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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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Out of 148 countries, the World Economic Forum’s Global Competitive Index ranked Lebanon as the worst nation in the world on the quality of its electricity supply.
October 7th, 2013 - 11:42 GMT

Economic review of the ME: Who's growing and who's going downhill?

Excluding foreign grants, the budget deficit would be JD842.6 million during the first seven months of 2013, compared with JD658.4 in the same period last year, the ministry indicated.
October 1st, 2013 - 08:13 GMT

Jordan's indebtedness at almost 75% of GDP

For the first time since the start of the blockade, Israel agreed to let around 70 truckloads of construction materials daily into, however, this is not nearly enough to offset the losses from the closed tunnels.
September 30th, 2013 - 08:32 GMT

No revenues at the end of the tunnel: Hamas' deep economic crisis

“Remittances are key for expats in the UAE. A lot of them come here to support families back home,” said one commercial banker.
September 29th, 2013 - 04:30 GMT

UAE considering being stingy on worker remittances

Sunday’s surge came amid report that investment by Gulf states in the UAE stock market surged almost 40 per cent in 2012 to $2 billion in shares.
September 16th, 2013 - 09:07 GMT

GCC stocks rallying thanks to Syria deal!

This easier financing picture, coupled with market appetite for laggards and the high yields on Egyptian assets, has likely been the driving force behind recent market price action (Pictured: Egypt's stock exchange).
September 15th, 2013 - 12:38 GMT

It's been a while: how's Egypt's economy doing?

The Lebanese government has recently relaxed its enforcing of anti-drug laws regarding Hashish, the "blessed plant" (sarra22/Shutterstock)
September 15th, 2013 - 07:37 GMT

The 'blessed plant': The difficulties of growing cannabis in Lebanon

According to statistics, only 15 per cent of working Omanis are getting paid more than OMR5,000 a month.
September 15th, 2013 - 06:36 GMT

The poor getting poorer in Oman

Total public revenue fell 1.5 per cent during the five-month period to RO6bn from RO6.1bn in the same period last year
July 28th, 2013 - 09:10 GMT

Oman reports budget deficit for first half of 2013

Dubai night skyline (Source: Wikimedia Commons)
July 8th, 2013 - 06:52 GMT

New appointee at Emirates National Bank Dubai

The bilateral trade between India and UAE stood at $180 million per annum in the 1970s but today it is close to $75 billion
July 4th, 2013 - 05:37 GMT

UAE-India looking to increase trade partnerships

If Hamdi moved to Egypt from Libya for an easier life, it has not panned out that way as of late.
June 19th, 2013 - 11:31 GMT

Libyan heartthrob Hamid Al Shaeri pleads innocence

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