Financial Circular News Today

The step comes in line with the implementation of national strategies

By: Times News Service Muscat: The Authority for SME Development announced that small and medium enterprises whose owners have an Entrepreneurial Card will qualify for government purchases. An announcement by the Authority for SME Development said, “As part of implementing of the initiatives of the economic stimulus plan and within the framework of the steps taken to activate the Financial Circular No. 1/2021, government purchases whose value does not exceed 10,000 Omani Riyals will be given ...

By: Times News Service Muscat: The Ministry of Finance has issued a Financial Circular No. 1/2021 on awarding Government contracts worth OMR 10,000 or less to SMEs. A statement issued online by Ministry of Finance said: "As part of the Economic Stimulus plan which aims to strengthen economic recovery and enhance national economy and in order to to support SMEs to achieve value-added for the nation economy and contribute towards economic diversification, all Ministries, Government units and SOEs...