Muscat: The Sultanate of Oman’s fish production declined by 22.4 percent to stand at 556,151 tonnes at the end of October 2022 compared to 716,272 tonnes...
Muscat: His Majesty Sultan Haitham bin Tarik today issued two Royal decrees reading as follows:Royal Decree No. 2/2023 ascribes the public utility...
Muscat: Preliminary results indicated that the state's general budget for the fiscal year 2022 witnessed remarkable positive development. The financial...
Muscat: The estimated deficit in the 2023 budget is expected to reach about OMR1.3 billion, which means 13 percent of total revenues and 3 percent of GDP.It...
Muscat: The approved budget for 2023 allocated sum of OMR900 million for development projects, distributed as follows: 6.7 percent for the commodity...
Muscat: The estimate also comprises financial control procedures and the outcome of government departments’ initiatives to cut down public spending. The...
Muscat: The current revenues in State Budget 2023 are estimated at about OMR3.280 billion. Of these, revenues from value-added tax (VAT) and excise tax are...
Muscat: The Ministry of Finance has affirmed that the average price of oil per barrel was calculated at $55 in the State Budget for fiscal year 2023. The...
Muscat: The Foreign Ministry expressed the Sultanate of Oman’s condolences to families of victims and the people of the Arab Republic of Egypt on the...