MINISTRIES & AGENCIES Agriculture & Fisheries 2469 6300 Awqaf & Religious Affairs 2464 4999 Capital Market Authority 2482 3100 Central Bank of Oman 2477 7777 Civil Aviation 2435 4488 Civil Services 2468 9999 Commerce & Industry 2485 8444 Defence 2433 3361 Diwan of Royal Court 2474 2000 Education 2477 3000 Finance 2461 5833...
LANGUAGE: Similar to other GCC member states, Arabic is the official language of Oman, although English is widely spoken and understood. Using English to get around or conduct business in the capital, Muscat, or other hubs such as Sohar or Salalah, is relatively easy. Locals do appreciate the...
GCC countries have long appreciated the importance of education for their sustained development. However, the sector, and higher education in particular, has risen as a priority over the past decade with the launch of ambitious economic diversification plans across the region. These strategies seek to harness the potential of the GCC’s...
The global economic recovery has strengthened, and a growth rate of 3.9% has returned in 2018 and 2019, with 75% of the world economy sharing in the upturn. Yet this tide is not lifting this region enough. Of course, there are differences among countries. For oil exporters, oil prices have rebounded to halfway between their lows and their...
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...
How could fiscal reforms such as the increase in the corporate tax rate and the proposed value-added tax affect Oman’s appeal to foreign investors?
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