First Axis News Today

Two Omani firms sign pact to set up ops in Khazaen Muscat, Oman, January 13, 2021 Khazaen, the newest integrated economic city of Oman, recently signed agreements with two firms who are setting up their operations at the new hub, an   The lease agreement with First Axis Company was signed to develop logistics and warehousing storage facilities for furniture and other products. The group, which owns Muscat Furniture International, has its existing warehousing facilities in Barka Industrial...

By: Times News Service Muscat:  Oman’s 2021 Budget seeks to achieve fiscal sustainability, a stable economic growth, and reduce public debt besides creating new job opportunities in the private sector. Also, the Budget seeks to strengthen the role of private sector in the development process and has been prepared amid several challenges arising due to the COVID-19 pandemic and persistent low oil prices in the international markets. In addition to oil production cut in compliance with OPEC-pl...