Temporary plans to issue work permits for expats in Oman

An image of Oman's Muscat port. (Shutterstock)
Updated 05 June 2018

Temporary plans to issue work permits for expats in Oman

DUBAI: The Omani government is working on issuing temporary employment permits to expats in the country for specific jobs, local daily Times of Oman reported.
According to Oman’s Implementation Support and Follow-up Unit’s annual report, the specific jobs to be allocated temporary expat work visas include medical, academic, technical, consultancy, expertise and training.
“The long-term objective of the initiative is to unlock flexible movement of expats to help private enterprise in need of additional staff. After an amendment to the new law, a company can move an expat worker to a group company for a period of three months after notifying the Ministry of Manpower,” the report said.


Scammers fool Britons with investment firm clones, says trade body

Updated 28 November 2020

Scammers fool Britons with investment firm clones, says trade body

  • Losses amounted to 9.4 million pounds ($12.56 million) between March and mid-October

LONDON: More than 200 British retail investors have lost nearly 10 million pounds ($13.4 million) in total to sophisticated investment scams since a government lockdown in March to fight the COVID-19 pandemic, a trade body said on Saturday.
Fraudsters cloned genuine investment management firms’ websites and documentation, and advertised fake products on sham price comparison websites and on social media, the Investment Association said.
Greater financial uncertainty and more time spent online have likely contributed to the increase in scams, industry sources say.
Losses amounted to 9.4 million pounds ($12.56 million) between March and mid-October, the IA said, based on information it got from member firms which had been cloned.
“In a year clouded in uncertainty, organized criminals have sought opportunity in misfortune by attempting to con investors out of their hard-earned savings,” Chris Cummings, chief executive of the Investment Association said.
The investment management industry was working closely with police and regulators to stop the scams, he added.
Britain’s Action Fraud warned earlier this month that total reported losses from all types of investment fraud came to 657 million pounds between September 2019 and September 2020, a rise of 28% from a year ago. Reports spiked between May and September, following Britain’s first national lockdown, the national fraud and cybercrime reporting center added.