to figures from the Ministry of Tourism, occupancy level in the hotels varied between 75 per cent to 90 per cent during the season, which begins in October and"...

May 19, 2019

Muscat: Commercial banks listed at Muscat Securities Market (MSM) predicted that government spending in 2019 will reflect on banking sector activities and support the growth witnessed by the sector.

Ahli Bank said in its quarterly report to shareholders that the improvement in oil prices led to the provision of necessary assistance to the economy while reducing the deficit in the state budget.

The report forecast that the rise in oil prices and the profits of hydrocarbon production will increase the"...

Numbers confirm Oman's status as a winter tourism hot spot
May 20, 2019

Muscat: The occupancy level of hotels and other tourist facilities in the Sultanate during this winter season stood between 75 per cent to 90 per cent.

The winter season begins in October and continues till the end of April every year. The increase in the occupancy level was due to the huge influx of tourists who have come from various markets of the world to enjoy natural and cultural tourism elements of the Sultanate and avail the facilities provided by the concerned government organisations, companies, hotels,"...

Decision to suspend tax on dividends to boost investments
May 20, 2019

MUSCAT: Qais bin Mohammed al Yousuf, Chairman of Oman Chamber of Commerce and Industry (OCCI), hailed the Royal consent of His Majesty Sultan Qaboos and His Majesty’s government to suspend dividend tax on shares and interests at 10 per cent imposed by the Income Tax Law issued by the Royal Decree No 9/2017, for a period of three years from May 6, 2019. He affirmed the Royal care accorded by His Majesty the Sultan for the economic development in the Sultanate, which will enable it to perform its prospective roles and carry"...

PACA predicts heavy rains today in Oman
May 20, 2019

Muscat: The Public Authority of Civil Aviation (PACA) has warned of heavy rains for Sunday evening in the Alert 1.

Accompanied by active winds, some regions are expected to receive rainfall in the range of 40 to 90 mm millimeters on Sunday.

With the possibility of flowing wadis, PACA urged everyone to take precautions during thunderstorms, not to cross valleys, avoid low lying"...

Oman health institutions ready for unstable weather conditions
May 20, 2019

Muscat: Due to the climate condition witnessed in the Sultanate, the Ministry of Health (MOH) in a statement confirmed the readiness of all health institutions to deal with such condition.

The Ministry is continuing providing the health services in the Governorates during the climate condition, as well as providing all the needs for the health institutions in terms of the human resources, medical devices, medicines and other logistics services.

Al Yousef Group lends its support to Oman Cancer Association
May 20, 2019

Muscat -

Al Yousef Group (AYG) announced its donation to the Oman Cancer Association on the sidelines of the PanAsia 2019 event recently organised by FC World.

AYG was present and participated in the spectacular musical fundraising event. The AYG supports the efforts of Oman Cancer Association in providing services to cancer patients in the Sultanate of Oman and abroad.

Wadis overflow as heavy rains lash several wilayats
May 20, 2019

Muscat: Even as heavy rains lashed a number of governorates in Oman, the impact of the low pressure trough in the Arabian Peninsula, is expected to continue till Wednesday.

“All the governorates in the Sultanate will be affected by heavy rains measuring between 40 to 90 millimeter. The rains will be accompanied by hails and thunders,” a statement from the Public Authority for Civil Aviation (PACA) said on Sunday. Accordingly, it issued an"...

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