#Oman

The impact of VAT on the Omani economy

GCC states have the discretion to zero rate and exempt certain categories of supplies and Oman has used this discretion

Oman to stop accepting resignation of healthcare workers – report

The decision has been taken due to the increasing number of Covid-19 cases in the country

Covid-19: Oman issues new restrictions, bans Eid gatherings

All commercial activities to be banned throughout the day with effect ‪from Saturday, May 8 until the end of ‪Saturday, May  15

Oman’s first quarter deficit rises to $2bn

Public revenue was OMR1.82bn at the end of March

Oman state oil firm to sell assets to fund $7.9bn spending

OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m

Oman Covid-19 Travel Ban

Covid-19: Oman to indefinitely ban travellers from India, Pakistan and Bangladesh

The ban will take effect from 6pm on Saturday, April 24

coronavirus covid-19

Covid-19: Oman running out of ICU beds for patients – report

The sultanate has announced several guidelines to curb the spread of the virus

Oman is said to study strategic options for state energy firm OQ

OQ is an integrated energy company with oil and gas exploration and production operations, refineries, a retail network and a large petrochemical business

Oman is more than halfway towards meeting its financing needs for 2021

The government has OMR1.83bn left to raise after so far borrowing OMR1.77bn and withdrawing OMR600m from the Oman Investment Authority

Oman AIr

Oman suspends flights from UK, reduces staff capacity at offices

The sultanate also prohibited the entry of passengers who departed from or transited through the UK in the past 14 days

Covid-19: UK adds Oman, Qatar to travel ‘red list’

This move is to protect the UK against new variants of the coronavirus infection

Majid Al Futtaim Al Mouj Muscat

UAE’s Majid Al Futtaim launches Dhs28m villas in Al Mouj Muscat development

The six-bedroom Zunairah mansions have private infinity pools, landscaped gardens and direct access to the beach

Trade between UAE, GCC worth Dhs229bn in 2019

Saudi Arabia is the UAE’s top trading partner, with a total of Dhs113.2bn in trade exchange in 2019

Oman Muscat

Oman suspends commercial activities from March 4-20

Restaurants and cafés across the country must close daily between 8pm-5am

Jamal Khashoggi

Khashoggi: Saudi Arabia ‘completely rejects’ report; UAE supports kingdom

Saudi Arabia said that the US intelligence committee report, which believed that the crown prince was responsible for Khashoggi murder, contained “inaccurate information and conclusions”

Oman entry

Oman to suspend arrivals from 10 countries starting February 25

Those who have visited any of these 10 countries within the preceding 14 days are also banned from entering the sultanate

Air Arabia

Air Arabia Egypt to launch direct flights from Cairo to Muscat

The carrier will launch a twice-weekly service between Cairo to Muscat, starting March 11, 2021

Oman Covid-19 quarantine

Oman: Mandatory institutional self-paid quarantine for all arrivals, new Covid-19 restrictions announced

The Supreme Committee advised all citizens and residents in Oman to avoid traveling abroad, except in cases of extreme necessity

Oman Covid-19

Oman says ‘alarming’ surge in Covid-19 cases, extends land border closure indefinitely

Omani citizens will however be allowed to reenter via the land borders, provided they abide by a 7-day institutional health quarantine directive

china oman

BP sells Oman stake to Thai firm in $25bn divestment drive

The deal should help BP deliver on its goal of selling $25bn of assets by 2025

Oman extends closure of international land borders until February 8

As a precautionary measure to prevent the spread of the Covid-19 virus, Oman’s land borders will remain closed until 6pm on February 8

Oman to impose higher visa fees for employing foreign nationals

The most significant increases will apply to top/senior level, middle level and technical and specialised roles

Oman extends visa-free period for citizens of 103 countries for upto 14 days

The step is part of efforts to bolster the tourism sector of the sultanate

Power Letters 2021: Erik Dudman Nielsen, group CEO, Virgin Mobile Middle East and Africa

At Virgin Mobile, digital has always been the core of its business proposition

Oman Muscat

Oman closes land border for one week, says closure can be extended

The land border will be closed for at least a week, starting at 6pm on Monday, January 18

Oman Sultan Haitham bin Tariq

In historic move, Oman to appoint first-ever crown prince

A new Basic Law will “set up a specific and stable mechanism for the transfer of power in the sultanate”

GCC leaders convene in Saudi Arabia for summit, sign statement

The GCC summit began with a keynote address by Saudi Arabia’s Crown Prince Mohammed Bin Salman

Covid-19 update: UAE reports 1,501 cases, 1,746 recoveries and 3 deaths

The death toll in the UAE has risen to 682

Covid-19 update: UAE reports 1,590 cases, 1,609 recoveries and 5 deaths

The death toll in the UAE has risen to 679

Oman expected to add $779m in revenue from VAT this year

The country last year announced it would impose a 5 per cent VAT in an effort to bolster the economy