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Zawya
07-05-2025
- Business
- Zawya
Oman: Tax Forum 2025 discusses digital transformation
Muscat: The second edition of the Tax Forum 2025, organized by the Tax Authority, discussed comprehensive developments in the tax system, developments in transfer pricing, and the implementation of value-added tax in the Sultanate of Oman. Nasser bin Khamis al Jashmi, Chairman of the Tax Authority, said the forum provides specialists at the Tax Authority with the opportunity to benefit from the opinions and proposals discussed at the forum, which serve the tax process in the Sultanate of Oman. Idris bin Hamoud al Rashidi, Director of the Electronic Invoicing Project at the Tax Authority, said the forum discussed several important topics related to the tax field, including electronic invoicing. The Authority seeks to completely transform voting, which will contribute to the level of transparency and tax compliance and support the government's digital transformation efforts in general. Officials said the authority places great importance on strengthening bridges of trust with taxpayers, which has positively impacted the Authority's position in terms of transparency and efficiency in managing the tax system. The forum featured the presentation of several working papers on the most significant structural changes within the Tax Authority aimed at enhancing operational efficiency and the ongoing improvements to electronic services provided to facilitate taxpayers' compliance. It also featured new strategic initiatives launched by the Authority, enhancing cooperation with international tax organizations, and sharing expertise and best practices. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
02-05-2025
- Automotive
- Zawya
Omani car trading app hits 1 million-user milestone
MUSCAT: In a rapidly evolving digital landscape where innovation and competition go hand in hand, 'Sooq Cars' has emerged as one of the most inspiring stories in Omani entrepreneurship. The app has achieved an extraordinary milestone by surpassing one million subscribers within the Sultanate of Oman, solidifying its position as the largest digital platform specialising in car sales and related services in Oman and among the leading automotive platforms in the Gulf region. What began as an ambitious idea by a group of visionary Omani youth has quickly transformed into a fully integrated digital platform that serves hundreds of thousands of users every day. Sooq Cars has distinguished itself as an innovative and intelligent platform that has successfully built a digital bridge between sellers and buyers, reshaping the vehicle trading experience with a modern approach rooted in speed, reliability and ease of use. Among the platform's key services: Buying and selling new and used vehicles of all types; Accurate and professional vehicle valuation services prior to sale or purchase; Dedicated listings for buying and selling premium licence plate numbers; A comprehensive spare parts and accessories section, providing users with easy access to both original and alternative parts at the click of a button; Home and workshop delivery of spare parts; and A verified directory of workshops and certified service centres, making the app a go-to reference for vehicle owners across Oman. Speaking on the occasion, Abdulrahman al Kharousi, CEO of Sooq Cars, commented: 'Crossing the one million-user threshold is not merely a number — it is a living testament to the trust Omanis place in a locally developed product, created with Omani hands and driven by pure creative ambition. We do not see this milestone as a peak, but rather as a launchpad towards broader horizons. Our goal is to transform Sooq Cars into a regional and global platform that redefines digital automotive commerce.' Al Kharousi further emphasised that surpassing globally recognised apps in the Omani market is a result of the platform's commitment to understanding user needs and delivering smart, innovative solutions aligned with modern expectations. He noted that the team has already integrated artificial intelligence technologies to enhance the user experience, while expanding service coverage both within Oman and beyond its borders. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
29-04-2025
- Business
- Zawya
Hatta, Sohar Port main gateway for goods in Oman
Muscat: The Hatta Land Port connecting the UAE and the Sultanate of Oman, and the Port of Sohar are the main gateways for the entry of goods and cargo to the Sultanate of Oman. The value of imports through Hatta Land Port in the fourth quarter of 2024 was 524 million, accounting for 52 percent of the total value of imports through land ports. The value of imports through Sohar Port during the same period was RO2,089 million, contributing to 70 percent of the total value of imports through seaports. It may be noted that major non-oil Omani exports are received by the UAE, Saudi Arabia, India, South Korea, and the United States, while major countries for re-exports are the UAE, Iran, China, and the United States. The non-Omani imports are mostly from the UAE, China, Kuwait, India, and Saudi Arabia. The Sultanate of Oman shares a direct land border only with Saudi Arabia and the UAE. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
28-04-2025
- Business
- Zawya
Oman tightens oversight of water tanker operations with new regulatory framework
Muscat:The Authority for Public Services Regulation (APSR) has unveiled a new regulation to govern the operation of independent tankers in the Sultanate's water and wastewater sector. This major regulatory move, issued under the Water and Wastewater Sector Regulation Law (Royal Decree No. 40/2023), aims to elevate service standards, strengthen governance, and advance Oman's long-term sustainability agenda. The new framework sets clear rules for independent tanker operators engaged in water supply, wastewater collection and transport, and the delivery of treated water. Operators are now required to obtain official permits, operate strictly within designated zones, and comply with detailed Service Level Agreements (SLAs) covering technical standards, complaint management, inspection procedures, and emergency response protocols. To ensure transparency and accountability, licensed authorities must provide accessible application processes, including digital channels, monitor compliance rigorously, and maintain a centralized electronic registry capturing operator data, subscriber details, water supply and discharge points, tanker plates, and wastewater sources. The regulation also introduces a robust penalties regime for violations by operators and corporate entities, aiming to safeguard service quality and uphold operational standards across the sector. This latest initiative forms part of Oman's broader strategy to modernize its vital water and wastewater infrastructure. It underscores the Sultanate's commitment to efficient, high-quality public services in alignment with the national objectives of Oman Vision 2040. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
24-04-2025
- Business
- Zawya
Oman Air announces new routes
Muscat: Oman Air has made significant strides in its financial and operational restructuring, reporting positive results in 2024—the first full year of its transformation plan. Financial Restructuring The airline faced RO150 million in EBIT losses and RO85 million in financing costs due to legacy debt and operational challenges. To address this, Oman Air: Optimized its fleet and network Cut costs, reducing expat staff by 500 (saving RO18 million/year) Increased Omanisation to 79%, with 71 employees moved to Oman Airports Growth & New Routes Oman Air achieved a record load factor in Q1 2025 and plans: Amsterdam flights from July Double daily London flights from October Daily Moscow flights (previously seasonal) Airfare caps on Salalah-Muscat route The airline will join oneworld alliance in June 2025, boosting global connectivity. With passenger traffic up 12.9%, Oman Air aims to return to pre-Covid levels by 2026. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
