Oman tells state companies to replace expats with locals - ONA - Reuters:
Oman’s finance ministry told state companies on Wednesday to replace foreign workers with locals, as part of efforts to develop the national workforce, state-owned Oman News Agency reported.
The move is part of the government’s running so-called “Omanisation” policy, which is aimed at improving the number and quality of jobs available for Omani citizens.
Low oil prices and the economic slowdown caused by the new coronavirus outbreak are straining the finances of Oman, a relatively small energy producer with debt rated “junk” by all the major rating agencies.
Two weeks ago, the state barred private companies from trying to lessen the economic burden of the coronavirus crisis by firing Omanis.
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