Economy

Sunday 02/September/2018 14:37 PM

Port of Salalah expands operations

Muscat: The Port of Salalah, Oman’s major regional gateway port and transshipment hub on the Arabian Sea, recently received four new rubber tyre gantry...

Saturday 01/September/2018 15:34 PM

Omani rial exchange rate increases 4.1%

Muscat: The real exchange rate of the Omani rial rose by 4.1 per cent to 103.5 points at the end of June 2018, compared to 102.1 points in the same period...

Saturday 01/September/2018 15:23 PM

Oman's nominal GDP grew by 8.7% in 2017

Muscat: The preliminary data for Sultanate’s national accounts indicate that nominal gross domestic product (GDP) grew by 8.7 per cent during 2017 as...

Saturday 01/September/2018 14:30 PM

Digitise documents to remain VAT-compliant

Muscat: With the introduction of the 5 per cent value-added tax (VAT) law in the UAE, companies today face the challenge of digitising and securing their...

Saturday 01/September/2018 14:28 PM

Opec August oil output hits 2018 high

London: Opec oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey...