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...
Business
Jet fuel output in Oman rises 10.9%
MUSCAT: Oman’s refining sector delivered mixed results during the first four months of 2026, with stronger jet fuel output and...
Business
Omani space tech startup wins FFO backing
MUSCAT, JUNE 16 Muscat-based Rocket Elements and Technologies (RE&T), an Omani space technology startup focused on advanced propulsion systems, has...
Business
Private vehicle inspection station launched in Oman
MUSCAT, JUNE 16 In a move marking a new era for private sector participation in the vehicle transport and technical...