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OMANI RIAL
Oman extends foreign residency card validity to 10 yearsOman has significantly extended the validity of foreign residency cards to ten years, a substantial increase from the previous three-year l...- Oman becomes first Gulf state to launch income tax in bid to reduce oil dependenceOman will introduce a 5% income tax in 2028 on high earners, becoming the first Gulf state to do so. The tax targets individuals with annua...
- Iran says talks with US to focus solely on nuclear issue, lifting sanctionsIndirect talks between Iran and the US, mediated by Oman, are set to continue, focusing solely on nuclear issues and sanctions relief. This...
- Bank of Baroda to sell Oman operation to Bank DhofarBank of Baroda announces plans to sell its Oman operations to Bank Dhofar as part of its strategy to streamline foreign operations. This mo...
- Qatar's Commercial Bank to up stake in National Bank of Oman to 50.1%The deal will boost Commercial Bank's stake in the Omani lender to over 50%, keeping it as the biggest shareholder ahead of the government ...
- Oman expects public debt to top $56 billion by end-2021: DocumentOman expects a 2021 budget deficit of 2.24 billion rials as public spending of 10.88 billion tops revenue of 8.64 billion, the finance mini...
- Oman to start cutting utility subsidies in JanuaryThe plan, along with labour laws, privatisations and new taxation, is aimed at reducing a yawning fiscal deficit expected to come to 10% of...
- Oman to introduce 5% VAT in six months' time"The implementation of the #ValueAddedTax came to ensure the sultanate's financial sustainability, enhance its competitiveness, and reaffir...
- Tata Steel signs agreement to sell stake in Al Rimal MiningUnder the agreement Tanmia, a closely held joint stock company incorporated in Oman, will be inducted into Al Rimal Mining as a shareholder.
- Oman to grant visa on arrival to Indians who have a valid visa of US, UK, Canada, Australia, Schengen or JapanHowever, to avail of this, visa applicants must ensure things like their passport is valid for not less than six months and that they have ...
- Oman oil minister criticises OPEC policy on prices, market shareOman is a small non-OPEC oil exporter which lacks the huge financial reserves that its Gulf neighbours can use to ride out low energy price...
- Dollar not alone, rupee breaches key levels against GBP, euro and Swiss francAn analysis of foreign exchange rates across the world shows that Kuwaiti dinar is the most expensive against the rupee at current level of...
- Gulf Indians warned not to carry home more than Rs 7500According to the statement, only Indian residents are allowed to carry up to Rs 7,500 in Indian currency per person when travelling abroad.
- Xpress Money lowers money transfer fees from Oman to IndiaXpress Money on Monday announced a flat fee of 1.70 Omani Rial (OMR) for remittances of any denominations to India during the Holy month of...
- Weak Rupee prompts NRIs to invest in local marketWeak currency in their home country has prompted Indian expatriates living in the Gulf to borrow and invest in domestic equities.
- Rupee design could spawn a new businessHoping for some stimulus from the Ministry of Finance (MoF)? Sorry, can't help with all that, but how about settling for a special currency...
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