Latest news with #Non-Omani
Muscat Daily
17-03-2025
- Business
- Muscat Daily
Oman's workers' federation highlights layoffs
Muscat – The General Federation of Oman Workers (GFOW) has revealed in its latest report that 31 Omani workers were laid off from their jobs in February 2025. Additionally, the federation confirmed actions to prevent the termination of another 30 Omani workers during the same month. In its commitment to safeguarding workers' rights, GFOW provided 52 legal assistances in February. The federation also received 52 complaints from 51 establishments regarding employment terminations throughout 2023. These complaints primarily concerned unfair dismissals, but also included issues related to delayed payments, cessation of wages, poor working conditions, and non-compliance with safety and occupational health standards. Non-Omani workers were also among those dismissed by private sector establishments. The report further highlighted the expansion of labour unions across Oman. As of February 2025, the number of labour unions in the sultanate reached 327, spanning 16 sectors. The majority of unions operate within the commerce and industry sector (99 unions or 30%), followed by the oil and gas sector (82 unions or 25%), and the construction and contracting sector (32 unions or 9.7%). Additionally, a new sectoral worker union was established in February. These unions function as centralised organisations, coordinating and facilitating communication between the individual unions and the federation to enhance collective bargaining and support for workers' rights. GFOW continues to advocate for fair treatment, safe working environments, and the legal rights of workers in Oman.
Observer
27-01-2025
- Business
- Observer
MSX Index edges up 0.17%
MUSCAT: The Muscat Stock Exchange (MSX) 30 Index closed yesterday at 4,561.07 points, gaining 7.8 points or 0.17 per cent from the previous session's 4,553.31 points. Trading activity saw significant growth, with the total trading value rising by 44.9 per cent to RO 2.3 million, compared to RO 1.58 million in the previous session. The report from MSX noted a slight dip in market value, which decreased by 0.006 per cent to approximately RO 27.63 billion. Non-Omani investment activity featured prominently: Purchases by non-Omani investors totaled RO 255,000, representing 11.11 per cent of the total value. Sales by non-Omani investors amounted to RO 1.09 million, accounting for 47.5 per cent of total value. As a result, net non-Omani investment registered a decline of RO 836,000, representing 36.39 per cent. — ONA
