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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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Of total SWF assets around the world, $4.9 trillion comes from oil and gas. (File photo)
July 14th, 2016 - 10:14 GMT

The world's top ten biggest sovereign wealth funds

The Kingdom's credit rating by Moody's is currently  B1 stable.
June 29th, 2016 - 10:00 GMT

Jordan's new IMF program will give positive outlook on credit rating: Moody's

Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)
June 29th, 2016 - 05:00 GMT

Bahrain ratings suffer downgrade to junk status by Fitch

The UAE is set to be the first GCC country to introduce VAT in 2018 and is expecting to generate around Dhs 10bn to Dhs 12bn in revenues in its first year of implementation. (Shutterstock)
June 19th, 2016 - 06:00 GMT

UAE lays out first phase of corporate VAT policy

The development plan approved in December 2015 plan would increase funding for housing, education, employment of Arab women, infrastructure, welfare services and public transport in Arab localities. (AFP/File)
June 15th, 2016 - 10:00 GMT

Israel downplays delay in $645M Arab budget allocation

The ministry seeks to produce 20 percent of new and renewable energy of the total national electricity grid by 2020. (File photo)
May 30th, 2016 - 10:59 GMT

Egypt partners with GDF Suez, Toyota and Orascom for wind power plant

The cabinet is seeking to create conditions that will help enhance trust, expedite investments and encourage additional investments in the gas sector, including the entry of new investors. (File photo)
May 23rd, 2016 - 04:09 GMT

Israeli cabinet approves new natural gas development plan

Watchdog group Peace Now revealed that the Israeli government had facilitated the illegal transfer of land belonging to the Abu Taah family in East Jerusalem. (File photo)
May 9th, 2016 - 04:00 GMT

Watchdog: Settlement construction to begin on seized East Jerusalem land


The assistance to the families, in the form of land, villas, apartments or financing, will be extended over a year starting on May 8. (File photo)
May 2nd, 2016 - 07:00 GMT

Saudi Vision 2030: Homes for 100,000 low-income families to be built within the year

The disparity in bonuses and benefits being paid to various employees, created discrimination and dissatisfaction among employees. (File photo)
April 27th, 2016 - 10:00 GMT

Oman cracks down on 'disparate' public sector employee perks

The agreement aims to enhance the economic and trade relations between the two countries, and protect companies and individuals from direct or indirect double taxation. (Shutterstock/ISchmidt)
April 14th, 2016 - 05:00 GMT

UAE, UK sign treaty to end double taxation

Funding for Gaza’s fuel taxes were cut by nearly 50 percent. (File photo)
March 29th, 2016 - 01:00 GMT

Unpaid bills leave Gaza in the dark

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