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Ministry of Finance

Ministry of Finance latest

Oman’s total revenue in 2018 equalled OMR10.949 billion in 2018, while the total expenditure - how much the state has spent during the year - totalled OMR 13.599 billion.
September 23rd, 2019 - 11:46 GMT

Corporate Income Tax Collection Soars in Oman

Oman collected almost OMR100 million more in corporate income tax in 2018 than it did in 2017, according to the country’s final accounts report for last year. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-0…","video_id":"0f1dfe4b-ef8a-48b8-9604-07009c97ae63","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"The Worst 10 Destinations for Expats"} The report, which was released in a ministerial decision from the Ministry of Finance yesterday, showed that Oman had collected OMR 463,112,782 in corporate income tax in 2018, compared to 366,487165 in 2017 and 388,634,659 in 2017 ...
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Egypt's doctors previously went on strike in March 2013 as well (Courtesy of Ahram Online)
January 9th, 2014 - 01:00 GMT

Why are Egypt's doctors on strike?

 Key challenges facing investors include excessive bureaucracy, lack of government spending on developmental projects due to legal and political complications,
December 30th, 2013 - 04:20 GMT

The political power struggle eclipsing Kuwait's development hopes

According to Fahmy, the government had to turn to cash in the banks as the country was in a critical situation and the banking sector could help.
December 29th, 2013 - 07:54 GMT

Banking on Egypt's future: why banks loans to the government are a secure investment

Rising construction costs in Qatar are of concern. (Image credit: Shutterstock)
December 26th, 2013 - 10:28 GMT

Why Dubai's Expo 2020 win is bad for Qatar

The initiatives are: Setting up of a Higher Workforce Authority to effectively implement the Saudization drive, making available more government schemes, and the launching of a national program to improve workplace environment.
December 11th, 2013 - 09:17 GMT

Getting it together? Probably not: Saudi Arabia introduces three new Saudization initiatives

The Lower House Financial Committee will request the government to downsize the 2014 state budget draft law, head of the committee said Saturday.
December 8th, 2013 - 03:55 GMT

Jordan's government to be asked to trim down for the new year

Saudi aid will help boost Egyptian construction, tourism and investment sectors. (Image credit: Shutterstock)
December 2nd, 2013 - 07:46 GMT

Saudi signs $5 billion aid deal to boost Egyptian economy

Eypt is safe from risks of rising external debt levels and the current debt size poses no threats, said Deputy Prime Minister and Minister of International Cooperation Ziad Bahaa El-Din in a press conference on Sunday.
November 18th, 2013 - 06:08 GMT

Sensible or delusional? Egypt's external debt 'not a threat'- deputy PM

Qatar's Ministry of Finance hopes the new borrowing rules will prevent spending splurges that could lead to a nationwide economic crisis similar to Dubai's 2009-2010 crash (Courtesy of Global Arab Network)
November 5th, 2013 - 03:01 GMT

Attention all Qatari companies with 'significant' government shareholdings: these new borrowing rules are for you

Before the growth of the SADAD system, many individuals paid a huge percentage of their bills in cash at bank branches. The electronic billing system has cut down the government's losses from using a manual, cash-based system (Courtesy of Saudi Lifestyle)
November 4th, 2013 - 07:32 GMT

Saudi Arabia's electronic bill payment system SADAD ranked second largest globally

The Central Bank of Jordan (CBJ) has decided to reduce the interest rates on key monetary policy tools by 25 basis points (0.25 per cent) from Tuesday signaling lower rates at commercial banks.
October 22nd, 2013 - 11:06 GMT

In light of high confidence and large foreign deposits, Jordan's Central Bank lowers interest rates

Oil-rich Arab states Saudi Arabia and the United Arab Emirates are keen on delivering petroleum products to the Egyptian government as scheduled.
October 21st, 2013 - 10:47 GMT

No fuel, no problem: Egypt's covered

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