Business
CBO waives digital transfer fees for individuals, SMEs
BUSINESS REPORTER MUSCAT, JUNE 17 The Central Bank of Oman (CBO) has announced a major reform of national payment system...
Business
OMIFCO outlines plan to diversify product portfolio
MUSCAT, JUNE 17 Oman India Fertiliser Company (OMIFCO) – the Sultanate of Oman’s flagship fertiliser producer – has outlined an...
Business
Oman mining offers investment opportunities
MUSCAT, JUNE 17 The Sultanate of Oman continues to expand its offering of mining concession areas and attract quality investments,...
Business
VAT calculation on 1.2% deduction clarified
Muscat: The Tax Authority has clarified the method of calculating Value Added Tax (VAT) on invoices and contracts in the...
Business
Oil slides on Iran supply hopes; bond yields pushed lower...
Brent crude futures dove below $80 and are down more than a third from recent peaks following reports that the...
Business
IMF commends resilience of Oman’s economy and reform momentum
Muscat: The International Monetary Fund (IMF) has commended the resilience of Oman’s economy and the continued momentum of its structural...
Business
Duqm power plant secures $385 million EPC deal
MUSCAT, JUNE 16 Oman’s 870-megawatt Duqm gas-fired power plant has secured a $385 million engineering, procurement and construction (EPC) contract,...
Business
Oman, Sri Lanka explore economic zone partnerships
MUSCAT: Oman and Sri Lanka have discussed opportunities to strengthen cooperation in special economic zones, free zones and industrial cities,...
Business
TRA seeks views on child social media rules
MUSCAT: Oman’s Telecommunications Regulatory Authority (TRA) has launched a public consultation on proposed regulations governing children’s use of social media...
Business
Oman real estate deals near RO 946 million
MUSCAT: The value of real estate transactions in Oman rose 13.4 per cent year-on-year to RO945.8 million by the end...