Tag: Oman Business News
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...
Oman bets on SMEs, tourism for economic recovery
According to reports, Oman is banking on its non-oil sectors, including small-to-medium enterprises and tourism, to strengthen the local economy.
For next year, the Oman...
Flourishing Oman startup sector remains resilient to COVID-19 Impact
In recent years, GCC states have taken a range of measures with the shared goal of diversifying their economies away from oil. Investments in...
Attn Oman Expired Visa Holders; Ministry clarifies visa fee waivers
Oman's Ministry of Labor has provided clarity regarding the relaxations of fines for expired visa holders who are still to leave the country.
The ministry...
No permission required for Oman returnees; Government Official
Following its earlier directives to restore international travel from October 1, Oman has further eased the restrictions for travelers to return back to the...
Oman pushes for Nationalization among key national and private entities
The Sultanate of Oman has made significant strives towards ensuring compliance from leading industrial powerhouses within the nation towards its enhanced nationalization drive for...
Oman appoints board to oversee central bank operations
The government of Oman has reportedly created a board led by Sayyid Asad bin Tariq bin Teimur al-Said, a brother of the current Sultan...
Oman to resume international flights from Oct 1: Officials
Oman's Supreme Committee tasked with tackling developments resulting from the pandemic has decided to begin start scheduled international flights service in the country from...
