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Oman: Oman VAT Registration Guide - Nexdigm Private Limited

The Oman tax authorities have recently released ‘VAT Registration Guide (Transitional Period)', that explains the registration requirements for businesses and individuals.
Tags: News, Oman


Former West Indies player Narsingh Deonarine part of USA training camp

Thirty-seven year old is part of an extended squad picked to train for a series in Oman in March
Tags: Usa, Sport, Cricket, Oman, West Indies, Narsingh Deonarine


#Oman Picks State Street Saudi Chairwoman to Head Oil Company - Bloomberg

Oman Picks State Street Saudi Chairwoman to Head Oil Company - Bloomberg Oman’s government named Haifa Al Khaifi as head of a new company that controls the country’s biggest oil block, a rare appointment for a woman in a male-dominated sector in the Middle East.Al Khaifi will be chief executive officer of Energy Development Oman, which ultimately owns the sultanate’s 60% stake in Block 6, a huge field capable of producing around 650,000 barrels of crude each day.She joins from Petroleum Developm...
Tags: Travel, Boston, Bloomberg, Oman, Persian Gulf, JPMorgan Chase Co, State Street Corp, Rupert Neil Bumfrey, Energy Development Oman, Petroleum Development Oman LLC, Head Oil Company Bloomberg, Head Oil Company Bloomberg Oman, Haifa Al Khaifi, Middle East Al Khaifi, Al Khaifi


Oman: VAT In Oman - Nexdigm Private Limited

With VAT implementation less than six months away post the publication of the VAT Law in the Official Gazette on 18 October 2020...
Tags: News, Oman


#Oman's new parliament law shrouds budget talks in secrecy | Reuters

Oman's new parliament law shrouds budget talks in secrecy | Reuters Oman has introduced a new law for parliament stipulating that state budget talks and the questioning of ministers should be carried out in secret, reducing transparency as the indebted state tries to tackle its creaking finances and shore up the economy.Since assuming power a year ago, Sultan Haitham bin Tariq al-Said has overhauled government and state entities and begun pushing through sensitive fiscal reforms such as reductio...
Tags: Travel, Oman, Reuters, Reuters Oman, Rupert Neil Bumfrey, Haitham bin Tariq al Said, Council of Oman


Most Mideast Equity Gauges Fall as Earnings Roll In: Inside EM - Bloomberg

Most Mideast Equity Gauges Fall as Earnings Roll In: Inside EM - Bloomberg Qatar stocks led losses in the Middle East as companies started reporting results across the region.Profitability for lenders in the Gulf Arab region remains under pressure, with disruptions to trade and travel continuing to rattle the energy-rich region. Qatar National Bank QPSC, the Middle East’s biggest lender, reported last week a 16% drop in net income for 2020. Some banks in Oman also published results that showed a...
Tags: Travel, Bloomberg, Egypt, Middle East, United Arab Emirates, Dubai, Oman, Abu Dhabi, Kuwait, Doha, Riyadh, Bloomberg Intelligence, Gulf Arab, National Bank, Rupert Neil Bumfrey, Oza


#Dubai Stocks Fall Most in Mideast as Earnings Roll In: Inside EM - Bloomberg

Dubai Stocks Fall Most in Mideast as Earnings Roll In: Inside EM - Bloomberg Dubai stocks led losses in the Middle East as companies started reporting results across the region and the number of coronavirus cases surged.Profitability for lenders in the Gulf Arab region remains under pressure, with disruptions to trade and travel continuing to rattle the energy-rich region. Qatar National Bank QPSC, the Middle East’s biggest lender, reported last week a 16% drop in net income for 2020. Some banks...
Tags: Travel, Qatar, Bloomberg, Middle East, United Arab Emirates, Dubai, Oman, Abu Dhabi, Riyadh, Mideast, Gulf Arab, Rupert Neil Bumfrey, Oza, Aldar Properties PJSC, Emirates NBD PJSC, Qatar National Bank QPSC


