Can auto market rebound in 2018?
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People are holding back on big-ticket car purchases in Oman despite attractive campaigns from dealers and banks. According to a report from the BMI Research, there is scope for a small rebound of around three per cent in the new vehicle sales across 2018.
A recent report from Alpen Capital said the number of passenger cars in the Gulf Cooperation Council (GCC) is expected to grow at five per cent Compound Annual Growth Rate (CAGR) from an estimated 10.2 million in 2015 to 13.2 million in 2020.
In the GCC, Saudi Arabia showed a decline of 19.4 per cent, the United Arab Emirates (UAE) 24.7 per cent, Kuwait 28.2 per cent, Qatar 25.2 per cent and Bahrain 23.6 per cent.
India has become the 60th country to authorize the use of the Russian Sputnik V vaccine against coronavirus, and the vaccine is now approved in countries with a total population of 3 billion, or 40 percent of the world s population, the Russian Direct Investment Fund (RDIF) said on Monday
Police clashed with protesters for a second night in the Minneapolis suburb where a police officer fatally shot 20-year-old Daunte Wright on Sunday. The shooting sparked riots in an area already in turmoil over the trial for the death of George Floyd
Rise in number of patients in hospital wards and ICUs signs of an impending danger: Minister
By: ONA
The Supreme Committee tasked with tackling developments resulting from coronavirus held a media briefing on Monday.
Muscat: The Supreme Committee tasked with tackling developments resulting from coronavirus (COVID-19) pandemic held a media briefing at the Diplomatic Club on Monday where editors from Oman News Agency (ONA), Oman TV and other mass media received updates.
Dr. Abdullah Nasser Al Harrasi, Minister of Information, member of the Supreme Committee, said that His Majesty Sultan Haitham Bin Tarik formed the COVID-19 Supreme Committee at an early stage of coronavirus’s outbreak at a global level. He noted that the Supreme Committee took prompt action to safeguard public health, namely by issuing decisions aimed to curb the spread of the virus and keep it in minimum levels in Oman.