50pc excise tax on malt drinks, non-alcoholic beer
Muscat: Malt drinks, non-alcoholic beers, ready-to-drink coffees and teas, and beverages containing artificial sweeteners are among a wide array of products that are liable to 50 per cent Excise Tax...
Mineral-based projects worth RO 122m set to come up in Duqm SEZ
Majority state-owned Duqm Quarries, which was established three years ago to jumpstart the growth of mining activities in the Special Economic Zone (SEZ) at Duqm, has unveiled a portfolio of five...
World-class bulk liquid terminal taking shape at Duqm SEZ
Oman’s newest oil terminal, encompassing a complex of facilities for the storage and export of refined petroleum products from the under-construction Duqm Refinery & Petrochemical scheme, is rapidly...
‘Sector Champions’ to help diversify Omani economy
A number of sector flagships created by the Omani government to drive investment and development in strategic areas of the economy have been mandated to support the country’s economic...
Key Oman copper-gold project reports progress despite Covid setbacks
Constraints posed by the ongoing coronavirus pandemic notwithstanding, an Omani-Australian company behind the development of a major copper-gold project says it is pressing ahead with the venture –...
Subsidies disbursed by Oman government surpassed RO 1 bn last year
Economic assistance doled out by the Omani government to help fund the cost of providing subsidised services to the general population, as well as financial support to economically weaker sections of...
Oman’s agro output soars to record 3m tons in 2019
Domestic agricultural production in the Sultanate, encompassing a wide range of field crops, vegetables, fruits and perennial fodder crops, topped three million tons for the first time last year,...
Oman’s mining sector revenues hit RO 114m in 2019
Oman’s thriving mining and mineral processing sector earned RO 114 million in revenues last year, bolstered by a new Mining Law, strong regulatory framework and the industry’s positioning as one...
8.6pc growth in taxes, duties, non-oil revenues in 2019
Non-oil revenues earned by the Omani in the form of corporate income tax, customs duties, telecom royalties, stake sales, and profits and dividends from government investments, among other...
Omani mineral exports slump as pandemic hits key markets
Port of Salalah reported an 11 per cent decline in volumes handled at its General Cargo Terminal (GCT), which fell to 7.308 million tons during the first half of this year, down from 8.191 million...
Sharp fall in motor, jet fuel production in H1 2020
Refineries operated by OQ, the Sultanate’s integrated refining and petrochemicals conglomerate, reported a steep decline in the output of motor fuels, aviation fuel and other refined products during...
Oman’s telecom sector awaits arrival of third operator, rollout of 5G
Oman’s telecom sector is bracing for the much-anticipated entry of Vodafone as the country’s third operator – a development that promises to further ramp up the challenges for leading incumbent...
Oman is open for business, investment despite pandemic constraints: Ithraa
The Sultanate capitalized on its well-developed transport infrastructure and its proximity to promising consumer markets to keep trade routes buzzing despite global supply disruptions induced by the...
Oman Drydock eyes repair order-book of 200 ships per year
Oman Drydock Company (ODC) is targeting a major increase in the throughput of vessels calling at its modern yard at the Port of Duqm for repair and maintenance services. According to a senior...
Mwasalat Oman to operate buses at half capacity when services resume
Sinyar – the integrated identity of Oman National Transport Company (Mwasalat) and National Ferries Company (NFC) – envisions a significant reduction in the passenger capacity of buses, as well as...
Omani firms advised to get geared for VAT
With the roll-out of Value Added Tax (VAT) set to become a reality sometime next year, Omani businesses are being urged to be suitably prepped for the implementation of this much-anticipated...
Oman’s power sector regulator strengthens consumer protections
The Authority for Electricity Regulation (AER) Oman has issued an executive decision that seeks to reinforce the interests and legitimate rights of electricity consumers versus utilities licensed to...
Cost-reflective tariffs force large power customers to cut usage in Oman
A study commissioned by the Authority for Electricity Regulation (AER) Oman has found that the majority of Oman’s large electricity consumers have cut their annual consumption in the wake of the...
Tender soon for installation of rooftop solar PV systems in Oman
Ahead of the start of a tender for a contract to install solar photovoltaic (PV) systems atop residential buildings in the capital region, the Authority for Electricity Regulation (AER) Oman which is...
Oman’s biggest hatching eggs project nearing completion at Haima
Construction work on Oman’s biggest breeder poultry project – an investment that seeks to eliminate the country’s longstanding dependence on imported hatching eggs for its rapidly expanding...