Oman
Oman implemented VAT in April 2021
Exclusives
Oman implemented VAT in April 2021
Decision will have no effect on local plastic bag factories
Deeds issued top over 15,000 titles
Producer prices increased by 40.7 percent in Q2
10 bidders have been qualified to proceed to the next stage
Important surplus in budget first since 2013
Saudi Crown Prince visit to Sultanate saw signing of 13 agreements
Driven by the increase in food and beverage prices
As part of the country's plans to localize many jobs
Hotel revenues exceeded OMR 73 mn in May
The number of passengers departing from Oman also increased by 69%
CDAA stressed on the need to adhere to public safety guidelines
The bank announced preliminary unaudited financial results for H1 2022
The final death toll remains unclear
Oman was affected by the depression's peak impact
The Sultanate will repay a financing loan before its due date
Emirates National Bank expects government to use oil revenues to reduce debt
Investment Authority exits from 30 companies to secure $6.5 bn
Total public expenditure decreased by 5.9 percent to OMR 12.2 bn
Qatar Airways will act as a sponsor of Oman Air's entry into the alliance
SAOG to offer HBMO shareholders cash and shares
Conventional mortgage grew by 2.7%
A representation office of the EU to be opened in Oman soon
The project features the first adventure park in Oman
Oman currently has 5.2 billion in oil reserves
The project recorded 2,200 permanent jobs, 75% omanization rate
In an attempt to mitigate the effects of the Covid-19 pandemic
Growing Arab interest in evaluating the process of issuing CBDCs
The bank calls on its clients to use the QR code scanning option
OQ invites banks to pitch for gas pipeline network IPO
The number shot up by more than 400 percent in February
What are some of the most important measures?
Two or three government companies will be launched in the H2, 2022
Oil production in the Sultanate to reach 1.040 million bpd in 2022
Finance Ministry to repay loans exceeding 2.85 bn riyals at end April
Production and oil and gas prices contributed to strengthening the budget figures
The sultanate also shows its prowess in bus manufacturing
The IMF welcomes financial sector’s resilience and ongoing reforms
Dozens of state entities to list shares, raise liquidity
This year, the deficit is expected to reach 5% of GDP
Agency predicts rate hikes from central banks in union
Technology ensures invulnerable data security
Western double standards risk reducing production levels
Oman
Oman implemented VAT in April 2021