Oman will impose a minimum top-up tax (DMTT) of 15 percent on multinational companies from January 1, according to a royal decree published by the Oman News Agency. The tax will apply to …
Oman: Manah II solar IPP commences commercial operations
The Manah II project represents a significant step forward in Oman’s renewable energy ambitions. By harnessing solar power on a utility scale, the project will contribute to diversifying Oman’s energy …
Thawani Pay partners with Takaful Oman to offer motor insurance to app users
Thawani Pay, one of Oman’s biggest platforms for smart payment solutions, has partnered with Takaful Oman Insurance to introduce a motor insurance product through the Thawani App.
Loan scheme for laid-off employees extended in Oman
The recent extension, formalised in a new circular, reinforces the Sultanate of Oman’s ongoing efforts to protect its workforce from the economic impact of job losses …
Loan scheme for laid-off employees extended in Oman
The recent extension, formalised in a new circular, reinforces the Sultanate of Oman’s ongoing efforts to protect its workforce from the economic impact of job losses …
Oman’s central bank approves regulations for Banking Deposits Protection Law
Muscat – The Board of Governors of the Central Bank of Oman (CBO) convened for its fourth meeting of 2024 on Sunday at the CBO Headquarters. During the meeting, the board approved the Regulations for …
Oman and Iraq Strengthen Bilateral Ties
By John Lee. The ninth session of the Omani-Iraqi Joint Committee has taken place in Baghdad, chaired by Oman’s Foreign Minister Sayyid Badr Albusaidi and Iraq’s Deputy Prime Minister and Foreign …
Oman’s real GDP grows 1.9% in first 9 months, driven by non-oil sectors
Non-hydrocarbon GDP expanded 4.2% in the first nine months of 2024, while hydrocarbon GDP contracted by 2.8%. The increase in non-hydrocarbon GDP was primarily driven by robust expansion in Oman’s …
Oman’s real GDP grows 1.9% in first 9 months, driven by non-oil sectors
Non-hydrocarbon GDP expanded 4.2% in the first nine months of 2024, while hydrocarbon GDP contracted by 2.8%. The increase in non-hydrocarbon GDP was primarily driven by robust expansion in Oman’s …
Expert Explains Lukashenko’s Oman, UAE Visits
Self-proclaimed President Alexander Lukashenko of Belarus seeks to establish cooperation with Oman and the UAE in order to weaken the impact of sanct …