Times of Oman - June 29, 2016

Page 1

WEDNESDAY June 29, 2016 23 Ramadan 1437 AH

RAMADAN PRAYER TIMINGS

FROM THE WORDS OF HIS MAJESTY THE SULTAN

IFTAR

Dhuhr

12.15pm

7.03PM

Asr

3.34pm

Maghrib

7.03pm

Isha

8.25pm

Fajr (Tomorrow)

3.56am

FAJR 3.56AM

On the Occasion of 7th National Day, 1977

‘His Majesty’s Wisdom’

In these days, when the lives and freedom of humanity everywhere are threatened by the ambitions of these ruthless and powerful forces, we must remain constantly on our guard, never for one moment relaxing our vigilance, and ever ready to defend our country.

Founded F Fo oun u de ded 1975 1 75 19 75 . V Volume olume 41 No. 110 | 40 Pages . Baisas 200 . Subscription OM OMR63 | ISO 9001:2008 Certified Company | Chairman/Editor-in-Chief: Mohamed Issa Al Zadjali | Printed & Published by Muscat Media Group

Brexit won’t hit exports –but a weaker £ might Financial experts Fi be believe the upheaval

Brexit won’t impact ties with Oman: British ambassador

in the EU will have MUSCAT: British Ambassador to Oman, Jon Wilks, said that the United Kingdom and Oman relations are excellent and would remain on course to become even more important to both the countries in the future. “What will not change is the British traditions of rule of law, democracy, free trade, openness, diversity & engagement with Europe and the world,” he said, while talking about Brexit during the bi-monthly British ambassador’s business group meeting. The British Embassy quot-

little impact on Oman lit bu but if China moves to fill the void, the co country’s exports could be affected co BABA UMAR /RAHUL DAS BA

ba babaumar@timesofoman.com ra rahuldas@timesofoman.com M MUSCAT: Oman’s exports will no not be affected by Brexit, but a we weaker pound could create a challen lenging scenario for the Sultanate. The country’s direct exposure to the Brexit fallout is “insignifica cant”, according to the head of th the government funded agency re responsible for insuring exports. Khalid Al Jashmi, acting general manager of Export Credit er Guarantee Agency of Oman, Gu (ECGAO) does, however, fear a (E weaker pound could cause probwe lems with the Sultanate’s existing lem

trading partners. Less than a week after Britain’s decision to quit the European Union, financial analysts across the globe have been crunching numbers to assess potential risks and benefits. Even media baron Rupert

ing the ambassador’s tweets said that there would be no change in the UK’s status in the EU for at least two years. “Over that time the new direction of the UK will become clear,” he said. He also said that the British people have given their opinions and the government is committed to delivering what they have voted for, an exit from the EU. “But UK will remain a strong voice in the UN and NATO and will be working with partners and allies including the EU to promote common interests,” he said. >A7

Murdoch has pitched in, believing that a weaker UK currency could put the UK in the driving seat economically. It’s a view shared by Al Jashmi, who warns that Oman’s biggest trading partners might be tempted to exploit the weaker

currency and trade with the UK instead of Oman. The challenging scenario comes as officials revealed that slowdown of 25 per cent has been witnessed by the policy holders of the ECGAO in the first quarter of this year compared to the same period last year. One said: “The problem of falling exports started before the end of 2015. Finance is the main reason for the exports falling.” Consequences If the country’s biggest trading partner, currently China, opts to head west, the consequences for Omani exports could be severe. The total volume of exports to the UK is a mere 0.16 per cent of Omani export business, according to Foreign Trade Statistics Report 2015, as opposed to 49 per cent in export trade with China. The UK stands at 34th position in terms of oil and non-oil exports from Oman. Trading partners “It’s insignificant. Our major trading partners are China, UAE, South Korea and Taiwan. The Brexit poll results and the subsequent economic upheaval will have no direct bearing on the Sultanate,” Khalid Al Jashmi told Times of Oman in an exclusive interview. >A7

E X A M I N AT I O N R E S U LT S

Shura against inflating marks for better ratings of schools HASAN SHABAN AL LAWATI

hassan@timesofoman.com MUSCAT: Majlis Al Shura members have criticised teachers who inflate results of failed students to help them pass exams in order to maintain the rating of schools. Khalid Al Farei, head of the Educational Committee at the Majlis Al Shura labelled the act as “odious.” He blasted school administration that encourage this act during the Shura session on Tuesday. “We have noticed that the directorate has formed an investigative committee after receiving

a notice from a group of teachers about their school administration increasing the marks of failed students after the exam papers were corrected and also tampered with the results to increase the number of passing students. These acts were done for keeping results from impacting the school’s rating,” the statement read. Schools in Oman are being ranked annually according to the number of students who successfully pass their exams and move to the next grade or graduate. He said this act teaches youngsters bad habits as they follow the bad example of their seniors, who

try to betray honesty and responsibility. “This makes youngsters’ minds dependent and irresponsible,” he explained. Al Farei hailed teachers who refused to take part in such acts and protested. He also praised the officials who had listened to them and formed an investigative committee. In his statement, Al Farei listed the negative effects of manipulating students’ results. “This is a prejudice against the principle of equality, justice and equivalence in opportunities, which are approved by the state statute,” he said. >A7

