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...
The Port of Duqm, one of the largest infrastructure projects in the Sultanate, is expected to operate at full capacity by January 2021. Reggy Vermeulen, CEO,...
Muscat: Since the onset of the COVID-19 pandemic, Dubai has responded with swift and effective health measures and economic support initiatives that protected lives and livelihoods....
Muscat: New tariffs will be applied for electricity and water services gradually as the Sultanate aims to phase out subsidies in the respective sectors. Dr. Mohammed...
Muscat: The Tax Authority has announced the imminent expiry of tax incentives offered to private sector establishments for taxes due during 2020. The incentives were announced earlier...
Muscat: The Sultanate of Oman will slowly be lifting subsidies on electricity and water starting from January 1, 2021, as a part of the Medium-Term Fiscal...
