Muscat: His Majesty Sultan Haitham Bin Tarik presided over a meeting of the Council of Ministers at Hisn Al Shumoukh Palace yesterday [March 9, 2021]. At the outset...
Muscat: The newly-launched economic stimulus plan and the rules it brings into effect are expected to help Oman’s recovery efforts by creating a strong framework for...
The Sultanate’s Economic Stimulus Plan (ESP) endorsed by the Council of Ministers today is based on five main axes, namely: (A) Incentives pertaining to taxes and...
Muscat: The total Foreign Direct Investment (FDI) in the Sultanate at the end of the second quarter of 2020 reached RO15,44mn, recording an increase of 13.2 per...
Muscat: Foreign assets in the Central Bank of Oman reached more than RO5bn but marked a decrease when compared to the assets from the same period...
Muscat: The Sultanate’s Gross Domestic Product (GDP) fell by 16.5 per cent, reaching RO18.189 billion at current market prices by the end of September 2020, according...
Muscat: The Central Bank of Oman (CBO) has issued new banknote denominations; 20 Rials, 10 Rials, 5 Rials, 1 Rial, ½ Rial, and 100 Baisa for...
Muscat: The Tax Authority today issued three executive decisions pertaining to the implementation of the Value Added Tax (VAT), which will be enforced by 16 April 2021....
The Government of Oman has made substantial fiscal adjustments since a sharp decline in oil prices since mid-2014, resulting in the formation of a foundation for Oman...
Muscat: National Bank of Oman has been selected as the onshore banking partner for International Distribution Network SPC – the distribution arm of Sainsbury’s. One of the...
