The leading consumer electronics brand, Sony Gulf, introduced into the region on Sunday, July 3rd, their latest offering of high-tech development, namely, the Bravia line of TVs. Projected Sales in Millions Sony Gulf is projecting sales for the coming year in the Middle East and African region to be upwards of 2.5 million units, explaining…
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Oman Chamber of Commerce and Industry Forms New Board
Last Tuesday the Oman Chamber of Commerce and Industry, (OCCI) elected a new board consisting of 15 businessmen. Looking Towards Future There is much optimism in the business community of Oman as the new board takes charge in the aftermath of what has been a large and protracted nationwide agitation by workers from many sectors….
Oman Posted Strong Revenue Growth in 2010
Revenues Up Compared to what was expected for 2010 there has been a significant increase in the real budget revenue as well as expenditures in Oman over the past year. Government revenue expanded by 24% to RO 7916.5 million in comparison to the expected budgetary estimate of RO 6380 million. Expenditures, Too Government expenditures also…
Oman’s Human Rights Committee Examines Abuse Cases
Oman’s National Committee for Human Rights will be dealing with as many as 200 reported cases of rights abuses in the time period from January to May of 2011. Committee Directly Deals with Abuse The abuses complained of include human trafficking and other civil rights violations. The committee is investigating the allegations directly but in…
Oman Pledges Support to Syrian Leadership
Sultan Qaboos Bin Said of Oman sent a message of support to President Bashar al-Assad of Syria via the Omani Foreign Minister Yusuf bin Alawi during his visit to Damascus this past week. The Syrian president and the Syrian Foreign Minister Walid al-Moallem met with bin Alawi to discuss the latest events taking place in…
Omani Men Find Marriage Huge Financial Burden
One of the demands posed by demonstrators during the “Arab Spring” in Oman was to create a fund to help Omani men finance the lavish weddings and high dowries which are expected by the bride and her family. Shura Council Offers Partial Solution The parliamentary-like body in Oman known as the Shura Council has offered…
Ofer Group Business
Ofer Hi-Tech Investments Established in 1997 as a subsidiary of Ofer Group run by the Ofer Brothers, Ofer Hi-Tech fast established itself as a “strong international presence.” The goal of Ofer Hi-Tech has always been to provide backing to “private equity investments in the pioneering and rapidly expanding IT and life science industries in Israel.”…
Oman Increases Scholarships by Forty Three Per Cent
The Omani Minister for Higher Education, Dr. Rawiyah bint Saud Al Busaidiyah announced at a joint press conference with the Manpower Minister Shaikh Abdullah bin Nasser Al Bakri and the Vice Chancellor of Sultan Qaboos University Dr. Ali bin Saud Al Bimani that His Majesty Sultan Qaboos bin Said recently ordered an increase in the…
OPEC Meeting This Week in Vienna
The Organization of Petroleum Exporting Countries is scheduled to meet this week in Vienna. Their task will be to strike a fine balance between setting oil prices just right so that the international economy can continue on its slow and tedious recovery without having to deal with an extra burden of rising oil prices, while…
Sustainability Seminar Held in Muscat
The Health Minister of Oman, Dr. Ahmed bin Mohammed al Saieedi, and many other Ministry employees were on hand for a seminar on Project Management and Sustainability Methodology in Muscat on Wednesday. Sustainability Through Management The goal of the seminar was to introduce ways to achieve sustainability through the efficient use of management, with a…