Zero-VAT on transportation of goods in special zones

27/04/2021 Oman Observer The Public Authority for Special Economic Zones and Free Zones (OPAZ) announced that the Special Economic Zone at Duqm (SEZAD) and the free zones in Salalah, Sohar, and Al Mazunah are classified as (Special Zones) in accordance with the provisions of Article (102) of the Executive Regulations…

read more

Small-scale solar systems proliferate in Majan licence

26/04/2021 Oman Observer Key trend: As of end-September 2020, as many as 13 small-scale units were in various stages of development and implementation across Majan’s licence A growing number of small scale solar photovoltaic (PV) based renewable energy plants are currently in operation in the jurisdiction of Majan Electricity Company…

read more

Oman joins Global Dryland Alliance ‬

22/04/2021 Oman Observer ‪DOHA: The Sultanate has signed the document of joining the Global Dryland Alliance (GDA) headquartered in the Qatari capital, Doha.‬‪The GDA document was signed by Najeeb bin Yahya al Balushi, Oman’s Ambassador to Qatar, who highlighted the Sultanate’s efforts to achieve food and water security.‬Oman joining the…

read more

New dam in Al Hamra to mitigate water crisis

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…

read more

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…

read more

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…

read more

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…

read more