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Sultan Haitham Bin Tariq Al-Said restored citizenship to 115 Omanis who had been stripped of it for their political activities or for taking a second citizenship, in a decree issued in May. It followed a similar decree in March, when 48 Omanis had their citizenship restored.

Oman
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Oman's energy and minerals minister Mohammed Bin Hamad Al-Rumhi has said Oman’s oil production is likely to increase by 5-10% over the next three years, with new discoveries outpacing production.

Oman
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The United States is reportedly drawing up plans for a defence co-operation agreement between Israel and the six Gulf Co-operation Council states, as well as Egypt, Jordan and Iraq, to counter the perceived threat from Iran.

Bahrain | United Arab Emirates (UAE) | Israel | Iran | Kuwait | Saudi Arabia | Oman | Qatar
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Muscat and Tehran have revived long-discussed plans for a gas pipeline to deliver Iranian gas to Oman. A fresh commitment to the project was made by Iranian petroleum minister Javad Owji during a recent visit to the sultanate.

Iran | Oman
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The Omani government’s decision to roll out a OR130m ($338m) package of benefits to its citizens is the first indication that Gulf governments are starting to loosen their fiscal policies in response to the oil windfall that has come their way this year.

Oman
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Saudi Aramco is said to be considering a stock market listing for its Aramco Trading arm. Analysts have predicted the unit could be valued at more than $30bn. Omani state energy company OQ is reportedly considering a sale of shares in some of its upstream and downstream assets. Meanwhile, Bahrain’s Nogaholding is due to complete a comprehensive energy strategy in six months, which could pave the way for an “asset monetisation” programme.

Bahrain | Oman
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Regional and international leaders have descended on Abu Dhabi in the days since the death of UAE President Sheikh Khalifa Bin Zayed Al-Nahyan was announced on 13 May, both to offer condolences and to congratulate Sheikh Mohammed Bin Zayed (MBZ) who has moved from being the country’s de facto leader to formally becoming its president.

Kuwait | Saudi Arabia | Bahrain | Oman | United Arab Emirates (UAE) | Qatar
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Russian foreign minister Sergey Lavrov flew into Muscat on 10 May, where he met his counterpart Sayyid Badr Al-Busaidi and Sultan Haitham Bin Tariq Al-Said. Neither his talks in Oman, nor a preceding visit to Algeria, had been publicised in advance. Bilateral ties and the Ukraine war were at the centre of the discussions, but the prospects for a revived Iran nuclear agreement will have been hard to ignore.

Oman
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Risk Management Report: International politics and economics. Breakeven prices: Oil prices have remained high in the shadow of the Ukraine war, with the cost of a barrel well above $100 through much of March and April. This means that most Gulf states are in a position to post budget surpluses this year.

Kuwait | Saudi Arabia | Bahrain | Oman | United Arab Emirates (UAE) | Qatar
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Oman has used its good offices to secure the release of more than a dozen foreign nationals in Yemen, including crew members of the UAE-flagged cargo ship Rwabee, which was captured by Houthi rebels in January.

Yemen | Oman
Issue 1146 - 06 May 2022

Oman: Income tax could come in 2023

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Muscat expects to launch a personal income tax in the first half of 2023, according to an unnamed official at the National Programme for Fiscal Balance cited by Al-Monitor on 22 April.

Oman
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Oman’s Public Establishment for Industrial Estates (Madayan) has signed a memorandum of understanding (MoU) with New York-based H2 Industries to develop a $1.4bn waste-to-hydrogen plant at an unspecified coastal location.

Oman | United Arab Emirates (UAE)
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Chinese defence minister General Wei Fenghe made a brief tour of the Gulf in April, starting with a visit to Tehran on 27 April. He held talks on military cooperation and other matters with defence and armed forces logistics minister Brigadier General Mohammad-Reza Gharaei Ashtiani and other senior officials.

Iran | Oman
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A fifth round of talks between Saudi and Iranian officials was held at Baghdad International Airport on 21 April, after a seven-month hiatus. The Iraqi Ministry of Foreign Affairs described the atmosphere as positive.

Iran | Saudi Arabia | Oman | Iraq
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Sultan Haitham Bin Tariq Al-Said’s desire to improve the efficiency of the government machine was signalled early on in his rule, with a decree reshaping the Council of Ministers (cabinet) and reducing the number of ministries in August 2020.

Oman