The Salalah Free Trade Zone has announced to join forces with Oman Air and Salalah Port to make the strategic seaport a success for foreign investors and the Sultanate if Oman.
 

The Free Trade Zone Company concept is fairly new in the Sultanate of Oman, starting of in 2002 by royal decree. Currently there are 4 free trade zone’s in Oman, with one operating in the Muscat area. For those looking to setup a Free Trade Zone company in the Muscat region, have a look at the Muscat Free Trade Zone KOM in Oman.
 

The first Oman - Saudi land border station is expected to be opened in 2012. Construction is stepped up by the Saudi government in 2010 to complete the 592 Km road crossing a part of the Empty Quarter, one of the largest deserts in the world. A few details about this new border.

Oman has several Free Trade Zone's all developed quite recently. Among other advantages establishing a company in a Free Trade Zone allows 100% foreign ownership. An impression of active and developing Free Zone's in the Sultanate of Oman.

In about 10 years from now the Oman capital Muscat bids to become a global metropole. Muscat Municipality has launched a mega project at 24 locations, showcased in the Majestic Muscat exhibition. An impression of what's about to change in the streets of Muscat.
 

Now, with the new Oman visa policy in place for several months, home sales have picked up and prices have stabilized in three of the country’s largest developments: Muscat Hills, The Wave and Shangri-La Barr al Jissah. Expatriate homeowners in special zones can now obtain two-year renewable visas.
 

Elderly motorists, drivers with health problems and bus and taxi drivers in Dubai could be required to pass a UAE medical test before they get their driving licenses. Talks are under way to establish mandatory health tests for certain categories of motorists that could pose a risk on roads.

CEO Dubai Islamic Bank sentenced

The former chief executive of Dubai Islamic Bank was yesterday sentenced to three years in prison and fined more than Dh100 million (US$27.2m) for accepting a bribe and unlawful commissions.

SA, also formerly a board member with the developer Deyaar, was ordered to pay Dh100,000 in civil compensation.

His fine of around Dh115m is the highest so far to be handed out by a court in a case involving the wide-ranging corporate-corruption investigations in Dubai.

Read about it in The National - "Prison and Dh115m fine for former chief executive of Dubai Islamic Bank"