The decision comes since international passenger flights to and from the kingdom remain suspended
The federal government’s total revenues were reported at Dhs34.7bn
Oman would become the fourth of the Gulf Cooperation Council’s six states to collect VAT
Applicants will need to meet certain financial requirements in order to be eligible for the new visa
The collaboration will focus on innovation and technology
It will now be held on January 26-28
The finance and economic committee has also suggested reducing the period for borrowing
The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020
With Muslim consumers across the world seeking out faith-based products and services, the Islamic economy is seeing robust growth among all its different verticals
The extension will be processed automatically by the ministry online
Inflation in July reached 11.42 per cent from the previous month
It has also levied restrictions on the transfer of dependent to work visas in the private sector
The decision applies to all private sector establishments that employ five or more engineering professionals
Nurseries have been granted 50 per cent exemption on trade licence renewal
Recovering from the ‘great compression’ caused by Covid-19 is going to be a slow and uncertain process, led by epidemiological factors
Transworld Feeders and Avana Global are independent feeder and Non-Vessel Operating Common Carriers (NVOCC) operators
The sultanate’s dollar-denominated bonds have lost 1.6 per cent this year, the worst performer in the region
The validity of a family ownership contract can extend up to 15 years, after which it must be renewed
The government estimates a budget deficit of KD14bn in the current fiscal year
Fitch’s latest downgrade brings its ranking of Oman to the same level as that of Moody’s Investors Service and S&P Global Ratings.
Saudi Arabia’s media has been more unfettered in its praise of the UAE’s decision
The construction and engineering sector accounted for the biggest share of contracts in the first six months of the year
Businesses can secure up to four visas when renting a desk space within the freezone
Lower oil prices and the global coronavirus pandemic have combined to stretch its finances
Expatriates whose visas expired by the end of May were given a three-month free grace period to renew their documents
The digital economy’s contribution to the UAE’s local GDP in 2019 reached 4.3 per cent
Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1
The bill was designed to raise as much as $65bn
Exports rose by 20 per cent year-on-year to Dhs31m from Dhs25.7m, while re-exports stood at Dhs6.5m
Salons, gyms, barbershops, tailors, and spas are set to reopen from August 18