Tag: Oman Business News
Japan’s Sumitomo to explore unique hydrogen project in Oman
Japanese leading general trading company Sumitomo Corporation is planning to build a first-of-its-kind hydrogen plant in Oman in collaboration with a local upstream energy company.
Tokyo-headquartered...
Vodafone becomes 3rd telecom operator in Oman after obtaining operational license
British multinational telecommunications company Vodafone has become the third telecommunications operator in the Sultanate of Oman after receiving a first-class license to establish and...
Oman expects 25% rise in non-oil revenues this year
Oman is reportedly expecting a 25 percent surge in its non-oil revenues this year, rising from $6.24 billion (2.4 billion Omani riyals) to around...
Oman foresees $779mn revenue addition from VAT in 2021
The implementation of a five percent value-added tax (VAT) in Oman is expected to bring $779 million in revenue this year, as per the...
Oman approves $5.82bn deficit budget for 2021
Sultan of Oman, His Majesty Sultan Haitham bin Tarik has issued a royal decree to approve the nation's 2021 general budget with a notable...
Oman declares measures to address unfair trade practices
Oman's Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has issued recommendations to crack down on illegal activities such as secret trade and prohibit...
Oman set to reform utility subsidies from January 2021
The government of Oman is all set to introduce changes to its expensive system of subsidies in January which will prioritize its poorest citizens...
National Bank of Oman joins Khibrat initiative to support Omani youth
Oman’s first local bank National Bank of Oman (NBO) has joined an initiative known as Khibrat, with an intention to provide job training for...
