Oman considers extending expat visa ban

These steps taken by the government are part of the Omanization drive to recruit more of its citizens in private companies. (Shutterstock)
Updated 10 December 2018
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Oman considers extending expat visa ban

  • The current ban, which is expected to expire at the end of January 2019, has halted the hiring of expats to jobs across 87 sectors
  • These steps taken by the government are part of the Omanization drive to recruit more of its citizens in private companies

DUBAI: Oman’s Ministry of Manpower is considering extending the expatriate visa ban that was implemented early this year, national daily Times of Oman reported.

The current ban, which is expected to expire at the end of January 2019, has halted the hiring of expats to jobs across 87 sectors which include information systems, accounting and finance, sales and marketing, administration, human resources and insurance.

“The decision to regulate the labour market, provide job opportunities for job seekers in these disciplines, reduce the recruitment of labour force in the country, and the ban for a period of six months can be renewed based on the results of the study and the success in providing job opportunities in these disciplines,” Salim bin Nasser Al Hadhrami, Director General of Planning and Development at the Manpower Ministry told the daily.

Earlier this week, the Ministry of Manpower announced that companies will have to secure the ministry’s go ahead before they can hire expats.

A new traffic light-themed online system is currently being rolled out in Oman, in which companies’ Omanization quotas are being monitored.

Under this new system, companies that meet Omanization standards set by the government will receive a green signal online, allowing them to proceed with hiring expat employees.

These steps taken by the government are part of the Omanization drive to recruit more of its citizens in private companies, a similar push is underway across the GCC where countries like Saudi Arabia and Kuwait have also been trying to increase the number of nationals in private sector employment.


Uber could announce $3bn deal with Careem early this week: sources

Updated 25 March 2019
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Uber could announce $3bn deal with Careem early this week: sources

  • Dubai-based Careem is main regional rival to Uber
  • Follows long standing speculation about deal

DUBAI: Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters.
Uber's offer could be unveiled during the early part of this week, a third source added.
Uber will pay $1.4 billion in cash and $1.7 billion in convertible notes, which will be convertible into Uber shares at a price equal to $55 per share, Bloomberg had earlier reported, citing a term-sheet.
Careem declined comment while Uber did not immediately respond to a request from Reuters to comment.
Uber has been preparing for an initial public offering, and its bankers have indicated that it could be valued at as much as $120 billion.
The U.S.-based global logistics and transportation company has been seeking new avenues of growth even as it faces severe competition in its core business of ride hailing from rivals like Lyft Inc.
The IPOs of Lyft and Uber represent a watershed for Silicon Valley's technology unicorns, which for years have snubbed the stock market in favor of raising capital privately, with investors happy to back their frothy valuations.