#Oman Prices Third Bond Sale Since October to Plug Deficit - Bloomberg

Oman Prices Third Bond Sale Since October to Plug Deficit - Bloomberg Oman returned to the debt market for the third time in less than three months, taking advantage of investors’ appetite for yield to help plug the Gulf Arab region’s widest budget deficit.The largest oil exporter outside of OPEC sold $3.25 billion in a three-part debt offering. Oman priced $1.75 billion in 10-year notes at a yield of 6.25%, according to people familiar with the matter, compared with an initial price targ...
Tags: Travel, Opec, Bloomberg, Oman, Rupert Neil Bumfrey, Bloomberg Oman


#Oman back to debt markets with multi-tranche dollar bond offering | Reuters

Oman back to debt markets with multi-tranche dollar bond offering | Reuters Oman started selling U.S. dollar-denominated multi-tranche bonds on Thursday, a document showed, as the debt-burdened Gulf oil producer seeks fresh funding to cover a large fiscal shortfall.Oman is selling bonds with maturities of 10 and 30 years, and it re-opened $750 million bonds due in 2025, according to a document issued by one of the banks leading the deal and seen by Reuters.Oman, rated below investment grade by a...
Tags: Travel, Oman, Gulf, Reuters, Reuters Oman, Rupert Neil Bumfrey


Dunne and Sharvin land Saudi International invitations

Takumi Kanaya of Japan (above), Akshay Bhatia, Paul Dunne, Harry Hall, Shergo Kurdi, Eduard Rousaud Sabate and Cormac Sharvin receive coveted invites for the Saudi International next month. Photo by Harry How/Getty Images) Paul Dunne and Cormac Sharvin will tee it up on invitations in next month's Saudi International powered by Softbank Investment Ad...
Tags: Japan, England, Saudi Arabia, Kingdom, Softbank, America, Spain, Sport, GCC, Middle East, Graeme Mcdowell, Golf, Phil Mickelson, Sergio Garcia, European Tour, Oman


MIDEAST DEBT- #Oman raising up to $2 bln loan with mostly regional banks - sources | Reuters

MIDEAST DEBT-Oman raising up to $2 bln loan with mostly regional banks - sources | Reuters Oman is looking to raise up to $2 billion with a loan arranged mostly by local and regional lenders, as international banks tread carefully due to the deterioration of its credit profile, sources said.Oman started talks with banks for a new loan of at least $1 billion in November, sources told Reuters at the time, as it geared up for heavy debt redemptions.It is now working with a group of banks to raise a...
Tags: Travel, Oman, Reuters, Reuters Oman, Rupert Neil Bumfrey, Bank Dhofar


2021 Budget first step in delivery of #Oman 2040 Vision | ZAWYA MENA Edition

2021 Budget first step in delivery of Oman 2040 Vision | ZAWYA MENA Edition Oman’s 2021 General Budget, replete with bold but judicious measures to drive fiscal sustainability amid a severe economic crunch, sets the tone for the implementation of the road map for achieving the country’s long-term growth objectives enshrined in the Oman 2040 Vision blueprint.According to a key Muscat-based tax expert, the Budget also has the potential to put the Omani economy, weighed down by low oil prices and t...
Tags: Travel, Budget, Oman, Muscat, Joshi, Rupert Neil Bumfrey, MENA Edition Oman, General Budget, Alkesh Joshi, MENA Energy Tax Leader


#Oman turns stock exchange into closed joint stock company | Reuters

Oman turns stock exchange into closed joint stock company | Reuters Oman’s stock market, the Muscat Securities Market, has been converted into a closed joint stock company and put under the ownership of the state-owned Oman Investment Authority, state media said on Wednesday.It will be called the Muscat Stock Exchange and all assets and employees of the Muscat Securities Market will be transferred to that new entity, Oman news Agency said.Oman established the Oman Investment Authority in June to...
Tags: Travel, Oman, Reuters Oman, Rupert Neil Bumfrey, Oman News Agency, Oman Investment Authority, Muscat Securities Market, | Reuters, Muscat Stock Exchange


