Oman has announced plans to introduce a five per cent value-added tax (VAT) in six months' time.
A royal decree has been issued in this regard.
The Oman News Agency stated that the tax will be imposed on most goods and services with some exceptions.
Healthcare, education, financial services, basic foodstuff, and supplies for people with disabilities will not be covered by the VAT.
The latest move is in line with a unified value-added tax agreement signed by GCC members in November 2016.
UAE joins US-led Pax Silica initiative to bolster technology supply chain
The UAE has joined the US-led Pax Silica initiative that seeks to secure the AI and semiconductor supply chain, following the signing of a declaration at the Zayed National Museum in Abu Dhabi on Wednesday.
H.H. Sheikh Hamdan hails Dubai Chamber of Commerce growth milestone
Dubai’s economic momentum continues to surge, with the Dubai Chamber of Commerce announcing strong growth figures for 2025.
Netflix prepares all-cash offer for Warner Bros, source says
Netflix is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.
UAE, Nigeria sign comprehensive economic partnership agreement
The UAE and Nigeria have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major step forward in trade and investment relations between the two countries.
UAE, Philippines sign CEPA to deepen trade, investment ties
The UAE and the Philippines have signed a Comprehensive Economic Partnership Agreement (CEPA) to help fuel a new era of economic cooperation, boost bilateral investment flows, and create opportunities in vital sectors.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
