Oman’s expat visa ban extended on certain jobs

A view of Oman's capital Muscat in the evening. (Shutterstock)
Updated 25 June 2018

Oman’s expat visa ban extended on certain jobs

DUBAI: Oman’s temporary visa ban on hiring expatriates in specific jobs has been extended for another six months according to the country’s Ministry of Manpower, local daily Times of Oman reported.
“The period of the ban on permits to bring temporary expatriate manpower into private sector establishments for the professions specified in Ministerial Decision No. 38/2018 shall continue for a period of six months from July 30, 2018,” a statement from the ministry read.
Meanwhile Oman’s Royal Police (ROP) also announced that expats who work in government agencies are now able to sponsor visa applicants.
Expats who own specific properties in the country are also allowed to receive a visa without a sponsor.
“This means that expatriates will be able to become sponsors of their own family members as long as they meet certain conditions,” the statement from ROP read.
Earlier this year, the Omani government imposed the initial six month ban on expat workers getting visas for jobs in 87 industries, including media, engineering, marketing and sales, accounting and finance, IT, insurance, technicians, administration and HR.
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.


Egypt expects several share offerings by end of year

Updated 15 September 2019

Egypt expects several share offerings by end of year

  • One small company worth about 50 million Egyptian pounds was also expected to offer shares on the Nile Stock Exchange

CAIRO: Egypt expects two state companies and one private pharmaceuticals firm worth more than $61.3 million, or one billion Egyptian pounds, to make share offerings by the end of the year, an official at the Financial Regulatory Authority said on Sunday.
One small company worth about 50 million Egyptian pounds was also expected to offer shares on the Nile Stock Exchange, which specializes in small and medium sized enterprises, said Sayed Abdel Fadeel, head of the authority’s corporate finance department. He did not name the companies.
Egypt promised to sell minority stakes in several state companies in late 2018 but postponed the offerings following emerging market turbulence.