Oman: Tax Authority postpones nationwide digital tax stamp rollout to Jan 2026

Muscat – The Tax Authority has announced a revised timeline for the nationwide implementation of the Digital Tax Stamp system, confirming that the local mandatory date for phase three of the initiative has been postponed to January 1, 2026. The...

Oman: $259.8mln investment in 36 projects to drive tourism

Muscat – Ministry of Heritage and Tourism (MHT) has signed 36 usufruct contracts with investors to develop tourism projects valued at RO100mn across several governorates. The agreements were concluded between January and September 2025. The...

BRICS+ Series: Why Gulf Central Banks Follow the Fed’s Cut

In the United Arab Emirates, the Central Bank of the UAE (CBUAE) lowered its base rate on the overnight deposit facility by 25 bps to 3.90 per cent, easing from 4.15%. The move takes effect immediately and marks the second rate cut of the year for...

11 student projects across Oman chosen for startup conversion program

MUSCAT : The Ministry of Higher Education, Research and Innovation announced that eleven student projects from higher education institutions across the Sultanate of Oman have been selected as winners in the eighth edition of the “Upgrade”...

Unimoni Oman Integrates MoneyGram for Faster Digital Cross-Border Transfers

Muscat – Unimoni Exchange Oman, a prominent player in the remittance and foreign exchange sector, has announced a partnership with MoneyGram, a leading global payments network for consumers, businesses and communities. The strategic initiative...

Travelling with cash or gold? Oman Customs clarifies RO 6,000 declaration rule

MUSCAT : The Guiding Manual for Cash Declaration by Oman Customs reminds travellers and businesses about the legal requirement to declare cash, negotiable bearer instruments, and gold when entering, leaving, or transiting through the Sultanate....

NYK and Port of Duqm Company Sign Memorandum of Understanding to Collaborate on Development and Connectivity of Duqm Port in Oman

On October 27, Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company (PODC), which oversees port management and terminal operations in Oman, signed a comprehensive memorandum of understanding (MOU) at Duqm Economic Forum 2025* to...

Oman rolls out new labour reforms: Longer licenses, fee cuts announced

Image credit: Oman News Agency The Ministry of Labor in Oman has issued Ministerial Decision No. 602/2025, introducing a comprehensive new regulatory framework for work licenses and practice permits. The decision brings substantial incentives, fee...

Pakistan, Oman discuss bilateral relations, easing of visa conditions

Muscat: Federal Minister for Interior and Narcotics Control Syed Mohsin Raza Naqvi visited Muscat on Thursday, where he held a meeting with Oman’s Minister of the Royal Office, General Sultan bin Mohammad Al Nu’amani, according to a statement...

Central Bank of Oman lower repo rate for local banks by 25bps

Muscat: The Central Bank of Oman (CBO) has decreased its Repurchase Agreement rate (repo) for local banks, effective from Thursday, by 25 basis points (0.25%) to 4.50%. The CBO’s monetary policy aims at maintaining its fixed exchange rate, which...

Türkiye still in talks for Eurofighters from Qatar, Oman after UK deal

Turkish officials said on Thursday that talks were continuing with Qatar and Oman on procuring Eurofighter Typhoon fighters following a deal sealed with the U.K. on Monday to buy 20 of the jets. The deal between NATO allies Türkiye and the U.K....

Oman delegation concludes visit to Canton Fair, Calls for stronger trade ties with China

GUANGZHOU : A high-level delegation from the Oman Chamber of Commerce and Industry (OCCI), accompanied by a select group of Omani business leaders, has concluded its official visit to the People’s Republic of China. The mission included...

Omani women's entrepreneurship goes international

Muscat: The Oman-Uzbekistan Business Women Forum in Tashkent organised a meeting recently that combined inspiration, positive energy and real opportunities for female entrepreneurs from both countries. Dr Siham al Harthy, Chairperson of OCCI's...

AM Best affirms GIG Gulf’s financial strength rating of A (Excellent) for 5th Consecutive Year

TDT | Manama Email: mail@newsofbahrain.com GIG Gulf, part of Gulf Insurance Group K.S.C.P., yesterday announced that AM Best has affirmed its Financial Strength Rating (FSR) of A (Excellent)and Long-Term Issuer Credit Rating (ICR) of “a+”...

Explained: Oman customs issues comprehensive rules for cash declarations at borders to curb money laundering

Traveler declares cash exceeding RO6,000 at Oman Customs under new anti-money-laundering regulations/Representative Image Oman Customs has introduced detailed guidelines for travelers carrying cash or bearer-negotiable instruments across its...

WCO showcases Oman’s ‘Bayan’ platform as blueprint for single-window customs modernization

MUSCAT – The Sultanate of Oman continues to strengthen its position as a regional leader in digital trade facilitation with the success of Bayan, the country’s national single-window customs system that has transformed border clearance operations...

Do you know how much cash you can carry while entering, exiting Oman?

Muscat : The Oman Customs has issued a new guideline for disclosing the need for persons carrying cash or bearing negotiable instruments across the Sultanate of Oman borders, to prevent money laundering and terror funding. As per the notification,...

Central Bank of Oman warns against fake job scams on WhatsApp

Oman underscores regional cooperation at ECO interior ministers’ meeting

Tehran, Iran – The Sultanate of Oman on Tuesday participated as a guest of honour in the fourth meeting of the Interior Ministers of the Economic Cooperation Organization (ECO), inaugurated by Masoud Pezeshkian, President of the Islamic Republic...

Oman achieves major efficiency gains in government projects

Muscat – Oman’s Projects, Tenders and Local Content Authority on Tuesday announced significant performance improvements across the sultanate’s government projects sector during 2024 and the first half of 2025. Key achievements include a 43%...