The sector appears to have largely recovered from the 2008-11 economic crisis, with the first half of 2013 seeing net profits in the UAE’s banking sector rising 20% to $3.7bn, while total assets grew 8% to $517bn during the same period, although there are a number of risks that remain outstanding. The introduction of new regulations has helped to improve overall stability in the real estate...
The Middle East
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As the emirate celebrates its victory in the bid to host World Expo 2020, infrastructure and transport development is expected to attract significant investment over the next few years. GDP growth reached 4.9% in the first half of 2013, the strongest result for the January-June period since 2008. Trade, the strongest of the emirate’s economic foundations, continues to grow, with non-oil...
The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
The Guide contains listings of hotels in the capital and other key cities, contacts for government bodies and foreign missions, and other handy tips for first-time business and leisure travellers, relating to currency, etiquette, visas and more.
Chapter | Legal Framework from The Report: Oman 2014
OBG’s partner Curtis, Mallet-Prevost, provides a detailed review of the rules and regulations that are applicable to foreign entities doing business in Oman, covering current trends and possible legislative changes. This chapter contains a viewpoint from Bruce Palmer, Managing Partner, Curtis, Mallet-Prevost in Oman.
OBG’s partner, PwC provides information relating to tax in Oman, including coverage of income tax laws, exemptions and administration. This chapter contains a viewpoint from Kenneth MacFarlane, Country Senior Partner, PwC.