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Iran’s nuclear deal will give Sultanate a lift
MANAH
The historic nuclear AUGUST FUNCTION: His Majesty Sultan Qaboos bin Said lays the foundation stone for ‘Oman Across Ages Museum’ at Manah in the Governorate of A’Dakhiliyah on Tuesday. – Mohamed Mostafa
agreement with
HM lays foundation stone for Arab world’s biggest museum
as a ‘new chapter’,
the West, hailed will benefit Oman’s fortunes through trade and friendship,
MANAH: His Majesty Sultan Qaboos bin Said has laid the foundation for ‘Oman Across Ages Museum’ in the Wilayat of Manah in the Governorate of A’Dakhiliyah. His Majesty was welcomed by the Main Committee Members of the project and shown pictures of museum design and contents, including the project model. His Majesty was accompanied
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by some ministers and army commanders. The idea of the project has taken shape in accordance with the wise vision of His Majesty, who wisely decided to build
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C A P I TA L M A R K E T AU T H O R I T Y
His Majesty issues two Royal Decrees MUSCAT: His Majesty Sultan Qaboos bin Said on Tuesday issued two Royal Decrees as follows: Royal Decree No. 30/2015 establishes Oman Governance and Sustainability Centre and promulgates its bylaw. Article (1) states that a centre to be named “Oman Governance and Sustainability Centre” shall be set up and affiliated to the Capital Market Authority, and that the system attached to this decree shall be applied to the Centre. >A9 See also >B3 His Majesty exchanges Eid greetings >A9
a museum showcasing the history of Oman through ages in both sound and picture. It will shed light on the miraculous achievements accomplished after 1970. The museum will represent Oman’s divine nature and its geographic diversity in an interactive way using modern narrative description techniques. >A9
OMAN
Report on Sohar plant Habsi signs for Reading FC
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Investigation report on the loss of power and water production at Sohar plant has been published. >A5
OMAN
Patrolling by ROP
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Patrolling will be intensified during Eid holidays, said ROP. >A6
INDIA
27 killed in stampede DIGEST VIDEO Top stories in one minute with our new daily Digest
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A stampede on the banks of a holy river in India killed 27 pilgrims. >A15
say economists
HISTORIC DEAL: EU official Federica Mogherini and Iranian Foreign Minister Mohammad Javad Zarif, right, in Vienna. - Reuters
businesseditor@timesofoman.com
Oman helped clinch Iran deal >A8 ‘An achievement for HM’ >A8
MUSCAT: Oman will be the most important economic beneficiary among its regional peers once global trade sanctions on neighbouring Iran are lifted following the signing of the historic nuclear deal with world powers, economists and market analysts say. Iran and the world powers on Tuesday reached an accord in Vienna that would rein in its nuclear programme in exchange for an easing of the crippling sanctions against Iran.
Iran, in lieu, will get access to more than $100 billion in frozen assets after the Iran nuclear agreement is implemented. This depends on when UN nuclear watchdog certifies Tehran’s curbing of its nuclear programme. The Sultanate’s strategic geographic position and its strong bilateral relation will definitely help the country benefit from lifting of sanctions on Iran, Samra Al Harthy, an economist in Muscat,
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told Times of Oman. “There will be significant economic benefits,” she said, adding that the areas of cooperation could be tourism and healthcare. “(However) it will take some time to put everything in working,” added Samra. Oman will be in a better position to re-export Iranian goods and services to regional countries due to its proximity to Iran and the Sultanate’s better port facilities. The Sultanate can play the role of a trade facilitator between Iran and other countries, which is also in line with the government strategy to develop Sohar as an important reexport hub. >A8 See also >A12