Times of Oman - November 16, 2016

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WEDNESDAY November 16, 2016 16 Safar 1438 AH

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FROM THE WORDS OF HIS MAJESTY THE SULTAN

On the occasion of the 20th National Day, 1990

‘His Majesty’s Wisdom’ We stress the importance of more intensive effort, in this coming era, to develop the economy of our country, through carefully prepared programmes to achieve greater economic growth.

Founded 1975 . Volume 41 No. 222 | 36 Pages . Baisas 200 . Subscription OMR63 | ISO 9001:2008 Certified Company | Chairman/Editor-in-Chief: Mohamed Issa Al Zadjali | Printed & Published by Muscat Media Group

INDONESIA

HM receives thanks cable MUSCAT: His Majesty Sultan Qaboos bin Said has received a cable of thanks from President Joko Widodo of Indonesia in reply to His Majesty’s congratulatory cable on the occasion of his country’s the Independence Anniversary. In his cable, President Widodo expressed his thanks for His Majesty the Sultan’s sincere congratulations and noble feelings, wishing His Majesty good health and happiness and the Omani people further progress and prosperity. -ONA

F R O M N E G AT I V E

Omran to hire 1,000 more for three new hotels

OMR500m redevelopment project’s launch today

A BOLD VISION FOR MUSCAT’S FUTURE

Moody’s raises Omani banks outlook to stable Times News Service MUSCAT: Omani banks will be in a favourable position to borrow funds from their counterparts in overseas markets with Moody’s Investors Service raising outlook of the banking system in the country to stable from negative on Tuesday. The ‘stable outlook’ reflects

Moody’s expectation that Omani banks’ credit profiles will remain broadly stable over the outlook horizon, as increased government borrowing and higher hydrocarbon output will support a level of public spending that will help stabilise the softened economy, following a prolonged period of decline in oil prices. >A6

TOP THREE INSIDE STORIES

OMAN

Muscat-Duqm service

1

Mwasalat announced that it will launch MuscatDuqm bus service on November 25. >A4

Higher committee discusses Bahrain Summit agenda

REGION

GUINNESS BOOK OF WORLD RECORDS

Morsi’s death verdict

2

An Egyptian appeals court cancelled the death sentence given to Mohamed Morsi and Mohammed Badie. >A7

Sultan Qaboos waterfront project will cut oil dependence and help in diversification

MARKET

$20b investment

3

Oman is likely to invest $20b in transport sector, especially for developing infrastructure projects. >B1

A4

Staff Reporters MUSCAT: Oman’s master developer will hire another 1,000 people to run three new hotels and over the next five years 10,000 Omanis must be trained

to meet surging tourism, real estate & hospitality demands, according to CEO James Wilson. The government appointed body running real estate projects & tourism development in the Sultanate wants to future-proof

Oman’s economy. Today, Oman’s ministers of commerce & Industry, transport and tourism will officially launch an OMR500 million redevelopment project that will reshape the very future of the country. Omran The launch will be held in the presence of Minister of Commerce and Industry Dr Ali bin Masoud Al Sunaidy, who is also chairman of Omran, the leading executive government arm for tourism development in Oman. >A6

Candle light flag event seeks to break record Staff Reporter MUSCAT: Candles will light up the Qurum amphitheatre and form the shape and colours of the Oman flag on Monday in an initiative by the fellowship fund for the employees of the Ministry of Health to enter the Guinness book of world records. The organisers said officials

from the UK will attend the event and might hand them the certificate of the Guinness book of records in ‘most people holding candles simultaneously’. >A5


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