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6 085010 120010 FROM THE WORDS OF HIS MAJESTY THE SULTAN
Before The Third Session of The Council of Oman, 2003
‘His Majesty’s Wisdom’ We have attached major priority to our domestic policy since the beginning of the Blessed Renaissance so that our human resources can be developed is such a way as will enable them to serve the community and work for the good of the nation.
TUESDAY, December 22, 2015 / 10 Rabi Al Awal 1437 AH timesofoman.com
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No plans to ask 50-plus expat staff to pack bags
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‘Huge potential for privatisation’ Staff Reporter
Unlike Kuwait’s move, Oman has no plans to retire expatriates working in the government sector at the age of 50
REJIMON K HASSAN SHABAN AL LAWATI
reji@timesofoman.com hassan@timesofoman.com MUSCAT: Expatriates aged 50 years or more and working in Oman’s government sector can breathe as officials confirmed the Sultanate would not take any decision similar to a recent decision taken by Kuwait. Quoting the Kuwaiti Civil Services Commission (CSC) sources, the local media in Kuwait City had reported that the government body has received instructions to terminate the jobs of all expatriate government employees, of all nationalities, aged 50 years and above, TOP THREE INSIDE STORIES
OMAN
Surprise checks on restaurants continue
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Authorities continued to crack down on restaurants and eateries selling substandard food and found to be violating trade norms, in the Bausher neighbourhood of the capital, officials said on Monday. >A2
N I N E - H OU R B ATT L E
More than OMR1m loss in Makkah Hypermarket fire FIRE CASES 2005-2014
2012
2011
2009
MARKET
Oil prices hit 11-year low on supply glut
2008
2007 2005
2006
1,877 1,776
2,176
2,540
2010
2,946 3,107
2
Brent crude oil prices hit their lowest in more than 11 years on Monday, driven down by a relentless rise in global supply that looks set to outpace demand again next year. Oil production is running close to record highs. >B1
Seeb Club lift HM’s Cup for Youth
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Seeb Club lifted His Majesty’s Cup for Youth for the ninth time on Monday when the Ministry of Sports Affairs rewarded the Sultanate’s top 10 clubs for their overall achievements in sports field and youth activities. >C5
3,632
2013
3,768
2014
4,000
3,335 3,000
2,000
1,000
0 Source: National Centre for Statistics & Information
REJIMON K
SPORTS
5,000
4,431
reji@timesofoman.com MUSCAT: More than OMR1 million is the estimated loss from a fire, which burnt down a hypermarket warehouse opposite the Indian School in Muladha, a top official from the retail chain said. “Our initial estimate shows that the loss may be above OMR1 million. It may take some time to get the exact figure,” the official from the Makkah Hypermarket said. “More than 20 fire engines,
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dozens of water tankers were deployed and at least 80 fire fighters from nearby units had to battle for nearly nine hours to douse the blaze, which had engulfed the warehouse,” the official told the Times of Oman. “As the fire went beyond control, the fire fighters had to use bulldozers to raze the building to contain it,” the official added. The fire, which started at around 2pm, was doused by 11pm on Sunday. On Monday morning, two fire engines visited the site to make checks. >A6
effective March 1, 2016. However, a senior official with Royal Oman Police (ROP) said they have not received any such notice from the Omani government or the Manpower Ministry. According to latest government data, there are 1,682,752 expatriates working in Oman. Meanwhile, a Majlis Al Shura member said he personally feels that the retirement age should be fixed for both nationals and expatriates in the government and private sectors. “If we need new and innovative ideas and more productivity, infuse fresh blood. There are many studies globally stating that at the age of 60, a worker will become less productive. So, we should fix the retirement age of workers and the government should plan strategically to face the situation where aged people are relieved from their responsibilities,” Tawfiq Al Lawati, a Shura member, said. “By saying that expatriates crossing 60 should be sent back doesn’t mean that it’s a move to ban them. We can bring in young expatriates in their place,” the Shura member added. The Majlis Al Shura member also said no exceptions should be considered while fixing the retirement age. >A6
MUSCAT: There is ‘big’ potential for privatisation of many companies that are still owned by the government, said the Executive President of the Capital Market Authority (CMA). “The government is taking this into consideration, and we hope to see government companies being privatised in the coming months,” Sheikh Abdullah bin Salim Al Salmi told reporters after KPMG’s seminar on corporate governance held at the Crowne Plaza on Monday. Oman’s budget deficit for the first eight months of 2015 rose to
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OMR2.68 billion, as a plunging crude oil export revenue started affecting the fiscal balance, according to the data released by the National Centre for Statistics and Information (NCSI). The government has been considering privatisation as an option to raise additional revenues and boost the private sector at the same time. Three companies On Thursday, Finance Minister Darwish Al Balushi told Reuters that Oman will privatise three state-owned companies next year. He declined to give further details. >A6
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