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French insurance giant AXA Group announced it has relinquished its Gulf region operations to GIC Gulf Insurance for $290 million as it moves to slim its activities. The transaction will enable GIC Gulf Insurance to take control of Axa Gulf Read more
Oman is looking to conquer the space in 2024 the Minister of Transport, Communications and Information Technology, Dr Said Bin Hamoud Al-Mawali said ahead of the country’s 50th National Day, reports say. “We have to address the role of the Read more
Yemeni Houthi rebels have released US citizens held in their custodies following mediation by Oman, reports say. “Under the directions of Sultan Haitham bin Tariq, the relevant authorities in the Sultanate contacted authorities in Sanaa which agreed to release the Read more
Oman is drafting a dress code including jail terms and fines to punish “unethical” dress in capital Muscat. The law, being drafted by the Muscat municipality, will cover public areas in the capital, after complaints from shoppers about immodest dress, Read more
Oman’s ministry of health has laid the foundation stone for the construction of the 700-bed hospital in Salalah, Dhofar province, for a total investment valued at $334 million. The health facility to be named after the country leader Sultan Qaboos Read more
Oman’s national carrier, Oman Air, will resume its commercial flight operations from October 1 after a seven-month hiatus over the coronavirus pandemic. The decision comes following the announcement by the Oman airport of the resumption of air traffic for international Read more
Oman will launch operations of its biggest solar plan, Ibri II, by mid-2021, Trade Arabia reports. The project located in near Ibri, the capital of the Dhahirah Governorate, is currently under construction. Acwa Power, Gulf Investment Corporation (GIC) and Alternative Read more
Oman ruler, sultan Haitham Bin Tarik, has ordered the country’s financial institutions to provide interest-free loans to Small and Medium Size companies as well as individual entrepreneurs whose businesses have been affected by the covid-19 pandemic. The program according to Read more
Microsoft Corporation will collaborate with Oman’s National Youth Council (NYC) to upgrade Omani youth’s skill in emerging technologies, Trade Arabia reports. The Washington-based tech giant will organize Youth Tech Bootcamp during which students and working professionals will have the opportunity Read more
The Civil Service Council of the Sultanate has cut by 23 per cent the salaries of the new civil servants as Gulf country implement austerity measures as result of slimming oil revenues and effects of novel covid-19 disease. The council Read more