Business NewsDr Ali bin Azan al Hashami, deputy secretary of the true property registry at the Ministry of Housing, said that the worth of traded contracts in Oman’s actual property sector exceeded RO256mn by the top of Might this 12 months. The collected charges from actual estate transactions stood at RO8.34mn during the first 5 months of 2018, he said.

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The rupee on Friday edged higher to 68.15 against the US dollar, extending its restoration after falling to 18-month low sixty eight.42 on Wednesday. Regardless of the brief restoration, the rupee is just not far-off from its all-time low of sixty eight.87 vs US dollar, recorded in November 2016. Apart from outflows from home capital markets, a rising greenback and a surge in international crude costs have weighed on the rupee. The rupee is down over 6 per cent against the US dollar to this point this year. Forex advisory agency IFA Global says that the possibility of rupee heading towards 70 per greenback is rising. There’s a still room for further depreciation from current ranges, it provides.

Al Raid Group recently launched Oman’s first outlet mall and largest retailtainment vacation spot ‘Al Araimi Stroll’ in Barka. The long-lasting 240,000sqm growth venture will set a new benchmark because the nation’s first ever retailtainment vacation spot; and will characteristic 164 shops, 42 meals and beverage outlets, seven entertainment hubs, a hypermarket, and an IMAX cinema.

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Shares dived in Hong Kong and Shanghai as traders fret over a doable trade warfare between the US and China after Donald Trump threatened contemporary sanctions, sparking warnings of retaliatory measures by Beijing. Domestic foreign exchange market sentiment succumbed to bouts of stress on revival of fresh international trade warfare fears and issues about possibility that the hostile US trade policy can have a substantial affect on the Indian economy.

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