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Oman plans to impose personal income tax, a first among Gulf states

Oman plans to impose personal income tax, a first among Gulf states

DUBAI, United Arab Emirates (AP) — Oman has rolled out plans to levy personal income tax as part of a broader push to move the sultanate’s economy away from reliance on hydrocarbons, the official Oman News Agency said Sunday. The move, issued by...

Oman growing as an international hub for higher education" British report

Oman growing as an international hub for higher education" British report

Muscat: British institution Quacquarelli Symonds (QS) unveiled on Monday in Muscat the contents of its new global report, Advanced Capabilities of Higher Education in the Sultanate of Oman, highlighting Oman’s growing role as an international hub...

From 2028, top earners in Oman will face 5% income tax

From 2028, top earners in Oman will face 5% income tax

Oman is set to introduce a personal income tax as part of its strategy to reduce dependency on hydrocarbon revenues From 2028, a five percent rate will apply to individuals earning over US$109,000 annually, representing the top one percent of...

Oman Investment Authority adds 13 new funds to PE portfolio

Oman Investment Authority adds 13 new funds to PE portfolio

The $53-billion Oman Investment Authority (OIA) backed 13 investment funds last year, including those managed by Asian general partners such as Hahn & Co, Creador, and eWTP Capital, the sovereign wealth fund said in its 2024 annual report. Other...

Audi Oman Launches Audi Approved Plus Summer Campaign

Audi Oman Launches Audi Approved Plus Summer Campaign

(MENAFN- Prime Advertising LLC) Audi Oman, represented by Premium Motors, has launched an exciting new Audi Approved Plus Summer Campaign, offering a limited-time opportunity to enjoy the hallmark luxury, performance, and engineering of Audi at...

Oman: Turning a seasonal surge into year-round SME growth

Oman: Turning a seasonal surge into year-round SME growth

Each year, as the summer monsoon cloaks Dhofar in mist and greenery, the governorate emerges as one of Oman’s most iconic seasonal attractions. The Khareef, a three-month period stretching from June to September, transforms the southern landscape...

Oman: OIA posts $4bln profit, ramps up local investment

Oman: OIA posts $4bln profit, ramps up local investment

Muscat – Oman Investment Authority (OIA) has reported strong financial results for 2024, announcing that its assets now exceed RO20bn, with annual profits reaching RO1.585bn. In line with its commitment to fiscal support, OIA injected RO800mn into...

Oman: Mining concession awarded for sea salt production project

MUSCAT - The Ministry of Energy and Minerals signed on Sunday, June 22, 2025, a mining concession agreement with Integrated Global Engineering Company to develop natural salt production in Concession Area I-51, located in Al Wusta Governorate. The...

Earth to reach its aphelion in Oman skies on Thursday

Earth to reach its aphelion in Oman skies on Thursday

Muscat: The skies of the Sultanate of Oman will show a unique annual astronomical phenomenon today, as the sun reaches aphelion (farthest point from the Sun) at 11:55 p.m, according to Oman Society of Astronomy and Space (OSAS). By Oman time, this...

FM praises strong ties between Egypt, Oman

FM praises strong ties between Egypt, Oman

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty has affirmed the depth of cooperation between Egypt and the Sultanate of Oman. This came during a joint press conference held Tuesday, July 1, 2025, with Omani Foreign...

Earth to reach farthest point from sun tomorrow, says Oman Society for Astronomy and Space

Earth to reach farthest point from sun tomorrow, says Oman Society for Astronomy and Space

MUSCAT – “On Thursday, July 3, 2025, at 11:55 PM (Oman local time), Earth will reach its aphelion-the point in its orbit where it is farthest from the Sun, at a distance of approximately 152 million kilometres,” stated the announcement from OSAS....

Oman welcomes Khareef Dhofar 2025 with a rich array of events

Oman welcomes Khareef Dhofar 2025 with a rich array of events

Salalah: Astronomically, the Khareef (monsoon) season in Dhofar began on Saturday, June 21, 2025 the most anticipated annual event that affects Dhofar’s coastal regions from Dhalkut in the west to Mirbat in the east. Triggered by seasonal monsoon...

Bahrain Gets Digital Boost as Oman Tech Giant Expands Reach

TDT| Manama Email: mail@newsofbahrain.com A major tech breakthrough for Bahrain’s consumer market is on the horizon, with the announcement that MHD-ITICS, a leading technology division under Oman’s Mohsin Haider Darwish Group, will expand its...

Scientists detect Earth’s first ‘ghost plume’ deep beneath Oman

Scientists detect Earth’s first ‘ghost plume’ deep beneath Oman

MUSCAT: A team of international scientists has discovered what they believe is the first confirmed "ghost plume" — a hidden column of superheated rock rising from deep within the Earth’s interior — beneath the eastern region of Oman. Unlike most...

Market value of Oman’s wheat production exceeds RO 3 million

Market value of Oman’s wheat production exceeds RO 3 million

MUSCAT – This initiative falls within national efforts to enhance food security and achieve self-sufficiency in staple grains. The ministry clarified that the total production for the 2024-2025 season reached 10,128.341 tons, with a market value...

The evolving face of Oman's fisheries sector

The evolving face of Oman's fisheries sector

Oman’s fisheries industry, a pillar of the country’s economic diversification efforts, stands at a strategic crossroads, balancing the preservation of its traditional artisanal sector with ambitions to modernize and expand its industrial and...

Oman Investment Authority’s Assets Surpass RO20bn with Profits Exceeding RO1.5bn in 2024

Oman Investment Authority’s Assets Surpass RO20bn with Profits Exceeding RO1.5bn in 2024

As part of its ongoing growth trajectory across its investment portfolios, Oman Investment Authority (OIA) unveiled its 2024 financial results. The report highlighted a rise in its assets to over RO20bn, with profits reaching RO1.585bn....

Research project explores the role of aflaj in Omani tribal society

Research project explores the role of aflaj in Omani tribal society

Muscat: For a research project the role of falaj water management systems in shaping social cohesion and economic sustainability within Omani tribal communities is being studied, according to Dr. Majid Labbaf Khaneiki, Assistant Professor and...

Oman LNG signs agreement for methanation pilot plant Pre-FEED, commercial concept study

Oman LNG signs agreement for methanation pilot plant Pre-FEED, commercial concept study

Muscat: Oman LNG has signed an agreement with Kanadevia Corporation to conduct a Pre-FEED (Front-End Engineering Design) for a methanation pilot plant and a comprehensive Concept Study for a future commercial-scale facility. This partnership...

Hamood al Alawi appointed Oman Air’s Deputy CEO

Hamood al Alawi appointed Oman Air’s Deputy CEO

Muscat – Oman Air has announced the appointment of Hamood bin Musbah al Alawi as Deputy Chief Executive Officer. This strategic appointment marks a significant step in the airline’s transformation journey and underscores its commitment to building...

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