Construction works of the Wadi Dofia Dam Project are in the final stages and expected to be completed in a few months, according to officials tasked with supervising the project. The Wadi Dofia Dam Project at Jabal Shams in the wilayat of Al Hamra, Al Dakhiliyah Governorate is one of…
Oman goes live with 5% VAT
Published: April 16, 2021 13:05 Gulf News Web Report Country becomes fourth in GCC to introduce tax Oman has become the fourth Gulf state to implement VAT, with a flat 5 per cent being imposed on a range of goods and services from Friday, April 16. The other economies to…
Ports to secure foodstuff supply chains, connect to trade routes
13/04/2021 Oman Observer MUSCAT: Marafi Asyad Group has reaffirmed that medium-sized ports will engage with different regional trade routes to enhance direct import aimed to meet local market needs for goods and livestock during the holy month of Ramadhan.Dr Ahmed bin Mohammed al Abri, CEO of Marafi Asyad, said that…
Muscat Stock Exchange launched
11/04/2021 Oman Observer Muscat: A ceremony was held on Sunday to mark the launch of Muscat Stock Exchange (MSX), a closed joint stock company reporting to Oman Investment Authority (OIA) as stated in Royal Decree No 5/2021 promulgating the bourse. The ceremony was held under the auspices of Abdullah Salim…
Intelligent farming
09/04/2021 Liju Cherian NOW, it is a common sight to watch drones hovering over agriculture farms in the Sultanate.Drones now act as a boon to farmers working in date palms or in the farm sector.Earlier, it was an arduous task to artificially pollinate date palms in farms. The pollination is…
Duqm integrated power-water plant begins trial operations after first gas supply
05/04/2021 Oman Observer Muscat: The integrated power and water plant at the Special Economic Zone in Duqm (SEZAD) started trial output after receiving the first consignment of liquefied natural gas to operate it. The station is considered a centralized utilities facility being set up by Marafiq company at the SEZAD. It…
S&P affirms Oman’s credit rating at B +/B with stable outlook
03/04/2021 Oman Observer WASHINGTON: The Standard and Poors (S&P) Global Ratings have affirmed the Sultanate’s credit rating at “B + / B” with a stable outlook.The international credit rating agency expects the economic and fiscal pressure on the Sultanate to recede noting that the fiscal measures taken by the Sultanate’s…
Oman, China ink cooperation programme
29/03/2021 Oman Observer Muscat: The Sultanate and the People’s Republic of China signed an executive programme of cooperation in media, health and cultural fields for the years 2020-2024. The signing ceremony was held at the Foreign Ministry on Monday. The programme was signed by Shaikh Khalifa Ali al Harthy, Undersecretary…
Oman, China hold political talks
29/03/2021 Oman Observer Muscat: A session of political discussions was held at the Foreign Ministry on Monday by the governments of the Sultanate and the People’s Republic of China. The Omani side was headed by Sayyid Badr Hamad al Busaidi, Foreign Minister while Wang Yi, State Councilor and Foreign Minister…
French port to extend ship repair and land management expertise to Duqm fisheries hub
Leading French fisheries port operator SEM Lorient Keroman says it is committed to sharing its vaunted expertise in fishing, ship repair and land management in the development of an integrated fisheries hub at the Special Economic Zone (SEZ) in Duqm. French port to extend ship repair and land management expertise…