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Oman's income tax, Egypt privatisation drive

Reports over the past week suggest that, despite the boost to the public finances from high oil prices, Oman’s government is sticking to fiscal tightening with the likely introduction of a personal income tax in 2023. Elsewhere, President Al-Sisi outlined fresh details of Egypt’s privatisation drive with plans to list some military-owned firms on the local stock market. But, on past form at least, privatisation drives have floundered and it is not clear whether this time will be any different.

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