#Saudi gets a partial brand detox with #Qatar thaw – Breakingviews

Saudi gets a partial brand detox with Qatar thaw – Breakingviews Mohammed bin Salman has done himself a favour. Nearly four years after Saudi Arabia’s crown prince led the United Arab Emirates, Bahrain and Egypt to blockade Qatar, the two sides have buried the hatchet. It pushes the kingdom towards a timely brand detox.The quartet’s June 2017 gambit was certainly aggressive. Emboldened by U.S. President Donald Trump’s support, MbS and friends cut Qatar’s air and trade routes. Doha’s imports prom...
Tags: Travel, Saudi Arabia, Russia, Qatar, Turkey, Iran, Egypt, Dubai, Oman, International Monetary Fund, Biden, Yemen, Donald Trump, Muslim Brotherhood, Doha, Trump


Climate change caused mangrove collapse in Oman

Most of the mangrove forests on the coasts of Oman disappeared about 6,000 years ago. Until now, the reason for this was not entirely clear. A current study now sheds light on this: It indicates that the collapse of coastal ecosystems was caused by climatic changes. The results are published in the journal Quaternary Research.
Tags: Science, Oman


#UAE Stocks Rise Most in Mideast, Track Global Peers: Inside EM - Bloomberg

UAE Stocks Rise Most in Mideast, Track Global Peers: Inside EM - Bloomberg Benchmark indexes in the United Arab Emirates climbed the most in the Middle East, tracking global stock rallies on optimism surrounding the rollout of coronavirus vaccines.Indexes in Oman and Israel also rose, while the main gauges in Egypt and Qatar were unchanged. The Tadawul All Share Index in Riyadh dropped the most in the region, with 20 out of its 21 sectors declining. Markets in Kuwait and Bahrain were closed for ...
Tags: Travel, Israel, Qatar, Bloomberg, Egypt, Middle East, United Arab Emirates, Oman, Abu Dhabi, Bahrain, Kuwait, Uae, Gulf, Riyadh, Mideast, Pfizer Inc


#Oman Expected to Add $779 Million in Revenue From VAT This Year - Bloomberg

Oman Expected to Add $779 Million in Revenue From VAT This Year - Bloomberg The implementation of a 5% value-added tax in Oman this year is seen bringing in 300 million rials ($779 million), the Oman News Agency reported Saturday, citing the Gulf nation’s finance minister.Oman’s 2021 budget, announced Friday, forecasts a 14% drop in spending and a 19% decline in revenue after finances were ravaged by lower crude prices and the coronavirus pandemic. The country last year announced it would impose...
Tags: Travel, Bloomberg, Oman, Gulf, Rupert Neil Bumfrey, Oman News Agency


#Oman Plans 2021 Borrowing as Oil Price, Virus Batter Economy - Bloomberg

Oman Plans 2021 Borrowing as Oil Price, Virus Batter Economy - Bloomberg Oman’s government will finance most of its budget shortfall in 2021 by borrowing to plug a fiscal gap battered by a decline in oil prices and the coronavirus pandemic.The Persian Gulf state is looking into borrowing that will cover 73%, or 1.6 billion rials ($4.2 billion), of the country’s 2.2 billion-rial shortfall, with the remaining 600 million rials to be drawn from its reserves, according to a post on Twitter by the st...
Tags: Travel, Bloomberg, Oman, Persian Gulf, Rupert Neil Bumfrey, Oman News Agency


Oman bans single-use plastic bags from Friday

Oman’s Environment Authority (EA) said that the ministerial decision 23/2021 stipulating the ban on single-use plastic shopping bags...
Tags: Oman, Environment Authority EA


