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Abu Dhabi: Oman and Etihad Rail Company (OERC) and Jindal Shaded Iron and Steel (Jindal) signed a Memorandum of Understanding (MoU). Through the UAE-Oman Rail Network, the MoU wants to set up a sustainable end-to-end transport and logistics solution between Jindal’s steel complex at Sohar Port and the United Arab Emirates (UAE). As part of OERC’s promise to provide efficient and cost-effective logistics solutions for major global players in different industries, the MoU will let Jindal move up to 4 million tons

Employers no longer have to keep their workers’ IDs because of the new Oman Labor Law. Sultan Haitham bin Tarik of Oman recently passed a new labor law. The goal of the law is to make sure that employers and workers have a fair and balanced relationship and that labor practices are open and honest. The Labor Law 53/2023, which was passed by Royal Decree, protects workers’ rights and spells out when a company can fire an employee. Article 43

Muscat: According to the latest data from the National Center for Statistics and Information (NCSI), 3–5-star hotels in the Sultanate of Oman made 34.7 percent more money at the end of May 2023 than they did during the same time in 2022. They made OMR 98.426 million, up from OMR 73.058 million. You will be interested on: Business Setup Process in Oman By the end of May 2023, there were 800,952 guests,

Tehran:The Minister of Energy and Minerals, Eng. Salim Nasser Al Aufi, met with the Minister of Oil of the Islamic Republic of Iran, Javad Owji, on Sunday at the Iranian government building in Tehran. At the meeting, the two friendly countries talked about their relationships and how they work together in different areas, especially in the energy and resource fields. You will be interested on: Steps For Company Formation in Oman The meeting also talked about

A new study says that the total amount of domestic liquidity grew by 2.1% from the end of January 2022 to the end of January 2023, when it reached OMR 20.50 billion. According to early data from the National Centre for Statistics and Information (NCSI), the total amount of cash in Oman was 5.3% lower at the end of January 2023 than it was at the end of January 2022, when it was OMR 1.69 billion. This means that the total