Tag: Oman Business News
Oman launches new energy firm to raise capital
Oman sultanate has established a new state-owned energy firm named Energy Development Oman (EDO) which will own part of the largest oil block of...
Oman’s PDO joins Gulf Energy to create job opportunities for omanis
Oman's state-owned oil company Petroleum Development Oman (PDO) is generating as many as 600 jobs for Omanis through a partnership with Gulf Energy SAOC...
Oman in negotiation with banks for loan of nearly $1 billion:...
As the oil-producing Gulf state seeks more funding ahead of heavy debt redemptions over the next two years, Oman is negotiating a loan of...
Oman seeks to raise $3bn through its largest oil block
Oman is trying to raise money using its largest oil block, as the nation is searching for new methods to tackle its budget deficiency...
Oman widens its real estate market to foreign investors
Oman is further opening up its real estate market to foreign investors by giving them access to a wider range of residential properties as...
Oman may tax rich from 2022 to tackle financial issues
Oman plans to take an extraordinary measure in the Gulf region, as part of a larger program to resolve a budget deficit that is...
Oman economy doing much better than IMF forecasts: IIF
US-based association for the global financial services industry, Institute of International Finance (IIF) said that Oman is making strong strides in fiscal consolidation and...
Oman to have 5% VAT from April 2021
The Sultanate of Oman has reportedly decided to levy a 5 percent value-added tax (VAT) on all commodities barring few exemptions from April 2021.
Oman's...
