Times of Oman - January 7, 2015

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WEDNESDAY, January 7, 2015 / 16 Rabi Al Awal 1436 AH timesofoman.com

TOP THREE INSIDE STORIES

OMAN

‘Oloum Al Shabiba’ launched

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Ahmed Essa Al Zedjali, CEO of Muscat Media Group launched on Tuesday the new media service ‘Oloum Al Shabiba’ following a three – month internal trial. The CEO in the presence of the employees, media persons and members of the group praised the efforts extended throughout the last year for the production of the news service. He said that the news service aimed to keep abreast with the digital media and the developments witnessed in the media sector. >A2

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Oman outspends Dubai in budget Expenditure comparison (Figures in million OMR) Oman Spending plans

Mass marriages become popular

MUSCAT: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to Emperor Akihito of Japan on the 26th anniversary of his accession to the throne. In his cable, His Majesty the Sultan has expressed his sincere congratulations along with his best wishes of good health and happiness to Emperor Akihito and the friendly Japanese people further progress and prosperity. -ONA

Expatriate numbers rise marginally

377

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HM sends greetings

NCSI FIGURES

Surplus

4,290

With the Majlis Al Shura stating recently that it is still too early for the marriage fund to become a reality, many youths are opting for mass marriages, thus avoiding the rising expenditure on marriages. Forty-five nationals married recently at a mass marriage ceremony in Barka while 26 others married in a similar manner in Bidiyah. Mass marriage functions have become quite popular in the Sultanate, especially in the interiors. >A2

JA PA N

Dubai Estimated end of 2015

14,100

OMAN

ISO 9001:2008 Certified Company

2,500

Deficit

Expenditure per person (OMR)

3,445 (Population: 4,091,814)

1,870 (Population: 2,298,000) Graphics

There were 1,565,523 expatriate workers in the Sultanate in November 2014.

Oman’s population

Analysts optimistic on budget

is almost twice the

MARKET

Oman crude price slides below $50

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Oman crude price on the Dubai Mercantile Exchange tumbled to under $50 a barrel for the first time in more than five-and-ahalf years, as the 2014 oil price collapse continued into the new year. Front-month January DME Oman futures contract closed at $49.39 a barrel (12:30 Dubai time), down $2.65 on the previous close and the lowest closing price since May 2009, with almost 4,000,000 barrels traded during the five-minute window. >B1

CURTAILED EDITION Due to some unavoidable circumstances, the Times of Oman has a curtailed edition today.

size of Dubai, but it is spending almost twice as much per head than the emirate

REJIMON K

reji@timesofoman.com MUSCAT: Analysts are optimistic about the Sultanate’s future but at the same time they have taken a waitand-see approach after the finance ministry revealed the detailed plans of the 2015 budget. “Considering the current global economic woes due

to the dip in oil prices, the budget plans cannot be called good or bad. We can only say that this is what we have and what we can do,” Tawfiq Al Lawati, Majlis Al Shura member, told the Times of Oman. On Monday, the finance ministry revealed the plans on how Oman will make its money in 2015 and what it will spend that cash on. >A4

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Majid, country manager, Pak Oman Investment Company, “Oman’s steady budget spending indicates the depth in the country’s economy and government finances and also reinforces Oman’s reputation for economic stability. The continued focus on infrastructure and human development will further consolidate foundations for long term economic development.”

Staff Reporter MUSCAT: Oman is splashing three times as much cash in 2015, and spending more per head of population, than its glitzy neighbour over the border Dubai. Both Dubai and Oman have released their budgets for the coming year, but contrary to what many might have expected, it’s the Sultanate which is investing the most over the next 12 months. That comes despite the oil price crisis, it was trading at $49.07 per barrel on Tuesday. Across the border in the UAE, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and

