Oman to introduce 5% VAT in early-2021 to generate additional revenue
The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members...
Tag : Oman
Renewable energy to help Oman save up to $1 bn
Oman plans to generate at least 10% of its energy demands from renewables...
MSCI Kuwait upgrade to boost ETFs and equities
The move is expected to generate billions of dollars of inflows into the Kuwait market...
Bank Muscat to launch $100 mn strategic fintech programme
The programme will ensure top class services and digital innovations across all segments...
China’s State Grid buys 49% stake in Oman electricity Utility
State Grid paid $1 bn to Oman’s Electricity Holding Company for the stake in Oman Electricity Transmission...
Oman denies report of the establishment of a new airline
Earlier, it was reported that a new airline will be formed to take over Oman Air’s domestic operations...
New Omani airline to take over Oman Air’s domestic ops
Oman Air will focus on the global market where it competes against the likes of Emirates and Etihad...
Oman to develop its first medical city for OMR479 mn
The city will be built in the Barka region and in four different phases...
Vodafone signs MoU with ministry to begin operations in Oman
Vodafone will become the third telecom service provider in Oman after Omantel and Ooredoo Oman...
Oman’s net foreign assets increase by OMR990 mn in 2018
Increase in petroleum prices and exports are some of the major contributors to the rise in foreign assets...