Tuesday 26 September 2017
 
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oil reliance

Oman rating balances assets against oil reliance

Oman's Baa1 rating with a stable outlook reflects its high wealth levels and a still comparatively strong government balance sheet, balanced against credit challenges, including its heavy reliance on the oil and gas sector, Moody's Inves

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Oman may introduce VAT next year

Oman is planning to introduce a value added tax (VAT) as part of a government drive to cut its reliance on oil and could bring in the measure as early as next year, a government official said on Monday. 'VAT is certainly on the cards and i

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