EconomyFeaturedOman implements 5% VATAshwini sekarApril 19, 2021 by Ashwini sekarApril 19, 2021 Oman becomes the fourth GCC country to introduce VAT... Read more
EconomyFeatureMagazineGCC establish economic diversification amid Covid-19WebAdminMarch 31, 2021April 8, 2021 by WebAdminMarch 31, 2021April 8, 2021 Oil and gas production continues to represent over 40 percent of GDP in most of the economies... Read more
EnergyFeaturedBP agrees to sell 20% stake in Oman’s Block 61 for $2.6 bnPritam BordoloiFebruary 2, 2021 by Pritam BordoloiFebruary 2, 2021 The stakes will be sold to Thailand’s PTT Exploration and Production... Read more
EnergyFeaturedOman announces the foundation of a new state-owned energy companyPritam BordoloiDecember 8, 2020 by Pritam BordoloiDecember 8, 2020 The purpose of the new company is to transfer government stake in Concession Area 6 to EDO... Read more
EconomyFeaturedDubai-Oman bilateral trade reached Dh14.85 bn in H1WebAdminNovember 18, 2020 by WebAdminNovember 18, 2020 Bilateral trade jumped 8.4 percent to hit Dh 37.85 billion last year... Read more
FeaturedOil & GasOman’s crude oil price in September average $47.2 per barrelWebAdminNovember 9, 2020 by WebAdminNovember 9, 2020 The Sultanate’s total oil production stood at 261.10 mn barrels for the first nine month of 2020... Read more
EconomyFeaturedOman plans to increase government revenue to OMR12 bn by 2024Pritam BordoloiNovember 4, 2020 by Pritam BordoloiNovember 4, 2020 The plan is a part of Oman’s National Plan for Fiscal Balance 2020-2024... Read more
EnergyFeaturedPetronas mulls exiting Gharraf oilfield in Iraq: CEOPritam BordoloiOctober 19, 2020 by Pritam BordoloiOctober 19, 2020 The oil giant operates the Gharraf oilfield with a 45 percent stake... Read more
Ports and ShippingPort of Duqm sees expansion for trade and customs clearanceInternational Finance Business DeskOctober 19, 2020 by International Finance Business DeskOctober 19, 2020 The new customs centre will help the port to become fully ready for commercial operations and faster clearance of shipments... Read more
TelecomOman Tower Company sings agreement to rollout infra in Port of DuqmPritam BordoloiSeptember 10, 2020 by Pritam BordoloiSeptember 10, 2020 The agreement will allow OTC to accommodate all service operators with different technologies on its towers in an open access... Read more