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THURSDAY, August 13, 2015 / 27 Shawwal 1436 AH
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TWO-YEAR LOW
FOUR INJURED
Indian expats reap rupee dip benefits A. E. JAMES
businesseditor@timesofoman.com
SLUMP IN RUPEE: The Indian currency slipped to a two-year low of 168.70 against Omani rial.
TOP THREE INSIDE STORIES
OMAN
129 suspects arrested for thefts in Oman
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The Royal Oman Police (ROP) has arrested 129 accused for theft crimes in July. The accused had committed 106 thefts across Oman. Thieves target homes believing that residents may have kept valuables such as gold and cash. ROP calls on public to take precautions against theft in their houses. >A2
MUSCAT: Oman-based nonresident Indians started taking advantage of a slump in rupee value, which touched a two-year low against US dollar on Wednesday. China’s devaluation of yuan on Tuesday continued to put pressure on the Indian rupee due to appreciation of dollar in overseas markets. Almost all Asian currencies plunged on yuan fall for the last two consecutive days. Indian currency dipped to a two-year low of 168.70 against Omani rial (or 64.95 against US
dollar) by around 1.30pm Indian time, before closing at 168.20 (or 64.76 against US dollar). Rupee has been falling for the last five consecutive days. In fact, Reserve Bank of India’s strong intervention helped a marginal recovery towards the end. “Devaluation of yuan by China has affected currencies across the world, including India,” Tonny George Alexander, chief executive officer of Oman UAE Exchange, told Times of Oman. Echoing a similar view, Rajan B., general manager of Al Jadeed Exchange, said that dollar became strong against Indian rupee after
the fall in yuan value. With the fall in rupee value, foreign institutional investors started selling their holdings in Indian market, which caused dollar outflow. Rajan said there has been a 25 per cent growth in daily remittances in the last couple of days, as many Indians are taking advantage of higher value for their rial savings. “We are getting reports of a higher growth in remittances today,” he added. However, Alexander said since both public and privates sectors paid July salary by the middle of the month due to Eid, people do not have money to remit. >A6
‘Respect and learn from each other’
An affiliate of the IS in Egypt on Wednesday claimed to have beheaded a 30-year-old Croatian hostage and posted a picture of his dead body in what could be the first such killing of a foreign captive in the country since the dreaded terror group established a branch here. >A15
Outpourings in social media are not going to create a wedge between citizens and expats as Oman is a land of peace having respect for people of all nationalities and faiths
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reji@timesofoman.com MUSCAT: Two Omanis were killed and four others have been admitted to a hospital with injuries, following an accident in Haima on Wednesday morning, said sources. “Among the injured, the condition of one is serious,” added sources. Last month too, seven people died and five were seriously injured and 27 others escaped with minor injuries when a bus heading to Salalah was involved in a collision in Haima. While there has been a marginal increase in the number of road accidents, the number of deaths and injuries in the first six months this year has decreased. >A6 SHINAS
MUSCAT: A man died after falling into a well in Shinas on Tuesday night, according to the Public Authority for Civil Defence and Ambulance (PACDA). Following a call, officials of water rescue team and ambulances went to the well to rescue the person but failed, the Public Authority for Civil Defence & Ambulance tweeted in its official Twitter account. The nationality of the victim is not known. In a similar incident in May, a man had died in Hay Assim wilayat of Barka.
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A tender for consultancy services for a suitable site of a regional airport in Musandam and runways in Madha and Diba has been floated by the Ministry of Transport and Communications. The consultant will be required to conduct the study on two stages. >B1
REJIMON K
Staff Reporter
IS beheads Croatian abducted in Egypt
Musandam airport consultancy tender
Two Omanis die in Haima accident
Man dies after falling into well
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ELHAM POURMOHAMMADI
elham@timesofoman.com MUSCAT: Social progress and economic prosperity in Oman can be sustained only if locals and expatriates respect and learn from each other in an environment of friendship and co-operation, say people in Oman. As the Omanisation drive gains momentum, people from different segments of life have cautioned that it should not drive a wedge between locals and expatriates in Oman, which has always been lauded as a land of
exemplary tolerance and respect for all nationalities. They say there is no place for negative sentiment towards either locals or expatriates and see no point in the tug-of-war going on in some forums or social media networks, where some people address the other group in an inappropriate manner. Speaking to the Times of Oman, Shabib Al Maamari, executive director of Injaz Oman, said that in some discussions, especially on social media, some locals may be making comments that could offend expatriates.
However, he believes that it is not a big issue in Oman as compared to some other countries, Oman has always been open to others. Al Maamari said that times have changed and some locals may feel that they are not getting the opportunities they deserve and see big salaries being paid to expatriates. However, Omanis should understand that this salary did not come by chance and that the expatriate community is extremely hardworking, twice as laborious as the locals, because it is not his country and he has to prove himself or he will be replaced, he added. “Also, these expatriates did not swim their way in from the ocean. They were brought here as professionals by locals. So it defeats the argument that they are taking our jobs,” said Al Maamari. The official added that both expatriates and locals should respect each other and co-operate, an example of which is seen at Injaz Oman.
He explained that Injaz Oman asks volunteers from the private sector to teach others, and some of these volunteers are expatriates who believe that Oman has been good to them, and now they want to contribute in return. “If they do not care about this country, they would not think about volunteering and would consider it a waste of time,” said Al Maamari, and added that in 2012 they had an expat volunteer with 45 years of experience. “Imagine what would happen if we say that we do not need the experience of expatriates,” he noted. According to him, officials should also be careful about their choice of words so as to not offend others or create a negative sentiment. In addition, the executive director of Injaz Oman said that in order to help locals, the private sector should take the initiative and put a system in place to make the ‘career path’ clear and transparent for locals. >A6
Moulding clay and culture
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