A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
ConnsectThe Ministry of Commerce, Industry, and Investment Promotion of Oman has reported a remarkable 97.2% increase in new commercial records for the first quarter of 2024. According to the ministry, the number of commercial records registered across Oman’s…
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In a significant development for Oman's fiscal landscape, the Shura Council has recently advanced the draft law on Personal Income Tax (PIT) to the State Council, paving the way for its potential implementation. This move marks a crucial…
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Sultan Haitham bin Tariq of Oman has conveyed his condolences and sympathy to President Droupadi Murmu of India following the tragic crowd incident in the state of Uttar Pradesh. In his message, Sultan Haitham bin Tariq expressed his…
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Spa-Francorchamps, Belgium - July 2, 2024 - OQ by Oman Racing's hopes of a podium finish at the Spa 24 Hours in Belgium were dashed in the final hour when their BMW M4 GT3 suffered a technical issue.…
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The Sultanate of Oman has steadily and reliably established its position as a significant and dependable player in the global LNG (liquefied natural gas) market. According to the reputable International Gas Union (IGU) report titled "2024 World LNG…
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Sunday, July 7, 2024, has been declared an official holiday for employees of the public and private sectors on the occasion of the Holy Prophet’s Hijra Anniversary and the advent of the new Hijri year 1446 AH. The…
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Grundfos, a global leader in advanced pump solutions and water technologies, today announced the availability of its groundbreaking SE/SL Range 56 wastewater pump across the Middle East and Africa region. Launched globally in early 2023, the SE/SL 56…
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The Muscat Stock Exchange General Index "Muscat 30" ended its June trading session with a decline of 3.27%, closing at 4,687.26 points, losing 158.47 points compared to its level at the end of May. The total market value…
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Salalah Port has completed its expansion plan aimed at increasing its container handling capacity from 5 million to 6 million TEUs annually, with the arrival of the final four large cranes. Reduction in Ship Dwell Time Scott Salman,…
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Inflation in Oman has remained within the targeted range of the Tenth Five-Year Plan this year. This means that prices have not changed much and have been kept under control. According to reports, the inflation rate in 2023…
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