Influential people who died in 2020

By BERNARD McGHEE In a year defined by a devastating pandemic, the world lost iconic defenders of civil rights, great athletes and entertainers who helped define their genres. Many of their names hold a prominent place in the collective consciousness — RBG, Kobe, Maradona, Eddie Van Halen, Little Richard, Sean Connery, Alex Trebek, Christo — but pandemic restrictions often limited the public’s ability to mourn their loss in a year that saw more than a million people die from the coronavirus. F...
Tags: News, Business, Obituaries, Top Stories Breeze, Top Stories IVDB, Top Stories LADN, Top Stories LBPT, Top Stories OCR, Top Stories PE, Top Stories PSN, Top Stories RDF, Top Stories SGVT, Top Stories Sun, Top Stories WDN


MIDEAST STOCKS- #Saudi shares set to finish 2020 higher, other Gulf markets subdued | Nasdaq

Saudi Arabian Shares fell in early trade on the last day of the 2020, but were set to close the session with a yearly gain, overcoming the first-quarter shock triggered by a global recession fears on COVID-19 and the Saudi-Russia oil price war.Other Gulf markets were set to end the year with losses except Qatar and Abu Dhabi, which were trading with marginal yearly gain of 1.1% and 0.3%, respectively.All Gulf stock markets had fallen between 13% and 36% in the first quarter, with Bahrain extendi...
Tags: Travel, Saudi Arabia, Russia, Qatar, Dubai, Oman, Abu Dhabi, Bahrain, Kuwait, Gulf, Rupert Neil Bumfrey, Dubai Islamic Bank, Samba Financial Group, Emaar Properties EMAR DU, Abu Dhabi Islamic Bank ADIB, Other Gulf


#Qatar Ruler Gets Invite to Attend Summit That May Ease Gulf Rift - Bloomberg

Qatar Ruler Gets Invite to Attend Summit That May Ease Gulf Rift - Bloomberg Sheikh Tamim bin Hamad Al Thani   Photographer: Alexander Hassenstein/Getty Images Qatar’s ruler received an invitation from Saudi Arabia’s king to attend next month’s Gulf Cooperation Council summit, which may help to ease a dispute that shattered regional unity and set back U.S. efforts to isolate Iran.GCC Secretary General Nayef Falah Al-Hajraf delivered the invitation to Sheikh Tamim bin Hamad Al ...
Tags: Travel, Saudi Arabia, Opec, Qatar, Joe Biden, Iran, Egypt, GCC, Oman, Donald Trump, Bahrain, Doha, Uae, Gulf Cooperation Council, Tamim Bin Hamad Al Thani, Hamad al Thani


ReelWorld creates new sound for Virgin Radio Int

Virgin Radio stations in Romania, Switzerland and Oman have all unveiled a new station sound developed and produced by the team at ReelWorld in England. Incorporating original music and bespoke imaging, ReelWorld says the rhythmic package is a fuzion of hip hop and R ‘n’ B sounds to help the station’s contemporary music proposition punch through on air. Mitch Calladine is the Group Production Director for Virgin Radio International: “We were looking for a new sound for the stations and had th...
Tags: Europe, UK, England, Production, Radio, Ireland, Oman, BBC Radio, Virgin Radio, Reelworld, Anthony Gay, JingleMad, Virgin Radio Int, Romania Switzerland, Mitch Calladine, Virgin Radio Romania Switzerland


#Saudi, #Dubai lead broader regional gains on higher oil | Reuters

Saudi, Dubai lead broader regional gains on higher oil | Reuters Saudi and Dubai shares closed higher on Tuesday as most regional markets gained in line with global stocks, as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets.Oil rose as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth. [O/R]Prospects of the relief package, however, kept the dollar near a 2-1/2-year low as investors we...
Tags: Travel, Qatar, United States, United Arab Emirates, Dubai, Oman, Abu Dhabi, Bahrain, Sharia, Reuters, Emirates NBD, Saudi Basic Industries Corp, Emaar Properties, Bank Muscat, Etisalat, Qatar National Bank


