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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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Suhaimi, who became the first female chief executive of a Saudi investment bank when she took that post at NCB Capital in 2014, is one of only a few women with a top job in Saudi finance. (AFP/File)
February 20th, 2017 - 05:00 GMT

Saudi Arabia's Stock Exchange to Be Chaired by Sarah Al-Suhaimi

Revenues from corporate income tax have seen a remarkable increase in Oman. (Shutterstock)
November 6th, 2016 - 09:00 GMT

Oman gears up for tax system amendments

The bankruptcy law is one of the most important foundations of the UAE legislative system considering its role in strengthening  the investment environment for the UAE economy. (File photo)
October 26th, 2016 - 05:52 GMT

UAE's new bankruptcy law to come into effect by January 2017

Saudi bourse opened to foreign investors June 15, 2016. (AFP/File)
October 23rd, 2016 - 10:30 GMT

International demands on Saudi bonds on the up as offers increase by 2.6 percent

The target of the Ministry of Petroleum was to reduce its dues to less than $2.5bn by the end of 2015, and to repay its full dues by the end of 2016. (Daily News Egypt)
October 12th, 2016 - 10:00 GMT

Egypt's petroleum ministry debt to foreign companies rises to $3.6B

The royal decree also includes a 15 percent reduction in benefits toward a car and housing for Shoura members. (File photo)
September 27th, 2016 - 04:41 GMT

Saudi ministers' pay and perks cut as part of new austerity measures

The OMR500m mixed-use Mina Sultan Qaboos Waterfront project is close to being fully funded.   (Omangbnews.com)
August 22nd, 2016 - 07:00 GMT

Oman's tourism arm buys into eight companies

Oman's economic growth is expected to slow in 2016 and 2017 to an average of 2 per cent. (File photo)
August 8th, 2016 - 11:00 GMT

Oman economy slows as oil prices remain low

The letter between Jordan and the IMF paves the way for the $700 million Extended Fund programme. (File photo)
July 27th, 2016 - 07:00 GMT

Jordan signs $700m deal with IMF

Turkey demands resignation of every university dean in country after dismissing 15,000 education staff. (AFP/File)
July 20th, 2016 - 04:00 GMT

Turkey purges entire education sector

The group has been beset by financial and legal difficulties due to the crane accident, government cuts and a fall in oil prices. (File photo)
July 19th, 2016 - 11:00 GMT

Binladin Group requests extension on $217.8M loan repayment

The Omagine Project will have seven pearl shaped buildings, each with a different theme.  (Omantourism.gov.com)
July 14th, 2016 - 12:00 GMT

Oman's $2.5B Omagine Project targets 2024 completion

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