Page 3 - Oman

TotalEnergies signs deal with Oman to build LNG hub, eyes marine fuel mkt

TotalEnergies, which owns 5.54% of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements

Heavy rains: UAE grapples with flood damage, death toll in Oman rises to 18

Heavy rains lashed the United Arab Emirates on Tuesday, flooding out portions of major highways and leaving vehicles abandoned on roadways across Dubai. Meanwhile, the death toll in separate heavy flooding in neighboring Oman rose to 18 with others still missing as the sultanate prepared for the storm. The rains began overnight, leaving massive ponds on streets as whipping winds disrupted flights at Dubai International Airport, the world's busiest for international travel and the home of the long-haul carrier Emirates. Police and emergency personnel drove slowly through the flooded streets, their emergency lights flashing across the darkened morning. Lightning flashed across the sky, occasionally touching the tip of the Burj Khalifa, the world's tallest building. Schools across the UAE, a federation of seven sheikhdoms, largely shut ahead of the storm and government employees were largely working remotely if able. Many workers stayed home as well, though some ventured out, with the

Agilus Diagnostics signs agreement with SEAS to start services in Oman

The participation aims to add to the diagnostic service provider's international portfolio. Its international network consists of several centres and pick-up points (PUPs) across multiple locations

India, Oman hold strategic dialogue; discuss trade pact, Red Sea situation

India and Oman have discussed various aspects of their strategic ties and reviewed the regional developments including the security situation in Gaza and the Red Sea at a high-level dialogue in Muscat. In the ninth India-Oman strategic dialogue, the two sides noted that discussions on signing of a comprehensive economic partnership agreement were progressing and that its early finalisation would benefit both nations. Deputy National Security Adviser Vikram Misri represented India at the dialogue on Monday, people familiar with the matter said. The strategic dialogue was held in a frank and constructive manner and both sides held discussions on various issues of regional and bilateral concern, they said. The two sides discussed the regional security situation resulting from the Gaza conflict, including in the Red Sea, the people said. There have been mounting global concerns over Houthi militants attacking various cargo vessels in the Red Sea and other strategic waterways in the re

India closes in on trade deal with Oman as Mideast ties strengthen

The two sides started talks on the trade pact just three months ago, and their haste in completing the deal shows Prime Minister Modi's determination in building stronger links with the Middle East

India-Oman FTA may be reality soon; legal vetting of deal's text underway

India is keen to finalise the trade pact before the model code of conduct (MCC) kicks-in ahead of its general elections, making the timing of the finalisation of the proposed deal crucial

Cabinet apprised of pact between India, Oman for co-operation in IT

The Union Cabinet was apprised of a pact inked between India and Oman for cooperation in the field of IT, an official release said on Wednesday. The memorandum of understanding (MoU) intends to promote cooperation between the two sides through mutual support, sharing of technologies, information and investments in the field of information technology. "The Union Cabinet chaired by Prime Minister Narendra Modi was apprised of a Memorandum of Understanding (MoU), signed on December 15, 2023, between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Transport, Communications and Information Technology of the Sultanate of Oman on cooperation in the field of Information Technology," the release said. The MoU will remain in force for a period of three years. "Both G2G (government to government) and B2B (business to business) bilateral cooperation in the field of Information Technology will be enhanced. The MoU envisages improved collaborat

L&T Construction wins contracts for housing, hotel projects in India, Oman

L&T will construct Economically Weaker Section housing, 14 towers and related infrastructure works in Navi Mumbai over a period of 42 months. It bagged the project from the Maharashtra government

Likely pact with Oman comes as a welcome surprise in India's FTA drive

CEPA is also commonly referred to as a free trade agreement, or FTA. The next round of talks for it with Oman are scheduled to start on January 16

India-Oman free trade agreement to help boost apparel exports: AEPC

A free trade agreement with Oman will help boost apparel exports as huge business opportunities are there in the Gulf nation for Indian exporters, AEPC said on Thursday. Negotiations for the pact, officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA), are moving at a fast pace. The Apparel Export Promotion Council (AEPC) said that the swift movement towards CEPA is encouraging and will be a game changer for India- Oman bilateral trade. The bilateral trade between the two countries stood at USD 12.39 billion in 2022-23, up from USD 9.99 billion in the previous year. "The RMG (readymade garments) exports to Oman grew from USD 13 million in 2020 to USD 28 million in 2021. The customs duty in Oman is 5 per cent on RMG products. Though it is a small market but has immense potential to grow once tariff is eliminated post-FTA and will be another doorway to GCC countries," AEPC Secretary General Mithileshwar Thakur said. The Gulf Cooperation Council (GCC) is a union

Indian Navy rescues injured crew member from hijacked Malta commercial ship

The injured crew member has a bullet injury near his shoulder and has been taken to Oman for specialised treatment under the care of Indian Navy doctors

