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Oman News

Oman Recent Events and Developments

Oman Recent Events and Developments
2002 was a watershed year for Omanis as Sultan Qaboos bin Said extended voting rights to all Omanis above 21. Previously voting rights were the exclusive luxury of the elites. In 2003 another political reform took place when first elections to the Consultative Council took place although it did little to change the council?s political set-up. Women found representation in the Omani executive for the first time when a woman minister was appointed in 2004. Oman which was till now unscathed with the spectre of Islamic fundamentalism saw its first glimpse when 100 suspected Islamists were arrested for attempted coup but were later pardoned. Omani trade received a boost in 2006 in the form of Oman-US FTA. In 2007 more than 50 people lost their lives when the Gonu, the worst tropical storm in decades, hit the country. Oman?s ecology and tourism received a jolt when the country?s Arabian Oryx Sanctuary was removed from UNESCO?s World Heritage site list, the first ever site to be de-listed, after the Oryx population dwindled significantly and the government cut down the sanctuary size by 90%.

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Oman Latest News

India to deploy warship in Gulf of Aden to ward off pirate attacks - 16 Oct 2008
route followed by Indian flagships during passage between Salalah in Oman and Aden

Indian Navy warship deployed in Gulf of Aden - 16 Oct 2008
New Delhi, Oct 16 (IANS) An Indian Navy warship has been deployed in the Gulf of Aden for the first time to conduct anti-piracy patrols along the route Indian merchant vessels normally take during their passage between Salalah in Oman

SBI plans to hike overseas revenues - 15 Oct 2008
branch in Bahrain and another full-fledged branch in Oman, has major plans

Gulf markets crash after two days of resurgence - 15 Oct 2008
;The Bahrain Stock Exchange also fell 1.05 percent while Oman's Muscat Securities Market

Somali forces storm hijacked ship, free crew - 15 Oct 2008
cement from Oman to the Somali port Bosasso, was seized last Thursday along

Gulf markets continue gains, but Kuwait bucks trend again - 14 Oct 2008
;Oman's Muscat Securities Market (MSM) too gained 8.37 percent from Monday's close to end at 7,717.43.  Major gainers on the MSM floor were Shell Oman (up 9.98 percent) and Oman Holding International (up 10 percent).  

JP Morgan acquires stake in Dubai Mercantile Exchange - 14 Oct 2008
East sour crude futures contract, the DME Oman Crude Oil Futures Contract.  According to the statement, the DME Oman Contract has seen growing levels... launched the DME Brent crude oil financial contract and the DME Oman crude oil

Gulf economies remain sound, says GCC - 13 Oct 2008
Agency reported.  Bahrain, Kuwait, Oman, Qatar, Saudi Arabia

Bihar flood aid from Oman entrusted to Prakash Jha's NGO - 13 Oct 2008
Dubai, Oct 13 (IANS) Around Rs.2.1 million funds raised in Oman through...;India's Ambassador to Oman Anil Wadhwa handed over the cheque of Rs.2.1 million... included 11,000 Omani riyals (Rs.1.37 million) donated by well-known Oman-based

Geojit Financial looks at joint venture in Oman - 13 Oct 2008
in the Sultanate Of Oman, a top official said here. The decision was taken... Corp Co SAOG, a listed company in Oman. We will commence operations with them

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