Sultan of Oman issues decrees for new tax law, private sector boost, and salt extraction to diversify economy.

Sultan Haitham bin Tarik of Oman issued three royal decrees. The first enacts a new tax law affecting multinational groups, effective January 1, 2025. The second ratifies an agreement with the OPEC Fund to boost private sector operations. The third approves a concession for sea salt extraction by Naqa Salt Company. These decrees aim to enhance Oman's economic diversification and international cooperation.

3 months ago
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