NCSI FIGURES

PwC Oman distributes 200 food packets among needy

A3

TOP THREE INSIDE STORIES

Road accidents killed 54 in May MORNING MINUTE

OMAN

OMAN

MARKET

Missing Indian expat worker found dead

Thai AirAsia X maiden flight lands in Muscat

Private wealth set to touch $.4t in 2020

1

2

By 2020, private wealth in Oman will rise from $0.3 trillion to $0.4 trillion, according to a new report by The Boston Consulting Group (BCG), called, “Global Wealth 2016: Navigating the New Client Landscape.” During the next five years, growth of private wealth in Oman will be driven primarily by equities. >B1

An Indian worker lay dead inside a toilet cubicle for two days before police found him. Lachaiah Tangallapelly went missing on Friday. His roommates assumed that he might have gone somewhere else. As he didn’t turn up for duty, the police was informed and they found the body lying in a toilet inside the camp. >A3

The inaugural flight of Thai AirAsia X arrived at the Muscat International Airport yesterday from Bangkok, marking the official launch of a new route for the Thailand-based budget airline. Thai AirAsia X will operate three direct flights per week using an Airbus A 300. The new route will boost tourism between the two countries. >A5

3

METEOROLOGIST

TRAGEDY: A file picture of a recent accident in Oman.

FAHAD AL GHADANI

fahadnews@timesofoman.com MUSCAT: Fifty-four people died in road accidents in May this year, including 33 nationals and 21 expatriates, according to the National Centre for Statistics and Information’s (NCSI’s) monthly report. However, the report showed a 35.4 per cent drop in the number of road accidents in the first five months of this year, compared with the same period last year. A total of 2,703 accidents had occurred until May last year, out of the 6,279 recorded for the whole of 2015. This year, 1,745 road accidents were recorded

during the first five months of this year, including 333 accidents that took place in March, 365 in April and 332 in May. The report also pointed out that among the 54 nationals who died in May this year, two were Omani women. Meanwhile, 163 nationals and 57 expatriates were injured in 332 road accidents that took place in May, data indicated. Among the 220 injured, 39 were Omani females and five were expat women. Compared with the first five months of 2015, a drop of 24.8 per cent was recorded in the number of injuries during the same period. >A6

Cyclone inches closer to Oman’s coast REJIMON K

reji@timesofoman.com MUSCAT: Tropical cyclone 02A is edging closer to the Oman coast, global meteorologist said, while local meteorologists have predicted thunderstorms. “Tropical cyclone 02A was located near 20.9N 63.5E, approximately 266 NM East of Masirah island, and had tracked south-southwestward at 04 knots over the past six hours. Maximum sustained surface winds were estimated at 35 knots gusting to 45 knots,” Joint Typhoon Warning Centre reported. Meanwhile, Oman meteorology has predicted thunderstorm

in Yaaloni, Masirah, Sur, Ras Al Hadd, Duqm Airport. In its forecast, the meteorology department has predicted cloudy skies over the coastal areas of Al Wusta and South Al Sharqiya governorates with chances of rain. On Tuesday afternoon, light rain fell in Masirah Island. “It rained in the afternoon. Skies are still cloudy and windy too. It looks like it will rain again,” Biju MP, a businessman in Masirah, told Times of Oman over phone. “However, as we have not got any alerts from the authorities, nobody is worried. Last year, when a similar situation occurred, everyone were in a rush to stock essential goods. So far, I have not done.

Let us wait and see,” Biju added. Rain is expected to hit Oman coast in the coming two days as 02A, a low pressure system, has developed in Arabian Sea and moving towards the country coast. Jason Nicholls, a senior meteorologist at Accuweather said that spotty storms are possible in Oman from Tuesday till Thursday. Meanwhile, the Indian meteorological department in its forecast has said that the depression over North Arabian Sea is heading towards Oman coast. “The system would continue to move nearly westwards towards Oman coast and intensify into a deep depression during next 24 hours,” the forecast added.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.