Oman

State-owned Bank of Baroda (BoB) on Thursday said it proposes to sell its Oman operation to Bank Dhofar as part of rationalisation of foreign operation. The bank has accorded approval for accepting the offer for acquisition of the banking business of Bank's Oman territory operations by Bank Dhofar on a going concern basis, BoB said in a regulatory filing. This is subject to approval from concerned regulatory authorities, it said. The total business of BoB operation in the country was 113.35 million Omani Rial while the net worth stood at 25.54 million Omani Rial. It is to be noted that the bank has been rationalising its foreign operations based on a comprehensive evaluation framework. As part of this exercise, the wholesale branch in China was closed during 2020-21, and the entire stake in the wholly-owned overseas subsidiary at Trinidad and Tobago viz. Bank of Baroda (Trinidad and Tobago) Ltd was divested by way of sale to Ansa Merchant Bank Ltd. As of March 31, 2024, the BoB's

Discussions for the proposed free trade agreement (FTA) between India and Oman are at an advanced stage and both sides hope to conclude the pact early, Indian Ambassador to Oman Amit Narang said on Tuesday. The pact will give a significant push to bilateral trade and investment ties between the two countries, he said. The pact, officially known as the Comprehensive Economic Partnership Agreement (CEPA), is expected to boost Indian exports to the west Asian country by eliminating duties, especially on petroleum products, textiles, electronics, pharmaceuticals, machinery, and iron and steel. "Discussions for a bilateral CEPA with Oman are at an advanced stage. We hope to conclude these discussions early and once this is done, this will be a significant push to bilateral, not just trade, but also bilateral investment ties," Narang said. Addressing an event organised by Ficci here, the Indian Ambassador to Oman also highlighted the significant potential for enhancing direct shipping li

Differences over access to petrochemical products major bone of contention

Tragically, the body of one Indian crew member has been recovered. The Indian government is closely monitoring the situation and ensuring all possible assistance for the affected families

Nine crew members from MT Falcon Prestige - eight Indians and one Sri Lankan - have been rescued during the search operations, the sources said

The oil tanker, identified as Prestige Falcon, was heading towards Yemen's Aden port and capsized off near Duqm, Oman's prominent industrial hub

At least six people have been killed and 28 others wounded in a shooting at a mosque in Oman in a rare act of violence in the Gulf nation, as per reports

Oman is seeking duty concessions on petrochemical products such as polypropylene and polyethylene, used primarily in the plastics industry

This free trade agreement with Oman will mark the first significant bilateral deal of Modi's third term as Prime Minister of India

Co-hosts West Indies will look to shake off their batting rustiness and come in their element when they face Uganda in a Group C T20 World Cup clash here. The pre-tournament favourites and two-time former champions suffered a scare chasing a modest 137 before they scraped to five-wicket win over minnows Papua New Guinea in their opening match. On a difficult pitch that required patience and application, West Indies batters kept playing recklessly and found themselves half the side down for 97 with just four overs remaining. It was then left to Roston Chase (42 not out) and Andre Russell (15 not out) to safely take them home and avoid an embarrassment. Against a team who are coming on the back of morale boosting win over Papua New Guinea, West Indies will have to exercise some caution especially with the bat. Nicholas Pooran has been their most standout batter in the recent past and the wicketkeeper-batter will have responsibility to stay at the crease till the end. On conditions

In the ICC T20 World Cup 2024, Group B Australia are at the top of the table after they beat defending champions England, However, England is not in the second position but it is an associate nation

Marcus Stoinis smacked a quick-fire unbeaten half-century and claimed three wickets as Australia began their T20 World Cup campaign with a comprehensive 39-run victory against Oman at the Kensington Oval on Thursday. Stoinis helped Australia recover from a top-order slide with a brutal unbeaten 67-run knock off 36 balls to help them post 164/5 in the company of David Warner (56). He then produced figures of 3-0-19-3 as the 2021 champions grabbed two points. Oman tried to take the fight to the opposition but their lack of experience showed as they could manage only 125/9 in 20 overs. Oman were pegged back when Nathan Ellis (2/28) and Mitchell Starc (2/20) struck once each inside the first three overs. Starc produced a vicious inswinger on the third ball of Oman's innings which hit Pratik Athavale (0) on the pads, but Australia were forced to take a DRS review after their appeal was declined on the field. Oman then reviewed unsuccessfully when Ellis pinned Kashyap Prajapati (7) in f

In the T20 World Cup 2024, four matches will be played on June 6 according to the Indian Standard Time, with the first match starting at 5 AM and the last match at midnight 12:30 AM (June 7)

Namibia defeated Oman in Super Over to begin their campaign in the T20 World Cup on a winning note here on Monday. Batting first, Oman were bowled out for 109 in 19.4 overs at the Kensington Oval. In reply, Namibia were also stopped at the same team score with Jan Frylinck making 45 in 48 balls and Mehran Khan taking 3/7 to take the game into the Super Over. Namibia's Gerhard Erasmus and David Wiese smashed 21 runs in the one-over eliminator and Oman could manage only 10. Earlier, Namibia's South Africa-born left-arm fast bowler Ruben Trumpelmann (4/21) created history as he became the first player in history of T20I cricket to take two wickets off the first two balls of a match. The 26-year-old achieved the feat when he dismissed opener Kashyap Prajapati and Oman skipper Aqib Ilyas for golden ducks on the first two balls of the match after Namibia asked their opponents to bat first. Khalid Kail top-scored for Oman with 34 in 39 balls. Brief scores: Oman: 109 all out in 19.4 ove

UAE got 254 mm of rainfall over 24 hours last week, more than it typically receives in an entire year

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 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

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 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

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