Number of expats continues to decrease in Oman

Passengers, wearing protective face mask due to the Covid-19 pandemic, stand in a queue at the Muscat international airport in the Omani capital on October 1, 2020. (File/AFP)
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Updated 22 November 2020

Number of expats continues to decrease in Oman

  • The labor ministry said that another 7,689 expatriates have requested permission for departure
  • The number of expat managers likewise decreased by 22.4 percent annually by the end of September

DUBAI: The number of expatriates working in Oman was down 17 percent by the end of October to about 1.44 million from almost 1.71 million during the same period of last year.

This as the Sultanate’s labor ministry said that another 7,689 expatriates have requested permission for departure between Nov. 15 and 19, daily Times of Oman reported.

“The requests were registered according to the status of the work permit. 3,765 work permits were active, 3,263 of the request makers were unemployed, 408 were people without work permits and 253 were people whose permit was cancelled,” the report added, quoting the ministry.

The number of expat managers likewise decreased by 22.4 percent annually by the end of September, with the official count of National Center for Statistics and Information pegging at 29,687 compared with 37,603 non-Omani midlevel staff during the same period last year.


Bitcoin hits $19,000 for first time in 3 years

Updated 24 November 2020

Bitcoin hits $19,000 for first time in 3 years

  • The world’s most popular cryptocurrency has gained around 160 percent this year

LONDON: Bitcoin hit $19,000 on Tuesday for the first time in nearly three years and was just shy touching an all-time high of just under $20,000.
The world’s most popular cryptocurrency has gained around 160 percent this year, fueled by a demand for risk-on assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies would win mainstream acceptance.
Bitcoin has gained over 37 percent in November alone.