Toyota says aluminum plates from Kobe Steel meet standards

Toyota on Thursday said that aluminum plates supplied by Kobe Steel with falsified quality data which were used in parts for some of the Japanese automaker’s vehicles had met safety and durability standards. (Reuters)
Updated 19 October 2017
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Toyota says aluminum plates from Kobe Steel meet standards

TOKYO: Toyota on Thursday said that it had confirmed that aluminum plates supplied by Kobe Steel with falsified quality data which were used in parts for some of the Japanese automaker’s vehicles had met safety and durability standards.
In a statement, Toyota said that it was working to identify whether non-aluminum products supplied by Kobe Steel, which are used in the automakers’ Toyota- and Lexus-branded vehicles, will also meet the standards.
Kobe Steel earlier this month admitted that it had falsified data on product quality and specifications for goods supplied to around 500 customers, rocking supply chains around the world in a fresh blow to Japan’s reputation as a high-quality manufacturer.


GCC citizens eye properties in Oman as number of buyers rises

Many Gulf nationals often buy properties in prominent tourist spots. (File/AFP)
Updated 21 October 2018
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GCC citizens eye properties in Oman as number of buyers rises

  • An increase of 17.63 percent has been recorded

DUBAI: The number of GCC citizens buying properties in Oman has risen by 17.63 percent according to the country's National Center for Statistics and Information, local daily Times of Oman reported on Sunday.

The statistics show that 1,038 properties were purchased by GCC nationals in August 2018, compared to the 855 purchased last year.

“The increase in the number of GCC nationals’ ownership of plots in Oman is because they benefit from the returns on investment in the real estate sector and its value, compared to some other Gulf states. Some of them also buy plots because they have relatives in Oman and want to live near them. Some have inherited land plots because they are of Omani origin, in addition to the desire of many investors to own property in some provinces because of the weather and moderate climate,” an official from Oman’s housing ministry said.

GCC nationals often buy properties in prominent tourist spots in Oman, according to Ahmed Al-Hooti, a member of the Oman Chamber of Commerce and Industry.

“Many nationals from Saudi, Qatar, UAE and Bahrain come here and buy properties in popular tourist spots such as Salalah, Masirah Island, and eastern beaches such as Ras Al Hadd for activities such as fishing,” Al-Hooti said.