Swedish energy firm Tethys Oil has announced that drilling operations of exploration well Thameen-1 on Block 49 onshore Oman has commenced. The well is planned to be drilled to a depth of about 4,000 …
Stores stock up on reusable bags as plastic bag ban commences in Oman
Many shops in Oman had to order for reusable bags, following the ban on single-use plastic bags in the country. With a ban on plastic bags starting on 1 January, many outlets had already made …
Oman expected to add $779m in revenue from VAT this year
The implementation of a 5 per cent value-added tax in Oman this year is seen bringing in OMR300m ($779m), the Oman News Agency reported Saturday, citing the Gulf nation’s finance minister. Oman’s 2021 …
Fixed number portability comes to Oman
Middle East technology & IT news portal including latest information technology news,Business technology & Tech news,Multimedia news,Product reviews & information,Software,Hardware,Computer tech & …
Oman estimates Dh21.4bn budget deficit in 2021
Oman’s Sultan Haitham Bin Tarik has issued a royal decree, approving the state’s general budget for the financial year 2021. The Arabian Gulf state is projecting a 2.24 billion Omani rials deficit in …
Oman Expected to Add $779 Million in Revenue From VAT This Year
The implementation of a 5% value-added tax in Oman this year is seen bringing in 300 million rials ($779 million), the Oman News Agency reported Saturday, citing the Gulf nation’s finance minister.
Oman aviation group, Transom company have been dissolved: Finance ministry
Oman Aviation Group and Transom company have been dissolved and their subsidiaries and tasks distributed to Oman Air and Oman Airports Management Company, the finance ministry said in a tweet on …
Oman, Sri Lanka to cooperate in academic field
The Ambassador of Sri Lanka to the Sultanate of Oman, Ameer Ajwad, met with the new Vice Chancellor of the Sultan Qaboos University (SQU) HH Dr Fahad Al Julanda Al Said on the university premises in M …
Oman: 16 expats jailed and face deportation for violating COVID-19 precautions
A total of 16 expatriates in Oman have been sentenced to six months in prison, fined OMR 500 and are facing deportation for taking part in gambling and violating the Supreme Committee decisions. In a …
Oman poultry major aims to increase revenue, production in 2021
Dhofar Poultry Company is betting big on the Oman and wider Gulf market during 2021 with ambitions to grow its revenues to OR12 million ($31.1 million), up OR2 million from last year. With its …