Business

  • Rail project to spawn services industry

    Thursday, 23 May, 2013
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    By Conrad Prabhu — MUSCAT — The Oman National Railway Project is expected to catalyse the growth of manufacturing industries and support services, all of which will also contribute significantly to employment generation, say authorities overseeing the development of the multibillion rial scheme. Wit

  • NFC sea taxi to support tourism, economy

    Thursday, 23 May, 2013
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    By Kabeer Yousuf — MUSCAT — The proposed sea taxi connecting Muscat Governorate with Barka and all the adjoining wilayats en-route will have a substantial impact on the tourism sector while giving a major fillip to national economy. The National Ferries Company (NFC) has expressed its interest to la

  • Omantel toastmasters club wins five awards

    Thursday, 23 May, 2013
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    MUSCAT — Omantel, represented by its toastmasters club which seeks to enhance leadership and speaking speeches as well as self-confidence, bagged five awards at the special gala which was held on the sidelines of the District 20 Conference 2013 held in Dubai recently. The Omantel club won the member

  • Nawras offers top smartphones in Ajel Nojoomi promotion

    Thursday, 23 May, 2013
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    By A Staff Reporter — MUSCAT — Nawras adds significantly more value to Ajel Najoomi plans as postpaid customers can now get the latest smartphones bundled with generous broadband data, national calling minutes and SMS. In a new promotion providing amazing value, customers signing up for any Ajel Noj

  • Assarain launches innovative products

    Thursday, 23 May, 2013

    MUSCAT — Assarain Concrete Products and Trading (ACP), Muscat and Modern Concrete Products LLC (MCP) of Sohar jointly introduced many brilliant, cost effective and latest construction and landscaping solutions for the construction industry at a gala launch at the Grand Hyatt, Muscat. The ACPs mega-l

  • EU tackles tax evasion in wake of Apple scandal

    Thursday, 23 May, 2013
    BELGIUM-EU-SUMMIT-ECONOMY-FINANCE

    BRUSSELS — Tax cheats big and small were under the microscope in Brussels yesterday, as European Union leaders gathered at a summit to discuss tax evasion amid a fresh scandal involving computing giant Apple. "All of the questions of tax fraud and tax evasion will be taken up, meaning both those inv

  • IMF chief to be quizzed in French arbitration case

    Thursday, 23 May, 2013
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    PARIS — IMF chief Christine Lagarde will be questioned by a French magistrate today over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy. Lagarde risks being placed under formal investigation at the hearing for her 2007 decisi

  • World Bank’s $1 bn aid to central Africa

    Thursday, 23 May, 2013

    JOHANNESBURG — The World Bank yesterday said it would make $1 billion in funding available for development projects in central Africa's Great Lakes region, as fresh fighting this week in Congo sparked concern of a return to conflict. The proposed new funding would be targeted at building and maintai

  • Asian stocks supported by Fed reassurance; BOJ stands pat

    Thursday, 23 May, 2013

    SINGAPORE — Some Asian stock markets rose yesterday following a positive lead from Wall Street, with Japan's Nikkei reaching a 5-1/2 year high and staying firm as the Bank of Japan stood pat after unleashing massive stimulus last month. European stocks are expected to inch lower with markets taking

  • Sony examines hedge fund spin-off plan

    Thursday, 23 May, 2013

    TOKYO — Sony chief Kazuo Hirai said yesterday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business. Hirai told a press conference board members have started discussing the idea raised by key shareholder Daniel Loeb,

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