author - oman observer

Wholly government-owned Majan Electricity Company (MJEC), member of Nama Group, registered an unprecedented 1.6 per cent decline in peak load demand in its jurisdiction last year, reversing over 15...

An exhaustive list of fish and seafood species, spices and condiments, cereals and pastas, and dairy and cheese products are among 488 foodstuff items that have been zero-rated for Value Added Tax...

Time-bound strategy: Tax Authority warns Categories B, C and D establishments not to levy new tax ahead of time Oman’s Tax Authority has cautioned businesses and organisations not to collect...

Key trend: As of end-September 2020, as many as 13 small-scale units were in various stages of development and implementation across Majan’s licence A growing number of small scale solar...

Key challenges: ‘Regional states need to move beyond establishing targets to taking action’, says energy scholar Oman and other countries of the Middle East that find themselves on the...

Sustainable policies: Grouping cites Sultanate’s modern port and warehousing infrastructure and expertise in food security and climate change management Oman’s formal accession to the Global...

Carbon capture: Omani start-up 44.01 kicks off construction work on landmark decarbonisation plant at Khazaen Economic City @conradprabhu In a major breakthrough for the country’s nascent, but...

Promising potential: Cooperation agreement covers Agricultural Drone Technology and Expertise Exchange @conradprabhu OQ, the global integrated group of the Sultanate, is supporting an initiative...

Reversing trend: Pandemic-induced lockdowns and other economic impacts contributed to a 1.6 per cent decline in peak load demand for the first time in over 15 years @conradprabhu Wholly...

Social protection measures: The food commodities — up from 93 items originally — were part of a package of social protection measures unveiled by the government @conradprabhu An exhaustive...

Citizens and residents can expect a five per cent increase in the cost of a wide array of goods and services purchased from this Friday, April 16, 2021, as the Value Added Tax (VAT) comes into force...

As the Sultanate gears up to implement Value Added Tax (VAT) on a variety of goods and services effective from this Friday, April 16, 2021, tourists and business travellers are being assured of a...

A new food processing cluster, anchored by a flour mill, is being established in Salalah Free Zone — the latest in a series of food hubs in various stages of planning and implementation across the...

Having already secured tenants for a sizable part of Phase 1 of its sprawling development, Sohar Freezone has opened up a new phase for investment, this time with an eye on businesses that will...

International energy firm Tethys Oil says investments in its expanding portfolio of upstream Oil & Gas assets in the Sultanate are projected at around $47 million in 2021. Oman is presently the...

Oman’s merchandise exports are projected to grow several notches in 2021 boosted by a substantial uptick in international oil prices coupled with a modest increase in output, according to Fitch...

Deterrent laws: The Sultanate is a ‘pioneer’ in the region in the development of suitable legislation and regulations necessary to combat money laundering and terror financing: Executive...

Key provisons: Exemption applies only if the rental contracts are registered with the competent authorities (Muscat Municipality, for example) and if the contract duration exceeds three...

The Sultanate’s budget deficit, which amounted to RO 456.6 million by the end of February 2021, is within “controllable limits”, the Ministry of Finance (MoF) noted here on Sunday. In its...

Tariff revisions that recently came into effect for the first time for residential consumers in the Sultanate are beginning to yield results chiefly in terms of driving energy efficiency in the...