WEDNESDAY May 11, 2016 4 Sha’aban 1437 AH
6 085010 120010 FROM THE WORDS OF HIS MAJESTY THE SULTAN
To the People, 1975
‘His Majesty’s Wisdom’ Oman today is not the Oman of yesterday. Its lack-lustre face has changed. It has shaken off the dust of isolation and stagnation, opened its doors and windows to the light and declared to the world that it is ready to communicate directly with it, interact with the changes taking place in it and allow itself to be affected and influenced by them.
Founded 1975 . Volume 41 No. 68
| 40 Pages . Baisas 200 . Subscription OMR63 | ISO 9001:2008 Certified Company | Chairman/Editor-in-Chief: Mohamed Issa Al Zadjali | Printed & Published by Muscat Media Group
TOP THREE INSIDE STORIES
OMAN
INNOCENT?
Money top priority for jobs: Survey
1
Money seems to be the most common motivator while considering taking a job, the Oman Employment Report–Insight for 2016, which was recently published by Oxford Strategy Consulting, indicated. The survey aims to “offer insights underpinning the current aspirations of Omanis. >A4
MARKET
Oman’s budget deficit to remain intact
2
Oman’s budget deficit as per cent of gross domestic product (GDP) will remain unchanged at 17.1 per cent this year, despite cut in subsidies and capital investment, a senior official of the International Monetary Fund said. It was 17.6 per cent of the GDP last year. >B1
Father of murdered nurse believes his son-in-law, still in police custody, could not be the killer
SPORTS
Sohar golf course feasibility discussed
3
A steering committee formed to study the feasibility of a golf course in Sohar met recently to discuss the project. The steering panel was formed after an initial meeting of the Oman Golf Committee members and 25 top executive managers from the Sohar Industrial Area. >C3
Turn to >A3
TRACKING TRANSACTIONS
Smart cards to prevent money laundering at exchange houses RAHUL DAS
rahuldas@timesofoman.com
MORNING MINUTE
“We know that they loved each other very much. We don’t believe that he can kill her,” says the grieving dad
MUSCAT: It is impossible to remit money if one does not have a resident card, money exchange officials confirmed on Tuesday. In a new move, every customer will have to produce their resident or identity card, which is now being scanned by smart card readers at the exchange houses,
while remitting or changing money. “This is being done to enhance due diligence and to support KYC (know your customer) requirements,” Tonny George Alexander, director of the Oman UAE Exchange, said, adding that they have already installed smart card readers at 52 branches in Oman. Banking experts said this move will prevent money laundering
and also help in tracking the customers’ transactions in case of any problems. Alexander also said Smart Card Readers ease errors during transactions. “The Smart Card Readers read all the required information from the Civil ID and resident cards and keep a record electronically at the exchange houses,” Alexander said. >A6
Message of peace through paintings
A6