S&P Global Ratings took Oman down to a B+ as lower crude revenue and the coronavirus pandemic hit country’s finances.
Oman Soon to Impose VAT to Shore Up Finances
According to the VAT law, the business sector must provide necessary information that helps people choose certain goods and services. Oman will impose a Value Added Tax (VAT) across the country in the …
Lafarge Maldives rebrands to Raysut Maldives Cement
Lafarge Maldives has rebranded to Raysut Maldives Cement following its 75% acquisition by Oman-based Raysut Cement. State Trading Organization retains its 25% stake in t …
Lafarge Maldives rebrands to Raysut Maldives Cement
Lafarge Maldives has rebranded to Raysut Maldives Cement following its 75% acquisition by Oman-based Raysut Cement. State Trading Organization retains its 25% stake in t …
Raysut Cement acquires 75% stake in Lafarge Maldives
Maldives: Oman-based Raysut Cement has announced its acquisition of a 75% stake in Lafarge Maldives for US$8m. The subsidiary of LafargeHolcim operates the 9000t-capacity Thilafus …
Two Americans held hostage in Yemen are released in a deal brokered by the Trump administration
Americans Sandra Loli, an aid worker, and Mikael Gidada, a businessman, were freed as part of a US-backed trade that returned around 240 Iran-backed Houthi loyalists from Oman to Yemen.
Two Americans held hostage in Yemen are released in a deal brokered by the Trump administration
Americans Sandra Loli, an aid worker, and Mikael Gidada, a businessman, were freed as part of a US-backed trade that returned around 240 Iran-backed Houthi loyalists from Oman to Yemen.
Two Americans, 240 Yemen Rebel Backers Freed In Apparent Swap
Two captive Americans were freed Wednesday in Yemen as more than 200 supporters of the country’s Huthi rebels were allowed to return home, in an apparent swap involving Saudi Arabia and Oman. The …
Analysis: Reform Momentum of Oman’s New Ruler Faces Headwind of COVID-19 Reality
Oman’s ruler has moved to overhaul the Gulf Arab state’s creaking finances since taking power this year but the coronavirus crisis is likely to delay deeper reforms needed to shore up the economy at a …
Analysis: Reform Momentum of Oman’s New Ruler Faces Headwind of COVID-19 Reality
Oman’s ruler has moved to overhaul the Gulf Arab state’s creaking finances since taking power this year but the coronavirus crisis is likely to delay deeper reforms needed to shore up the economy at a …