#Oman Banks Get More Flexibility in Financing Stock Investments - Bloomberg

Oman Banks Get More Flexibility in Financing Stock Investments - Bloomberg Oman’s central bank said it approved a recommendation that would provide more flexibility for banks in financing stock market investments.The regulator’s board reviewed the prospects and challenges facing the economy and approved a recommendation to amend some of the provisions in granting of loans against shares.“The amendment is expected to provide greater flexibility and enhanced opportunities to banks in financing inv...
Tags: Travel, Oman, Rupert Neil Bumfrey, Financing Stock Investments Bloomberg, Financing Stock Investments Bloomberg Oman


#Oman’s Expat Work Force Down by 16% Amid Pandemic, Report Says - Bloomberg

Oman’s Expat Work Force Down by 16% Amid Pandemic, Report Says - Bloomberg Nearly a sixth of Oman’s expatriate workers left the Gulf Arab country in the first 11 months of 2020, after losing their jobs because of the coronavirus pandemic, the Times of Oman reported, citing government figures.The National Centre for Statistics and Information calculated that 272,126 foreign workers departed, leaving the non-Omani work force at 1.4 million. Most were from Nepal, Uganda, India, Pakistan, Bangladesh...
Tags: Travel, Bloomberg, Egypt, Oman, Times of Oman, Rupert Neil Bumfrey, National Centre for Statistics and Information, Nepal Uganda India Pakistan Bangladesh


Natixis sees more deals coming from Gulf states monetising oil assets | Reuters

Natixis sees more deals coming from Gulf states monetising oil assets | Reuters Natixis expects oil-rich Gulf states to accelerate privatisations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.Lower oil prices as well as output cuts after the coronavirus crisis curbed demand for crude have weighed on Middle East oil exporters this year, leading them to explore new financi...
Tags: Travel, Saudi Arabia, Middle East, Oman, Abu Dhabi, Gulf, Reuters, Natixis, Rupert Neil Bumfrey, Abu Dhabi National Oil Company Adnoc, Reuters Natixis, Barbara Riccardi


Välimäki crowned Sir Henry Cotton Rookie of the Year

Sami Välimäki. Picture: Getty Images Sami Välimäki has become the first Finnish player to be named the European Tour’s Sir Henry Cotton Rookie of the Year after an impressive 2020 campaign which included a maiden win at March’s Oman Open and culminated in a top five finish at the season-ending Rolex Series event, the DP World Tour Championship, Dubai....
Tags: Usa, UK, Wales, Nokia, Sport, South Africa, Ian Poulter, Nick Faldo, Golf, Lee Westwood, Sergio Garcia, European Tour, Dubai, Oman, Finland, Denmark


Mideast Stocks Rise as Vaccine Rollout Buoys Mood: Inside EM - Bloomberg

Mideast Stocks Rise as Vaccine Rollout Buoys Mood: Inside EM - Bloomberg Most equities markets in the Middle East advanced as investors looked to the rollout of mass vaccination programs for a fresh spur to prices.Saudi Arabia’s Tadawaul All Share Index gained the most in the region, climbing 0.3% as of 10:27 a.m. local time. Gauges in Dubai, Abu Dhabi, Bahrain, Kuwait and Qatar also rose, while Oman’s benchmark index slipped.Saudi Arabia announced over the weekend it approved Pfizer Inc. and Bi...
Tags: Travel, Saudi Arabia, China, Israel, Qatar, Bloomberg, Canada, Middle East, United Arab Emirates, Dubai, Oman, Pfizer Inc, Sinovac Biotech Ltd, Rupert Neil Bumfrey, Bahrain Egypt, Credit Suisse AG


State-related entity debt in Gulf to rise next year, Fitch says | Reuters

State-related entity debt in Gulf to rise next year, Fitch says | Reuters Government-related-entity (GRE) debt in the six Gulf Arab states, wihch include Saudi Arabia and the United Arab Emirates, will increase next year, ratings agency Fitch said on Thursday.The coronavirus pandemic has strained the economies of Gulf countries already under pressure from low oil prices, a key source of state revenue.“The economic contraction in 2020 will further exacerbate leverage ratios and magnify the risks ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Oman, Gulf, Reuters, Fitch, Gulf Arab, Reuters Government, GRE, Rupert Neil Bumfrey