With earnings from oil accounting for more than 80% of government income, the halving of prices since June has eroded state revenue and could impact the extensive capital works programme in 2015,...
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Economic Update | Oman Year in Review 2014
12 Jan 2015
Economic Update | Islamic banking thriving in Oman
18 Dec 2014
Islamic banking in Oman is expected to grow at double-digit rates as sharia-compliant banking products increasingly gain acceptance and the government’s plans to ease restrictions come to fruition.
Economic Update | Funding boost for Oman’s construction sector
10 Oct 2014
A multibillion-dollar cash injection from the state is supporting new growth across Oman’s construction sector, amid efforts to encourage the industry to source labour, services and supplies locally...
Economic Update | Oman’s economy growing but still tied to oil
4 Sep 2014
Recently released figures indicate that Oman’s diversification strategy is beginning to bear fruit. But, despite the Sultanate’s finances looking healthier, the country still remains vulnerable to...
Economic Update | Oman’s tourism industry poised for boom
12 Aug 2014
Sustained growth in Oman’s tourism industry is expected on the back of rising interest in the destination together with favourable economic conditions driving up disposable income and improved...
Economic Update | Retail explosion may lure top brands into Oman
11 Jul 2014
The retail sector in Oman is set to enjoy solid growth in 2014, with disposable incomes on the rise and economic expansion being fed by higher levels of state investment, though a rapid expansion of...
