Latest news with #publicwelfare
Zawya
6 days ago
- Business
- Zawya
Oman: $5.4bln disbursed in subsidies last year
MUSCAT - Oman allocated more than RO 2.1 billion in 2024 to fund targeted support across critical sectors and public welfare programmes, as part of its broader fiscal strategy to promote economic resilience and social stability. According to official data released by the Ministry of Finance, the largest share—RO 565 million—was directed to the electricity sector to maintain affordability and ensure continued access to essential services. The government also committed RO 501 million to bolster the national social protection system, in line with the objectives of the Social Protection Law and Oman Vision 2040. In a move to strengthen fiscal health, RO 400 million was allocated for debt servicing. The petroleum sector received RO 232 million in fuel subsidies, helping cushion consumers from international price fluctuations. Key utilities and infrastructure were also prioritised. The water and sanitation sector was allocated RO 203 million, while the waste management sector received RO 71 million. The transport sector was granted RO 84 million to support mobility and logistics development. To ease the cost of living, the government allocated RO 24 million for food subsidies and RO 41 million to support interest payments on housing loans for eligible citizens. An additional RO 47 million was distributed to support other essential public services and initiatives. These allocations demonstrate Oman's commitment to maintaining essential public services while supporting vulnerable groups and advancing infrastructure investment. The 2024 spending priorities align closely with the nation's long-term development goals under Oman Vision 2040, which seeks to achieve balanced growth, fiscal sustainability, and improved quality of life. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Lingyun Xiang Was Awarded the RSSG Royal Medal of Honor by the Royal Society of St. George
Los Angeles, California--(Newsfile Corp. - May 16, 2025) - On April 27, 2025, during the St. George's Day Gala held at the Hollywood Museum in California, Marquess Lingyun Xiang was awarded the RSSG Medal of Honor. The medal, presented by the Royal Society of St. George (RSSG), recognizes Marquess Xiang of San Prospero for his outstanding contributions to the fields of global economy, education, and public welfare. The Royal Society of St. George, founded in 1894, is dedicated to promoting English culture, traditions, and patriotic spirit. Since its establishment, the society has enjoyed the support of the British monarchy, and its current patron is King Charles III. Each year, the RSSG honors individuals who have made outstanding contributions in various fields at its annual gala. Marquess Lingyun Xiang holds the title of Marquess of San Prospero, conferred upon him by the Austrian Royal Family and the Holy Roman Empire. An economist living in the United States, Professor Lingyun Xiang holds certified public accountant qualifications in multiple countries. He is a recipient of the King's Medal of the United Kingdom and the European Excellence Award, a Fellow of the Royal Society of St. George, a Lifetime Fellow of the Royal Society of Arts, and a Foreign Academician of the National Academy of Engineering of Ukraine. He serves as a Lifetime Professor at the European University, a doctoral Advisor at the University of Maryland, a distinguished Professor at Peking University, and a Visiting Professor at Beijing Union University, Capital Normal University, and Shaanxi University of Science and Technology. He was previously honored with the title of "International Charity Ambassador". He has served as an economic advisor to numerous countries and royal families, including the Royal Family of Thailand, the Republic of Chile, Ukraine, Turkey, Uzbekistan, the Plurinational State of Bolivia, Bosnia and Herzegovina, the Central African Republic, Haiti, Liberia, Libya, Zimbabwe, Madagascar, North Macedonia, Ghana, Gabon, Benin, Burundi, Côte d'Ivoire, Nigeria, Guinea-Bissau, and Mali, among others.