Indian Navy evacuates injured sailor from ship hijacked off Somalia coast

The Indian Navy has evacuated one of the 18 crew members onboard a Malta-flagged hijacked cargo vessel off the coast of Somalia to provide medical care after he was injured by the pirates, officials said on Tuesday. It is learnt that the sailor, a Bulgarian national, was injured in firing by the pirates. The sailor was evacuated by frontline ship INS Kochi. "The Indian Navy rendered assistance in evacuation of an injured crew member from the hijacked vessel MV Ruen in the early hours of Monday," said an official. "The injured crew member had sustained injuries during the piracy incident but was reported to be stable. Towards ensuring his safety, the Indian Navy ship was successful in ensuring his release by the hijackers," he added. The official said the injured sailor has been taken to Oman. "The injured crew member was medically managed onboard the ship but due to urgent medical attention required, which was beyond the scope of the ship, he has been transferred ashore at Oman,"

President Murmu hosts Oman Sultan Haitham bin Tarik at Rashtrapati Bhavan

PM Modi and President Droupadi Murmu received the Sultan at the Rashtrapati Bhawan. Sultan Haitham bin Tarik then inspected a Guard of Honour by the combined defence services

India, Oman adopt vision document to expand bilateral cooperation

Earlier in the day, Prime Minister Narendra Modi held delegation-level talks with the Sultan of Oman, Haitham bin Tarik, at Hyderabad House in New Delhi

PM Modi holds talks with Oman's Sultan Tarik with focus on bilateral ties

Prime Minister Narendra Modi on Saturday held talks with Oman's Sultan Haitham bin Tarik with a focus on expanding bilateral cooperation in diverse areas, including trade and investment. The Sultan of Oman arrived in Delhi on a state visit on Friday, in his first trip to India as the top leader of the Gulf nation. "Giving a boost to India-Oman Strategic Partnership! PM @narendramodi warmly received His Majesty Sultan Haitham bin Tarik of Oman at Hyderabad House, setting the stage for bilateral discussions," External Affairs Ministry Spokesperson Arindam Bagchi said in a post on X ahead of the talks. "Agenda includes taking stock of bilateral ties and charting pathways for the future collaboration between the two countries," he said. In the morning, Sultan bin Tarik was accorded a ceremonial welcome at the fore-court of the Rashtrapati Bhavan. "This first state visit of His Majesty Sultan Haitham bin Tarik to India marks a significant milestone in the diplomatic relations between I

Indian officials in Muscat to negotiate free trade pact with Oman

It is learnt that the department of commerce has set an internal deadline of finalising the deal by month-end

Indian goods worth $3.7 billion entering Oman to get boost by FTA: GTRI

Over 83.5 per cent of Indian goods worth USD 3.7 billion such as gasoline, iron and steel, electronics, and machinery will get a significant boost in Oman, once both sides reach a comprehensive free trade agreement, a report said on Tuesday. According to the - India-OMAN CEPA: Gateway to Middle Eastern Markets and Beyond - report, prepared by think tank Global trade Reproach Initiative (GTRI), these goods at present face a 5 per cent import duty in Oman. India and Oman are negotiating a comprehensive economic partnership agreement (CEPA), under which the two countries could significantly reduce or eliminate customs duties on the maximum number of goods agreed between them. With the new trade agreement, these products, including major export items like motor gasoline (exports worth USD 1.7 billion), iron and steel products (exports worth USD 235 million), electronics (USD 135 million), machinery (USD 125 million), aluminium oxide (USD 126 million), textiles (USD 110 million), alumina

Here's why Oman emerging as new choice for Indian destination weddings

There has been an almost two-fold rise in the number of Indian weddings that took place across various star-category properties located across Oman this year, compared to the corresponding period last year, officials said. A representative of the Ministry of Heritage and Tourism, Sultanate of Oman said Omani officials began communicating with Indian wedding planners many years ago to promote the Sultanate as a potential location for Indian couples looking to experience the warmth and beauty of the country as a wedding destination. Oman is closer and has better airline connectivity to India than other preferred destinations by Indian couples. It is also the perfect location for visitors coming from Europe and other parts of the world to attend Indian weddings, says Arjun Chadha, Country Manager India, Buzz Travel Tourism. Salalah, with its natural topography, global hospitality brands and seamless infrastructure, is among the most sought-after destinations perfectly suited for unique

India is leading digital transformation race: G20 Oman Sherpa Pankaj Khimji

"Energy transition and climate change are really big issues and India is handling it very sensibly, by balancing both the developing and developed nations," said Sherpa

India's ACME Group gets $490 million in funding for Oman project

The facility is expected to produce 100,000 tons of green ammonia annually in its starting phase