11/05/2020

CBO warns against unlicensed money collection

The conduct of money transfer business by non-licensed entities/individuals is illegal and incriminated pursuant to Oman laws, and customers depending on such illegal channels are vulnerable to the fraud risk and they may lose their hard-earned money.

11/04/2020

Qatar, Kazakhstan to boost trade ties

The Minister also discussed mechanisms to bolster bilateral trade and enhance cooperation in priority sectors that would serve the developmental aspirations of both countries.

11/04/2020

UAE central bank issues new rules backing FinTech firms

CBUAE Governor Abdulhamid M. Saeed Alahmadi said: "We are confident that the new SVF regulation will strengthen the public's confidence in the use of digital products and services and foster further development and innovation across the payments

11/03/2020

Oman to introduce income-tax on wealthy individuals

Oman expects to introduce an income tax on high earners in 2022, the finance ministry said in a 2020-2024 economic plan, as the Gulf state seeks to restore finances battered by low oil prices.