MIDEAST STOCKS-Most markets slip, Omani telecoms drop on tax proposal | News by Country | Reuters:
"Middle East stock markets mostly lost ground on Monday, while shares of Oman-based telecommunications companies tumbled after an advisory body to its government proposed taxing them at a higher rate.
Oman's index fell 1.2 percent as Ooredoo Oman and Oman Telecommunications (Omantel) lost 4.8 and 4.0 percent respectively.
Among measures aimed at reducing the 2015 budget deficit, the Shura Council has proposed increasing the royalty rate for telecoms to 12 percent from 7 percent and said the hike should not be passed on to subscribers."
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