Oman Plans Income Tax on Top Earners in a First for Gulf States
The 5% levy won't take effect until 2028 and only applies to annual income of 42,000 rials ($109,000) or above, state-run Omani News Agency said late Sunday. That means that only the top 1% of earners will have to pay the tax, according to the economy ministry.
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Middle Eastern Penny Stocks To Watch In August 2025
As the Gulf markets remain muted amid disappointing earnings and cautious signals from the U.S. Federal Reserve, investor sentiment is being tested across the Middle East. In such a climate, identifying stocks with strong financials becomes crucial for those looking to navigate these uncertain waters. Penny stocks, though an older term, still represent an intriguing investment area by offering potential value through smaller or less-established companies with solid foundations and growth prospects. Top 10 Penny Stocks In The Middle East Name Share Price Market Cap Financial Health Rating Big Tech 50 R&D-Limited Partnership (TASE:BIGT) ₪1.421 ₪15.08M ★★★★★★ Thob Al Aseel (SASE:4012) SAR3.81 SAR1.52B ★★★★★★ Alarum Technologies (TASE:ALAR) ₪4.188 ₪296M ★★★★★★ Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) TRY4.80 TRY1.32B ★★★★★☆ E7 Group PJSC (ADX:E7) AED1.55 AED3.08B ★★★★★★ Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY2.54 TRY2.73B ★★★★★☆ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.30 AED381.15M ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.96 AED12.59B ★★★★☆☆ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.816 AED496.34M ★★★★★★ Tgi Infrastructures (TASE:TGI) ₪2.57 ₪191.06M ★★★★★★ Click here to see the full list of 77 stocks from our Middle Eastern Penny Stocks screener. Let's uncover some gems from our specialized screener. Ege Seramik Sanayi ve Ticaret Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Ege Seramik Sanayi ve Ticaret A.S. is a company that produces and sells ceramic floor and wall tiles globally, with a market cap of TRY2.61 billion. Operations: The company generates revenue from its Building Products segment, amounting to TRY2.69 billion. Market Cap: TRY2.61B Ege Seramik Sanayi ve Ticaret A.S., with a market cap of TRY2.61 billion, is currently unprofitable and has seen its losses increase by 57% annually over the past five years. Despite this, the company maintains a solid financial position with short-term assets of TRY2.4 billion covering both its short- and long-term liabilities. However, it faces challenges due to a limited cash runway of less than one year based on current free cash flow levels. The company's debt-to-equity ratio has increased over time but remains within satisfactory limits at 34.9%. Unlock comprehensive insights into our analysis of Ege Seramik Sanayi ve Ticaret stock in this financial health report. Gain insights into Ege Seramik Sanayi ve Ticaret's historical outcomes by reviewing our past performance report. Fitaihi Holding Group Simply Wall St Financial Health Rating: ★★★★★★ Overview: Fitaihi Holding Group operates in the luxury sector, offering gold, jewelry, and other high-end products primarily in Saudi Arabia, with a market cap of SAR918.50 million. Operations: The company's revenue is primarily generated from its operations in Saudi Arabia, amounting to SAR44.77 million. Market Cap: SAR918.5M Fitaihi Holding Group, with a market cap of SAR918.50 million, operates in the luxury sector and primarily generates revenue from Saudi Arabia. The company reported first-quarter sales of SAR13.69 million, slightly down from the previous year, resulting in a net loss of SAR0.98 million compared to a profit last year. 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Rare earth metals are the new gold rush. Find out which 24 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IBSE:EGSER SASE:4180 and TASE:EMTC-M. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
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Quote of the Day: What Food Costs in Gaza, if You Can Find It
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In the current Middle Eastern market landscape, Gulf equities have experienced muted performance due to disappointing corporate earnings and a cautious stance from the U.S. Federal Reserve on interest rates. Despite these challenges, dividend stocks remain an attractive option for investors seeking steady income, as they can provide a buffer against market volatility and offer potential returns through regular payouts. Top 10 Dividend Stocks In The Middle East Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.99% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.17% ★★★★★☆ Riyad Bank (SASE:1010) 6.38% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.45% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 3.74% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.56% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 4.90% ★★★★★☆ Banque Saudi Fransi (SASE:1050) 6.41% ★★★★★☆ Arab National Bank (SASE:1080) 5.98% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.56% ★★★★★☆ Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Al Wathba National Insurance Company PJSC Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Al Wathba National Insurance Company PJSC operates in the general insurance and reinsurance sectors both within the United Arab Emirates and internationally, with a market capitalization of AED774.18 million. 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Dividend Yield: 8.8% Rimoni Industries offers a high dividend yield of 8.78%, ranking it among the top 25% in the IL market, though its payouts have been unstable and not fully covered by earnings, with a payout ratio of 102.8%. Despite an increase in dividends over the past decade, their reliability remains questionable due to volatility. Recent Q1 results showed slight earnings growth with net income at ILS 10.92 million against lower sales of ILS 46.57 million year-on-year. Delve into the full analysis dividend report here for a deeper understanding of Rimoni Industries. Insights from our recent valuation report point to the potential undervaluation of Rimoni Industries shares in the market. Seize The Opportunity Click this link to deep-dive into the 75 companies within our Top Middle Eastern Dividend Stocks screener. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Looking For Alternative Opportunities? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:AWNIC SASE:2320 and TASE:RIMO. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
