Remittances in Oman drop as expats decrease in number

The Omanization drive is part of a government’s push to recruit more of its citizens. (File/AFP)
Updated 01 December 2018
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Remittances in Oman drop as expats decrease in number

  • The decline is seen as an effect of the country’s current Omanisation policies that prioritize more Omanis in job placements
  • Latest data showed a consistent decline in four of the country’s biggest expat communities – Indians, Bangladeshis, Pakistanis, and Tanzanians

DUBAI: Remittances in Oman have dropped this year, as numbers of expats in the country continue to decline, according to local daily Times of Oman.

Latest data showed a consistent decline in four of the country’s biggest expat communities – Indians, Bangladeshis, Pakistanis, and Tanzanians.

The National Center for Statistics and Information reported a 2.8 per cent drop in the number of Indian expats, 4.4 per cent in Bangladeshi expats, 6.9 per cent in Pakistani workers, and 8.4 per cent in Tanzanian workers. Most of the expats who left Oman held white collar jobs, according to NCSI.

The decline is seen as an effect of the country’s current Omanisation policies that prioritize more Omanis in job placements.

One official from an exchange house in Oman said the potential incomes from the white-collar workers who left the country would have contributed to the country’s remittances output.  

“There is a year-on-year fall in expat numbers, and any decrease in the expat numbers will definitely lead to a reduction in remittances. Obviously, this affects our business as well, because all of these things are directly linked,” Mustafa Sultan Exchange’s PK Subudhi said.

Subudhi said he is not expecting a huge “jump in remittances in 2019,” but remains optimistic for a gradual increase from current figures. 

The Omanization drive is part of a government’s push to recruit more of its citizens, a similar push is underway across the GCC where countries like Saudi Arabia and Kuwait have also been trying to increase the number of locals in employment.


Samsung delays Galaxy Fold media events in China

Updated 22 April 2019
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Samsung delays Galaxy Fold media events in China

  • Instead of plaudits ahead of the phone’s launch on April 26 in the US, Samsung has instead received brickbats
  • The hashtag #foldgate trended on Twitter because of the smartphone issues

SEOUL: Smartphone maker Samsung postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples.
The official did not elaborate on reasons or rescheduling.
Instead of plaudits ahead of the phone’s launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.
Samsung said it received “a few” reports of damage to the displays of samples of the $1,980 handset, raising the specter of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.
The reviewers’ reports of broken screens went viral online and prompted the creation of hashtag #foldgate on Twitter.
Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple’s iPhone in 2007. Chinese rival Huawei Technologies has also announced a folding handset, the Mate X.
The Samsung official on Monday said it had no change to its previously announced release date in the United States.
It plans to begin South Korean and European sales in May, and Chinese sales from an undisclosed date.