Muscat

Saudi Arabia calls for oil producers

Muscat - Muslimchronicle

Top oil exporter Saudi Arabia called Sunday for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices. The call, the first explicit invitation by Riyadh for long-term cooperation between oil producers, came with oil prices topping $70 a barrel thanks to the deal, after they dove below $30 a barrel inRead more

Omani policeman stabbed to death in shopping mall

Muscat - Muslimchronicle

A mentally ill man carrying a knife in a shopping mall in Muscat stabbed a policeman to death and injured two others on Saturday, according to Omani security services. The incident came as a surprise to many as it is not common to have this spur of violence in a popular mall that is usually very safe. Omani police saidRead more

BTEA delegation participates in international conference

Muscat - Muslimchronicle

A delegation from the Bahrain Tourism and Exhibitions Authority (BTEA), headed by His Excellency Shaikh Khaled bin Humood Al Khalifa, Chief Executive Officer of BTEA, participated in the Second World Tourism Organization and UNESCO Conference on Tourism and Culture held in Oman during the period from 11 to 12 December 2017. "The Kingdom of Bahrain aims to focus its effortsRead more

Britain's Johnson meets Sultan Qaboos ahead of Iran trip

Muscat - Muslimchronicle

British Foreign Secretary Boris Johnson secured a rare audience with Oman's Sultan Qaboos in Muscat on Friday, state media reported, ahead of a crucial debut visit to Tehran. Oman TV showed a gaunt but visibly animated Qaboos greeting the foreign secretary, accompanied by his minister responsible for foreign affairs, Yusuf bin Alawi. Qaboos, the longest-serving ruler in the Arab world,Read more

Oman, Pakistan have a blood bond: Ambassador

Muscat - Muslimchronicle

With some 272,000 Pakistanis living in Oman, the Sultanate has the fifth largest Pakistan i expat population worldwide, which demonstrates the successful relationship between the two nations, Pakistan’s ambassador to Oman affirmed. Ali Javed, Pakistan’s envoy to Oman, noted that apart from trade ties, Oman and Pakistan have a blood bond, and the two countries must stand side by side. “ManyRead more

Oman enforces tolerance, keeping

Muscat - Muslimchronicle

On a November evening at Sayyida Mazoon mosque in Muscat, worshippers from different Muslim sects ascended the polished marble steps to pray together at sunset. Oman -- home to Sunnis, Shiites and adherents of the Ibadi branch of Islam, the sultanate's majority sect -- increasingly stands out as a bastion of coexistence in the Middle East. Respect for otherRead more

Indians in Oman don't have to link bank accounts with Aadhar, says agency

Muscat - Muslimchronicle

Indians in Oman and other countries don’t have to link their bank accounts with Aadhaar, the agency handling the identification card said. In a circular, Unique Identification Authority of India (UIDAI), said that Non Resident Indians (NRIs) and Persons of Indian Origin (PIO) are not mandated to link Aadhar with bank accounts since they are not eligible to hold theRead more

DP World reports 13.5% gross volume growth in third quarter

Muscat - Muslimchronicle

DP World Limited handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2017, with gross container volumes growing by 10 per cent year-on-year on a reported basis and 9.6 per cent on a like-for-like basis. The company’s third quarter growth rates accelerated to 13.5 per cent year-on-year (y-o-y) onRead more

Bank Sohar closes OMR100m bond issue with coupon rate of 7.75%

Muscat - Muslimchronicle

Bank Sohar successfully closed the issue of up to 100,000 perpetual capital securities (including a greenshoe option) on a private placement basis, at a price of OMR1,000 per capital security, aggregating to OMR100 million. The capital securities was issued with an initial interest rate of 7.75 per cent. The results of the private placement were approved by the Capital MarketRead more