Prime Minister of the UAE and Ruler of Dubai, announced on the state news service WAM at the weekend that he had approved spending plans of Dh41 billion, equivalent to OMR4.29 billion However, under the plans approved by His Majesty Sultan Qaboos bin Said, Oman is to spend OMR14.1 billion, around Dh135 billion. That puts the total the Sultanate is investing in infrastructure and services this year at more than three times Dubai’s total. Oman does have almost twice

the population of the emirate, but it is also spending almost twice as much per head than Dubai. According to official statistics some 2,298,000 people live in the emirate and the 2015 plan equates to Dh17,841 per person (OMR 1,870). Compare that to Oman which currently has a population of 4,091,814, again according to the official figures. Breaking that down, the amount it spends per person works out at OMR3,445.9 (Dh 32,874). According to Noaman Abdul

Case study “However, Dubai’s success in moving its economy beyond oil by allowing greater participation from private sector should be duly appreciated and could be a good case study for economic planners if oil prices were to remain subdued for the next few years.” Salah Al Obaidani, a retired project director at the Ministry of Transport and Communications, said, “Oman spends more cash than Dubai for a simple reason because the Sultanate is a much bigger country, hence it needs more development. >A4

Times News Service MUSCAT: A marginal increase of 0.5 per cent (7,071) in the number of expatriate workers was witnessed in November, 2014 compared to October, 2014, according to the National Centre for Statistics and Information (NCSI). There were 1,565,523 workers in November compared to 1,558,452 workers during the previous month. The report revealed that expatriate workers in Oman are distributed across three sectors — government, private and family sectors. The number of workers in the government sector by the end of November reached 59,661 reflecting an increase of 0.4 per cent or 233 new workers when compared to October figures. In the private sector, the number of workers at the end of November reached 1,267,418, increasing by 0.4 per cent or 4,631 workers when compared to the October figures. Furthermore, expatriates working in the family sector increased by 0.9 per cent by the end of November totalling 238,444 workers when compared with 236,237 by the end of October 2014.

SINKING OF SOMALIAN DHOW

Indian sailors stranded in Salalah await help REJIMON K

reji@timesofoman.com MUSCAT: Fifteen Indian sailors on the ill-fated Somalian dhow Al Yasin, which caught fire and sank in Salalah waters on December 30, are waiting for a call from the authorities to return to India. Sheltered in Al Mukthar, another dhow, in Salalah waters for the last seven days with minimum food and clothes, the 15 Indian sailors who were rescued by the Omani coast guard, are awaiting a BOAT ON FIRE: The Somalian dhow Al Yasin, which caught fire and response from the Indian authori- sank in Salalah waters on December 30. – Supplied picture ties to get the documents required to fly back to India. “We have been told that our by then we will have to seek shelter guard. We were asleep. Suddenly, documents will be ready soon. in some other dhows till the issue the two on guard alerted us that the boat was on fire. In a hurry to But there is still uncertainty. If we is resolved. “We have contacted our dhow save our lives, we did not think don’t get it in two or three days, we may lose our shelter as the boat owner, but he lost his vessel in the about saving our travel documents in which we are staying in, will be accident, so what can he do? He too or belongings. The timely call and the action of port authorities saved sailing back to Somalia,” Hassan, is helpless,” added the captain. The sailors have lost their pass- us,” said the captain. the captain of the ill-fated Al Yasin, Meanwhile, Omar, who is coports, clothes and money in the told Times of Oman. “If the papers are not prepared fire. “Only two sailors were on ordinating the efforts to help the

sailors, said they were trying their best. “We are in touch with the officials. We hope the sailors will be able to fly back home soon. If they are not able to do so, we have to look for another dhow to shelter them,” said Omar. “They lack food and clothes. They are having a tough time, but for the benevolence of the Al Mukthar captain,” added Omar. An Indian embassy official said they were doing their best to prepare the out-pass for the sailors. “We are coordinating our efforts to help them,” said the official. Meanwhile, an official from the Salalah Port said that the investigations revealed that the fire broke out in the dhow’s kitchen. “Investigations into the incident have revealed that the cause was a fire in the kitchen. As a proactive measure, the port has started a plan to lift fire safety equipment aboard dhows and educate the crew about fire fighting,” said the official.

Dhaka threatens murder charges against Khaleda

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