WEDNESDAY October 19, 2016 17 Muharram 1438 AH
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FROM THE WORDS OF HIS MAJESTY THE SULTAN
At the Police Stadium, 1975
‘His Majesty’s Wisdom’ Our Victory, therefore, is the first to be achieved by an Arab country over world communism in the battlefield in a war which lasted long years, and the second victory by an international state.
MORNING MINUTE
Founded 1975 . Volume 41 No. 198 | 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
4 6 T H N AT I O N A L D AY
REMITTANCES BY EXPATRIATES ‘WON’T BE TAXED’
28,745 register on Tuesday for campaign
‘I Love the Sultan’ campaign receives football body support Times News Service
To include their names in His Majesty Sultan Qaboos bin Said’s portrait for the 46th National day, 28,745 people registered yesterday. On Facebook, 56,000 people viewed it while the website recorded 3,500 page views.
MUSCAT: Times of Oman’s exciting ‘I Love the Sultan’ campaign has scored the backing of the Oman Football Association (OFA). The campaign, which will see tens of thousands of signatures of Omanis and expatriates alike to create a portrait of His Majesty Sultan Qaboos bin Said in honour of the 46th National Day, has been launched by Times of Oman and its Arabic sister title Al Shabiba. Muscat Media Group (MMG) is the OFA’s official media part-
ner and both titles have been running the promotion which gives anyone registering the chance to win some great prizes, and the OFA is keen for all the football lovers in Oman to support the promotion. Praise for MMG OFA General Secretary Sultan Al Zadjali commented, “It is great that Muscat Media Group has come up with this campaign, and as the sport of the Nation, we are very happy to show our support. Anything to show the love that the country has for His Majesty the Sultan.”>A5
BUDGET AIRLINE
SalamAir CEO reveals fares RAHUL DAS
rahuldas@timesofoman.com MUSCAT: Fares for SalamAir — Oman’s first budget airline — may start from less than OMR15 one way, a senior official at the airline said. Speaking to the Times of Oman, François Bouteiller, chief executive officer (CEO) of SalamAir said: “Tickets for SalamAir may even start lower than OMR15 one way, but it will depend on when you book and what you book and the period (off peak, etc.).” Bouteiller said that fares would depend on the class people choose
Citing an IMF pact, the CBO chief said there was no plan to tax expatriates’ remittances
MAHMOUD SAID AL OUFI TIMES NEWS SERVICE
MUSCAT: Expat remittances will not be hit by taxes, Central Bank of Oman (CBO) Chief Hamood Sangour Al Zadjali has said publicly for the first time. Despite numerous government measures taken this year to help balance the books in the wake of slipping oil prices, including scrapping the petrol price cap and reining in public sector bonuses, expat remittances will not be affected. The CBO chief made the statement while speaking exclusively to the Times of Oman’s Arabic sister paper Al Shabiba. Al Zadjali said imposing a tax on expatriates’ remittances is
2.13b rials were remitted by the expatriates from the Sultanate during the first half of this year
subject to several considerations. “From the legal aspect, the International Monetary Fund (IMF) Agreement, to which the Sultanate is committed, provides that no restrictions should be imposed on payments and transfers
classified as current international transactions, except with the approval of the IMF.” “Very few countries, and no GCC (Gulf Cooperation Council) country, impose such taxes.” A remittance tax was seriously proposed by members of the Majlis Al Shura back in November 2014; however, the idea was quickly dismissed by the State Council. Al Zadjali noted that expats’ remittances had recorded a slight increase of 1.1 per cent during the first half of this year, touching more than OMR2.13 billion. But he added that while expats remittances do represent a leak from Oman’s total domestic savings, thus affecting the country’s foreign reserves, the contributions of migrant workers need to be taken into consideration. “Migrant workers bring new skills that are not available in the host countries, which enable such countries to produce the goods and services they previously imported, he said. >A6 See also >B1
TOP THREE INSIDE STORIES
OMAN
Fifth edition of Traffic Safety Expo begins
1
Fifth edition of the Traffic Safety Expo organised by ROP has started.>A4
REGION
IS using civilians as human shields
2
Residents of Mosul said IS was using civilians as human shields. >A7
SPORTS
Oman ready for WCL Division 4: Mendis OCA launches Pink Ribbon initiative
A3 3
Coach Mendis declared Oman’s readiness for WCL Division 4 event.>C4
from. “If you intend to travel to Salalah with or without luggage (in addition to your hand bag) or if you’d like to have the flexibility to change your ticket at the last minute, etc… this will have an im-
pact on the basic fare which will apply. And, as you get closer to the day of travel (earlier bookings tend to have the best prices), the prices will increase slightly,” he told the Times of Oman. >A6