HIGHLIGHTS (MARKET ALERT)
With hydrocarbons accounting for around 60% of export earnings, there has been a significant deterioration in Oman's external performance since the collapse in oil prices in mid-2014.
Economic growth is however expected on the back of increasing natural gas output from the first phase of the Khazzan gasfield, which started operations in late September 2017. In addition, rising oil prices this year, will push up private and government consumption.
Dr Abdulmunim bin Mansour al Hasani, Minister of Information, on Wednesday met editors-in-chief of local newspapers and DGs of the private radio and TV stations. During the meeting, the minister praised the print, audio, visual and electronic media for facing challenges during the coverages of Cyclone Mekunu that hit the governorates of Dhofar and Al Wusta. He appreciated the role of journalists, especially those who have been in the field, and praised the role played by the media in providing accurate information.
The State Council Bureau held its eleventh meeting for the third annual session on Tuesday. The meeting was chaired by Dr Yahya bin Mahfoudh al Mantheri, Chairman of the State Council, in the presence of the Bureau members and the Secretary-General of the Council. The Bureau on Tuesday also discussed the proposal on ‘Challenges of handicrafts and ways to address them’ and commended national cohesion during cyclone Mekunu in Dhofar Governorate.
HIGHLIGHTS (MARKET CRISIS)
Austerity measures taken by the government in the past few years in order to contain sizable budget deficits have started fuelling some unrest among public-sector employees. The government's main policy aims centres on fiscal reform and economic diversification in order to reduce the current heavy reliance on hydrocarbons.
The national development plan, Vision 2020, entails a massive infrastructure spending programme on projects including a new airport, industrial and economic zones and new hospitals.
The Sultanate of Oman is located in the southeast of the Arabian Peninsula, with a population of 4 million and an economy predominantly dependent on oil. The country is one of the most water scarce in the world and climate change is likely to worsen drought and desertification, threaten water security and disrupt agricultural production. Rising temperatures increase the risk of heat-related morbidity and mortality. Furthermore, the incidence and severity of natural disasters, such as the cyclones experienced in recent years, are expected to rise.
Muscat, Nov 2 (ONA) --- The Internal Committee for the Management of Adverse Climate Conditions headed by Dr. Mohammed bin Nasser al-Za’abi, Chief Executive Officer (CEO) of the Public Authority for Civil Aviation (PACA) studied the latest developments and analysis of weather charts. Therefore, the Committee announced that there is no possibilities of any direct impact over the Sultanate from the tropical cyclone (Chapala) that passed over the Arabian Sea.
• ASHOBAA is moving west, towards the coast of the South Ash Sharqiyah governorate (pop. 260 000) of Oman. On 10 June, at 6.00 UTC, its centre was located approx. 250 km east of Sharkh and it had max. sustained winds of 101 km/h.
• It is forecast to approach the coast of South Ash Sharqiyah governorate in the afternoon of 11 June, with max. sustained winds of 90-100 km/h; then it will move inland, weakening.
The effect of the low pressure system continued yesterday causing moderate to heavy rains and overflowing of wadis. The Public Authority for Civil Aviation (PACA), confirming overnight thundery downpours forecast for last night in the governorates of Al Dhahira, Al Buraimi, Musandam, North Al Batinah, South Al Batinah, Muscat, Al Dakhiliyah, North Al Sharqiyah, South Al Sharqiyah, called on all to stay away from wadi basins and watch for the possible risk of thunder storms.
Ahmed bin Abdullah al Shuhi, Minister of Regional Municipalities and Water Resources, yesterday visited the Wilayat of Shinas in North Al Batinah Governorate. The minister was accompanied by Hamad bin Sulaiman al Ghuraibi, Under-Secretary of Regional Municipalities and their visits included the villages of Humairaa and Sur Al Bulush to review the damage caused by the heavy rains in the past days.
The Sultanate has contributed $2 million to the Unesco’s Emergency Fund. Dr Samirah bint Mohammed al Moosa, the Sultanate’s Permanent Delegate to the Unesco, handed over a cheque of $2 million to Irina Bokova, Director-General of the Unesco. The amount is a contribution from the Sultanate’s Government to the Unesco’s Emergency Multi-Donor Fund.
This came during a signing ceremony attended by Dr Nassif Hitti, Permanent Observer of the Arab League to the Unesco and Zohour Alaoui, Permanent Delegate of Morocco to the Unesco, President of the Arab Group.
A major flood protection project will be constructed in Sur to prevent a repeat of the death and devastation caused by flood events of recent years, including the tropical storms of 2007 and 2010. Under plans drawn up by the Ministry of Regional Municipalities and Water Resources, the flood protection scheme will comprise of a number of components at the heart of which is a new dam that will be constructed across Wadi Rafsah.
Oman’s Tsunami Early Warning System, decreed by His Majesty following the 2004 Indian Ocean tsunami, is under development, and is likely to be operational only next year, says Dr Issa el Hussein, Director of the Earthquake Monitoring Centre of Sultan Qaboos University. Development of the system is being overseen by the Directorate-General of Meteorology and Air Navigation.
(Muscat/New York, 23 January 2012): Valerie Amos, United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, today made her first official visit to the Sultanate of Oman to further strengthen the Sultanate’s humanitarian partnership with OCHA.
“The relationship between Oman and OCHA has developed substantially in recent years, and OCHA attaches great importance to the increasing role of the Sultanate in regional and international humanitarian affairs,” Ms. Amos said.
03 Nov 2011 16:52 Source: Reuters // Reuters
(Updates toll, adds color)
MUSCAT, Nov 3 (Reuters) - The death toll from a tropical storm that swept across Oman has risen to 14 with several bodies turning up in surging floodwaters, officials said on Thursday.
At least 200 people were injured in the cloudburst that lashed the largely desert sultanate on the eastern flanks of the Arabian Peninsula, a location that puts it in the path of seasonal monsoons or cyclones.
MUSCAT, June 6 (KUNA) -- Life is going back to normal in Oman after Tropical Cyclone Phet, as the country works hard to repair damage to the state's infrastructure like electricity, roads, and communications networks.
The National Civil Defense Committee announced last night that the death toll reached 16 dead and missing.
Meanwhile governmental and private sector employees headed to work Sunday morning after a one-day break during the cyclone's passing through the country.
Despite the difficult weather and climate conditions, the Sultanate of Oman suffered minimum damage, …