Economy
5,600+ Companies In Oman Opt For Merger, Clearing Incentives Offered by Commerce Ministry

As many as 5,672 companies benefited from a package of corporate incentives offered by the Ministry of Commerce, Industry & Investment Promotion between June 15, 2021, to the end of December 2021.
The services enabled desirous companies to clear, merge, cancel or adjust their commercial registers.
From the total, 3,703 companies canceled their registrations after following through on conducting clearing tasks to facilitate the rectification of their status during the above-mentioned period.
Khalis Khamis Al Masroori, the Director of Commercial Establishments Monitoring Department at the Ministry, said: “The clearing or merger of commercial registers helps address the issue of multiplicity of commercial registers.
“The process enables firms to rectify their market conditions, improve the business climate, enhance competitiveness and support the development of small and medium enterprises, he added, noting that this empowers entrepreneurs to cancel their old, non-functional registers and merit fee cancellation benefits.”
-
OER Magazines1 month ago
OER, July 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, July 25
-
Education2 months ago
Russia offers diverse tourism and education opportunities: Sofia Malyavina
-
Digital2 months ago
Russia’s Digital Frontier: An Inside Look with Alexey Goreslavsky of IRI
-
News1 month ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Banking & Finance2 months ago
Sohar International Partners as Main Sponsor for Refill 3, a Culinary and Cultural Festival Driving Tourism in Khareef Dhofar
-
Energy2 months ago
Oman Investment Authority launches the Sultanate’s First Energy Transition Fund
-
Banking & Finance2 months ago
Tender results of Government Treasury Bills worth RO21.7 million issued