AviationFeaturedIATA: Oman’s airlines to suffer revenue losses of $724 mn in 2020Pritam BordoloiApril 29, 2020 by Pritam BordoloiApril 29, 2020 Oman's aviation industry could see 4.3 million fewer passengers in 2020... Read more
FeaturedReal EstateReal Estate deals in Oman fall by 30.6% in January 2020International Finance Business DeskMarch 25, 2020 by International Finance Business DeskMarch 25, 2020 The number of plots issued also falls by 14.7%... Read more
EconomyMagazineHow prepared is Oman to levy VAT?Bharath KumarMarch 13, 2020March 20, 2020 by Bharath KumarMarch 13, 2020March 20, 2020 Although the Sultanate’s taxation system is largely unprepared for the implementation of VAT, VAT will benefit Oman’s economy... Read more
AviationFeaturedOman’s national strategy to enhance aviation sector by 2030Bharath KumarFebruary 27, 2020March 18, 2020 by Bharath KumarFebruary 27, 2020March 18, 2020 The National Aviation Strategy will improve the Sultanate’s aviation industry and strengthen the economy at large... Read more
EconomyFeaturedOman to introduce 5% VAT in early-2021 to generate additional revenueBharath KumarJanuary 22, 2020March 18, 2020 by Bharath KumarJanuary 22, 2020March 18, 2020 The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members... Read more
EnergyRenewable energy to help Oman save up to $1 bnPritam BordoloiDecember 23, 2019 by Pritam BordoloiDecember 23, 2019 Oman plans to generate at least 10% of its energy demands from renewables... Read more
MarketsMSCI Kuwait upgrade to boost ETFs and equitiesInternational Finance DeskDecember 20, 2019January 24, 2020 by International Finance DeskDecember 20, 2019January 24, 2020 The move is expected to generate billions of dollars of inflows into the Kuwait market... Read more
BankingBank Muscat to launch $100 mn strategic fintech programmeInternational Finance DeskDecember 17, 2019 by International Finance DeskDecember 17, 2019 The programme will ensure top class services and digital innovations across all segments... Read more
EnergyChina’s State Grid buys 49% stake in Oman electricity UtilityPritam BordoloiDecember 16, 2019January 24, 2020 by Pritam BordoloiDecember 16, 2019January 24, 2020 State Grid paid $1 bn to Oman’s Electricity Holding Company for the stake in Oman Electricity Transmission... Read more
AviationOman denies report of the establishment of a new airlinePritam BordoloiOctober 24, 2019November 1, 2019 by Pritam BordoloiOctober 24, 2019November 1, 2019 Earlier, it was reported that a new airline will be formed to take over Oman Air’s domestic operations... Read more