The Middle East

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A number of challenges have confronted Oman’s banking sector over recent years: a structural shake-up in the form of a new Islamic segment has increased competition levels; declining oil prices have constricted lending opportunities in some segments and compelled the regulator to encourage greater credit extension to others; and uncertainty...

 

It is nearly a decade since banking sector liquidity was last a significant concern in the GCC, but the precipitous decline of crude oil prices that began in the summer of 2014 has brought the issue to the fore once again. The major role played by the hydrocarbons industry in regional economies means that large alterations to spot prices and...

Oman is taking steps to attract investors to the sultanate in a bid to diversify its economy away from a reliance on hydrocarbons. These include updating the legal framework for investment while continuing to stress the value of the country’s free zones and economic zones. Foreign direct investment (FDI) inflows to Oman grew to an estimated $822m in 2015, up from $739m in 2014...

 

What opportunities do you see for synergy between the financial sectors of Oman and Iran?

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