Experts Advocate for Tax Reforms to Boost Investment
The article focused on Oman's efforts to promote investment and economic development, including launching marketing campaigns in China to attract investments in artificial intelligence. It also highlighted the signing of 39 contracts in Sohar Industrial City with investments exceeding 214 million Omani rials, and noted a 5.1% decrease in refinery production, reaching 108.8 million barrels. Additionally, the government is deploying smart systems to monitor projects and is advocating for the development of the tax system to encourage startups and attract investments. Furthermore, agricultural and livestock projects were announced to enhance food security, alongside weather forecasts predicting thunderstorms in some areas. The article also covered political and security developments, such as condemning attacks on ships in the Strait of Hormuz and the targeting of an ADNOC oil tanker, amid heightened tensions between the United States and Iran over the Strait crisis.
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