The number of sovereign wealth funds (SWFs) operating in the GCC has grown in the decade to 2017. The value of these SWFs – created to invest and manage the huge sums of money flowing into the region from hydrocarbons sales – stood at $2.9trn in March 2017, according to the SWF Institute (SWFI), representing 38.5% of the global total.
For much of its history, Bahrain was the name for the eastern coast of Arabia. Bahrain means “two seas” in Arabic, and although it is unclear which two seas the name refers to, it has recently come to identify the 33 natural islands of the Awal archipelago.
Dubai saw steady GDP growth of 3.2% in 2017 and is expected to reach 3.5% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment...
LANGUAGE: Similar to other GCC member states, Arabic is the official language of Oman, although English is widely spoken and understood. Using English to get around or conduct business in the capital, Muscat, or other hubs such as Sohar or Salalah, is relatively easy. Locals do appreciate the...
Agriculture & Fisheries 2469 6300 Awqaf & Religious Affairs 2464 4999 Capital Market Authority 2482 3100 Central Bank of Oman 2477 7777 Civil Aviation 2435 4488 Civil Services 2468 9999 Commerce & Industry 2485 8444 Defence 2433 3361 Diwan of Royal Court 2474 2000 Education 2477 3000 Finance 2461 5833 Foreign Affairs 2469 9500...
CRYSTAL SUITES PO Box 566 Wadi Al Kabir T: +968 2482 6100 F: +968 2482 6116 info@crystalsuites.om www.crystalsuites.om Rooms: 75 well-furnished suites, including family, executive, junior and business suites. Business & Conference Facilities: All essential facilities, high-speed Wi-Fi, business centre, LCD projector/screen, audiovisual...
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