As the second-largest driver of non-hydrocarbons growth and the sector that employs the greatest number of people, construction plays a key role in Oman’s economy. While 2017 was a difficult year for the industry, forecasts suggest a return to growth in 2018 and 2019 on the back of higher oil prices and a government-supported diversification...
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
Despite difficult economic conditions, Oman’s insurers have succeeded in posting consistent net profits in recent years. With the economy recovering from the decline in global oil prices starting at the end of 2014, the industry is well positioned to take advantage of new opportunities. This is especially true as the government moves to...
GCC countries have long appreciated the importance of education for their sustained development. However, the sector, and higher education in particular, has risen as a priority over the past decade with the launch of ambitious economic diversification plans across the region. These strategies seek to harness the potential of the GCC’s...
The sultanate’s economic growth remained under pressure in 2017 due to a global decline in oil prices and lower government spending. As a result, the telecoms sector faced challenges such as stiff competition, regulatory reforms and changes in consumer spending behaviour. Furthermore, an increase in government royalty charges from 7% to 12%,...
Muted investor sentiment since 2016 has resulted in a slowdown of activity on Oman’s stock market. Sovereign downgrades by all three major ratings agencies and constricted government spending in the wake of a rapid oil price decline have taken their toll on trading volumes, nudging the exchange’s index into a negative trend over 2018. However...
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