Business

Sunday 13/December/2020 17:32 PM

Applicability of VAT on imports into Oman

Muscat: Value Added Tax (VAT) is a consumption-based tax. It is applied to goods and services sold to consumers. It is imposed and collected at every stage...

Sunday 13/December/2020 16:12 PM

Oman's share index ends marginally lower

Muscat: The MSM index closed at 3,602.56 points, down 0.12 per cent from the previous close. The Sharia Index ended down 0.22 per cent at 508.16 points....

Saturday 12/December/2020 11:32 AM

Crude oil production drops in Oman

Muscat: The Sultanate’s average daily production of crude oil during November 2020 has recorded at 720,789 barrels. Hence, the daily November average oil...

Thursday 10/December/2020 15:25 PM

Oman oil price declines by 22 cents

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (February Delivery 2020) reached US$49.16. The DME statement said that the price of...