Muscat:The Tax Authority has issued three new administrative decisions that designate certain goods and products to be subject to a zero-percent value-added tax rate. This includes basic food commodities, human medicines and medical equipment, and vet…
Hotel Revenues in Oman Decline by 11% as Guest Numbers Drop
Muscat:Revenues for hotels rated 3 to 5 stars in Oman reached approximately RO 156.54 million by the end of August 2026, marking an 11 percent decrease from RO 175.84 million during the same period in 2025. The average hotel occupancy rate stood at 46…
CBO Board Approves New Banking Policies and Commemorative Coins
Muscat:The Board of Directors of the Central Bank of Oman (CBO) convened for its third meeting of 2026 at the Bank’s headquarters in Muscat Governorate.
According to Oman News Agency, the Board adopted a new Policy on the Classification and Licensin…