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 …
Two Americans, 240 Yemen rebels 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.
KCA Deutag wins $150m of drilling contracts in Oman
UK-based KCA Deutag (KCAD), a global drilling, engineering and technology provider, has been awarded contracts worth more than $150 million in Oman, from the country’s leading exploration and …
Oman logs $52bn foreign investment in 2018
The total foreign investments in Oman reached RO19.96 billion ($51.7 billion) by the end of 2018, up by 12.1%, compared to RO17.80 billion in 2017, a media report said. The foreign direct investment …
Oman Joins Gulf Neighbors by Introducing 5% Value-Added Tax
(Bloomberg) — Cash-strapped Oman is planning to introduce a delayed 5% value-added tax in April, following the lead of Gulf neighbors.The levy will exempt essential food items, medical care, …
Malaysia’s Petronas starts production in Oman’s Ghazeer gas field
Malaysia’s state energy firm Petronas on Monday announced the start of production from Phase 2 of its Ghazeer gas field located in Block 61, Oman, three years after the Khazzan gas field (Phase 1) was …
Oman plans to introduce 5% VAT from April 2021
Muscat: Cash-strapped Oman is planning to introduce a 5 per cent value-added tax in April, following the lead of Gulf neighbors. Essential food items, medical care, education and financial services …
Oman to introduce 5% value-added tax in six months’ time
Oman’s ruler has issued a decree to start levying a 5% value-added tax in six months’ time, state-run Oman TV said on Monday, as the Gulf oil producer seeks to boost revenues battered by low oil …
Oman to implement 5 pct VAT starting in six months: Oman TV
Oman’s ruler has issued a decree to start levying a 5 percent value-added tax in six months’ time, state-run Oman TV said on Monday, as the Gulf oil producer seeks to boost revenues battered by low …
Oman to Join Gulf Neighbors by Introducing 5% Value-Added Tax
Cash-strapped Oman is planning to introduce a 5% value-added tax in April, following the lead of Gulf neighbors.