Times of Oman - January 4 , 2016

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6 085010 120010 FROM THE WORDS OF HIS MAJESTY THE SULTAN

At the opening of the annual session of the Council of Oman, 2009

‘His Majesty’s Wisdom’ We would like to address a word to Omani women and call upon them to take advantage of all the opportunities that have been granted to them, so that they can prove their worth and show that they are capable of overcoming any obstacles that might stand in their way

MONDAY, January 4, 2016 / 23 Rabi Al Awal 1437 AH

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HEAVY RAIN IN BURAIMI, SOHAR, MUSANDAM Heavy rains fell in Buraimi, Sohar and Musandam on Sunday, according to the residents. Streets were waterlogged in Musandam after heavy rains. - Supplied photo See also >A4

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2016 to be year of austerity for many in Oman Lavish lifestyles will be challenged, and those less well off will be wise to prepare to tighten their belts, say economic experts

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MUSCAT: Austerity will be a lifestyle choice for many in 2016, nationals and expatriates alike, say experts as Oman takes significant steps to get back on a firm financial footing. That will mean, say commentators, that families must look at their spending, particularly on luxuries, as economic measures. Especially, the decision to deregulate the price of oil products could hit people’s pockets hard. On Friday, Darwish bin Ismail Ali Al Balushi, Minister Responsible for Financial Affairs, said the government expenditures and

OMAN

Dental clinics in Sultanate under scanner

1

Private dental clinics in Oman are under constant supervision to ensure best services and care for the patients, an official at the Ministry of Health (MoH) has said. >A2

WORLD

MARKET

A hospital for falcons Feeder connectivity

2

Falcons receive premier healthcare facilities at Abu Dhabi hospital. >A13

3

Port of Duqm plans to start a feeder service with Jebel Ali. >B1

BONDING WITH BRUSHES

Lamya finds a niche in make-up world

Lamya Al Mawali, a passionate make-up artist.

revenues for 2016 are estimated at OMR11.9 billion and OMR8.6 billion, respectively, leading to an anticipated deficit of OMR3.3 billion. And so the government has decided to deregulate the prices of petrol and diesel fuels, as part of the nation’s fiscal reforms. National savings “The most affected will be the common man, and he can be affected in several tangible ways. It will affect the socio-economic condition, and national savings will decrease significantly,” Dr Anchan C K, an economic expert and managing director at the

National Budget 2016 In million rials

Thus, over a period of time women begin sharing a close bond with brushes and pencils and develop an artistic adeptness when it comes to making use of makeup palettes on their faces.

Times News Service MUSCAT: Lamya Al Mawali, a passionate make-up artist based in Oman, started her journey about 10 years ago. Lamya rose to fame after winning the ‘Maxfactor Make-up Artist Hunt 2012’. This was the beginning, but her venture has been progressing well and creating new milestone every year. For women, especially in this part of the world, make-up plays a crucial role.

Thus, a lot of attention is often paid to the intricate details that highlight and enhance a woman’s face. It is the portrayal of a woman’s mood and her personality.

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Skills put to test All these skills were put to test at the Shangri-La Barr Al Jissah Resort and Spa when five finalists, out of the 50 budding make-up artists participating in the threepart competition, displayed their talents at the Maxfactor Makeup Artist Hunt 2012. >A6

World Wide Business House, told the Times of Oman. “The common man has to start planning as to how he can cope with his monthly expenditures, with limited wages and soaring prices of goods, especially the FMCG (fast moving consumer goods) products such as milk, pulses and vegetables etc. which are daily requirements. “Thus, in the end, the common man has to compromise with his tastes and go in for less costly products and even cheap alternatives for certain products. Going out with family and friends will no longer be a satisfactory experience as the pinch on the purse far outweighs any culinary gratification one might aspire for,” Anchan added. However, another economic expert said reducing fuel subsidies is a ‘good step’ which will not only help the government generate additional revenues but also promote appropriate consumption patterns among the people in Oman. >A5

Total

11,900

se 550 Other expen

Gas revenue 1,590

150

Participation and international institutions

400

Subsidies

s

Defence and 3,500 security

Net oil revenue 4,560

Total revenue

Total ppublic expenditure

8,600

8,680 4,600 Civil Ministries

Current revenues 2,400

Capital revenues

20

Capital repayments

30

Net grants

600

Net foreign borrowing

900

Financing from reserves 1,500 Net d domestiic domestic b borrowing i g

300

Total cing finan

Total investmen t

3,300

2,670

Source Ministry of Finance

Graphics hi

Oman braces for challenging 2016

300

Oil production

190

Gas production

90

Interests on loans

1,200 Development expenditure

150

Development expenditure for Civil Ministries

20

Capital for Civil Ministries

700

Oil production

A3 600

G p Gas produc oduc d ti ti o tion


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