Times of Oman - April 14, 2016

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THURSDAY April 14, 2016 6 Rajab 1437 AH

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FROM THE WORDS OF HIS MAJESTY THE SULTAN MORNING MINUTE

To Sheikhs and Dignitaries of Dhofar at the conclusion of His Majesty’s Meet-the-People Tour of the country, 1995

‘His Majesty’s Wisdom’ When it rains, it begins in small drops and then it pours. It is the same with material benefit. What you should be doing is to enlighten your children on these matters so that they can feel responsibility towards themselves and towards serving their country.

Founded 1975 . Volume 41 No. 45

| 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

SAUDI ARABIA

MEDICAL CHECKUPS

HM’s return to Oman welcomed by people FAHAD AL GHADANI

fahadnews@timesofoman.com MUSCAT: Welcoming His Majesty Sultan Qaboos bin Said’s return to Oman after the routine medical checkups in Germany, Ahmed Al Hooti, a member of the Oman Chamber of Commerce and Industry (OCCI) said that may the Almighty Allah grant him good health, happiness and a long life, with great joy. “The news pushes us to build this country as planned and started by His Majesty the Sultan in 1970. The private sector is one of the basic pillars of development, be it on the economic side represented by the development of commerce, industry, agriculture, tourism and economy in general or the social side, represented by the development of human resources as described by His Majesty,” he said. Al Hooti extended his heart-

A MIX OF CURIOSITY AND EXCITEMENT Students rose to the challenge and answered the right mix of questions posed by quiz master Lloyd Saldanha at Times of Oman Inter School Quiz Contest (TOOISQC) at the Indian School Ghubra. >A4

MUSCAT: His Majesty Sultan Qaboos bin Said has sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of the Kingdom of Saudi Arabia on the death of Princess Sara bint Saud Al Kabeer. In his cable, His Majesty the Sultan has expressed his sincere condolences and sympathy, praying to Allah the Almighty to rest the deceased’s soul in peace and grant her family patience. -ONA

felt greetings and the greetings of the members of the OCCI board and OCCI branches in the various governorates and the private sector on the blessed occasion of the return of His Majesty the Sultan, praying to the Almighty Allah to protect him and preserve the stability and security of Oman under his wise leadership. Mohammed Al Kindi, a Majlis Al Shura member thanked the Almighty Allah on the return of His Majesty the Sultan to his beloved country. Praising the wise and visionary leadership of His Majesty the Sultan, Al Kindi said His Majesty has brought a sea-change in the lives of people in Oman. The country and its people are indebted to this great leader and we pray to the Almighty to grant him a long life to serve the country and usher in more development, he added. >A7

C O M M U N I C AT I O N

Users miss free calls on Snapchat

Calls to help boost expat property sales Expats face problems in owning properties in Oman, reducing investment opportunities

BABA UMAR

babaumar@timesofoman.com MUSCAT: Real estate giants in the Sultanate have called for government policy to improve expat property buying in order to boost the sector, attract more tourists and investors and help the country battle the oil price slump. Expatriates are allowed to buy properties for residential or investment purposes at the Integrated Tourism Complexes (ITCs) licenced by the government agencies, which is subject to the approval of the Ministry of Housing. “Most of the foreign buyers face difficulties in getting the necessary paper work done especially when they apply for the visas of residency. Many things are not clear at various government authorities,” Hatim Ali, CEO of The Wave Homes told Times of Oman. “Some foreigners are reluctant. They don’t see the legal framework to be complete. Although Oman is safe but investors with big money want to see a clear framework of buying, responsibilities and obligations which has not yet done.” The real estate experts say the attempts to open up Oman’s rea-

There are restrictions on expatriates buying properties for residential or investment purposes and they have to face many hurdles at various levels in Oman

sonably priced real estate homes to expatriates would also mean attracting buyers who are no longer able to afford in other expensive GCC countries. “But there are other difficulties too,” explained the top official of Wave Homes - a property management company. “In other GCC countries, on

an expat’s Identity Card, they put the title as ‘investor’ once an expat buys a property. Oman doesn’t give that title. The government uses the word ‘Owner’, which gives the expats great trouble when they travel to other GCC countries,” Ali said, adding, “When they go to Dubai, Qatar or Abu Dhabi, they are not seen or categorised as investors. So they [expats] always have problems in getting visas when they want to travel to these countries, although some of expats are making investment in millions. Otherwise, the process of buying properties in Oman is very simple.” However, Saleh S. Al Siyabi, The Wave’s senior manager for sales and leasing, says that there is no collective agreement in GCC countries for allowing “property owners” to move freely in the GCC region. “The one which Oman gives is a residency visa. It’s not a work visa. This should be clear,” he told TOO. He added: “The agreement between the GCC countries allows the managers - who actually work in the GCC nations - to enter these countries. And vice versa, people who invest in buying a property as “Owners”, there is no collective agreement in the GCC countries. But these are two different laws. Residency visa has nothing do with the work visa,” he explained. Officials of the Ministry of Housing say the process of granting “residence visa” to expats goes according to the procedures.>A8 TOP THREE INSIDE STORIES

OMAN

Amazing picture

1

This photograph shows the stark contrast of the blue sky and turquoise sea. >A7

OMAN

Vishu celebration

2

Keralites living in Oman are all set to celebrate Vishu on Thursday. >A8

MARKET ‘Oman one of the most beautiful countries’

HM sends condolences

Sohar water plant

A6 3

OPWP signed a OMR100 million agreement with a consortium.>B1

FIRST QUARTER

Omantel’s revenue grows to OMR135m Times News Service

Times News Service

MUSCAT: Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecom service provider, on Wednesday said that its group revenue for the first quarter of 2016 grew 4.7 per cent to OMR135.5 million from OMR129.4 million for the same period last year. The group net profit was OMR34.8 million for the first quarter of this year compared to OMR34.6 million in 2015, an increase of 0.6 per cent, according to a company release. The net profit is propelled by strong domestic performance, which witnessed an impressive revenue growth of 5 per cent contributed mainly by revenues from Fixed and Mobile broadband services and submarine capacity sales. Cost of sales increased by 8.4 per cent, while operating expenses recorded a fall of 3.5 per cent compared to the corresponding period.

MUSCAT: Popular video and photo-sharing app Snapchat created a lot of excitement among its users when it announced free call feature for its users in the last week of March. This excitement, however, was short-lived as users could not make or receive calls a few days after the launch. Many have been left wondering if the feature will ever become functional in Oman, where several free calling apps are blocked. Until now, there has been no official word in this regard. Snapchat users in Oman shared their frustration with the Times of Oman, with many of them saying they wanted to use the free calling feature to talk to friends in other countries. Snapchat introduced its 2.0 version, where users can voice and video chat with the touch of screen. >A7

The company’s earnings before interest, tax, depreciation and amortization (EBITDA) stood higher at OMR70.4 million for the first quarter of 2016, against OMR65.1 million for the same period of last year. The results are preliminary and unaudited and subject to approval of the board. The final results will be released after the approval of the board of directors meeting, which is scheduled on May 12, 2016.


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