Muscat: A delegation chaired by Reza Rahmani, Minister of Industry, Mines and Trade of the Islamic Republic of Iran, visited on Thursday Al Rusayl Industrial City, a city that falls under Public Establishment for Industrial Estates – Madayn. The Iranian delegation was received by Eng.
Oman gets $19.6bn FDI in 2018
The sultanate received US$19.6bn as foreign direct investment (FDI), the maximum in the Arab world during 2018, a new report by the Arab Investment and Export Credit Guarantee Corporation (AIECGC) has revealed.
‘New laws to boost investment climate in Oman’
The new Foreign Capital Investment Law will open new avenues for investment in the sultanate. This law will be complemented by the Law on Partnership Between Public and Private Sectors and setting up of the Public Authority for Privatisation and Partnership.
Why is honey in Oman creating a business buzz?
In the Al-Hajar mountain chain of northern Oman, what appears to be just a pile of logs is actually an apiary of beehives. This is a centuries-old method of beekeeping which has been passed down from one generation to the next.
Duqm fishing harbour depth to be increased
Duqm: Yahya bin Said Al Jabri, Chairman of the Special Economic Zone Authority of Duqm (Sezad), announced that Sezad has decided to increase the depth of the fishing harbour to 10 metres instead of 6 metres.
Polymer manufacturing plant inaugurated
Muscat: The Sultanate’s first-ever polymer manufacturing plant has been inaugurated on Monday under the auspices of His Highness Sayyid Asaad bin Tariq Al Said, Deputy Prime Minister for International Relations and Cooperation Affairs and Personal Representative of His Majesty.
Adnoc and OCI form new strategic partnership
The Abu Dhabi National Oil Company (Adnoc) on Monday announced a new strategic partnership with OCI. OCI is a global producer and distributor of natural gas-based fertilizers and industrial chemicals, headquartered in the Netherlands. The partnership will see Adnoc combine its fertilizer business, Adnoc Fertilizers, into OCI’s Middle East and…
More tax in the Middle East: Oman joins Saudi and Qatar in introducing tax on energy and soft drinks
Similar to Qatar, it has added pork meat into the list of items to be taxed. The tax rate for tobacco, pork, alcoholic beverages and energy drinks is set at 100% while that of soft drinks is 50%, according to an announcement by Oman’s Secretariat General for Taxation (SGT).
OMR29mn project to come up at Duqm
Muscat: The establishment of the International Marine Product Company for the project of canned tuna and sardines with Omani-Gulf joint investment was disclosed in the meeting of the founding committee of the project under the chair of Dr Rashid bin Salim Al Masroori, Chairman of the Committee.
Sultanate, UK sign partnership agreement
Oman and the United Kingdom of Great Britain and Northern Ireland on Wednesday signed cooperation and partnership agreement to develop bilateral relations in various political, economic, scientific, cultural, development and technological spheres.