Although Oman’s office real estate segment is generally characterised as being oversupplied, the market still presents opportunities for construction firms. Indeed, much of the market’s oversupply is in lower- to mid-range quality office space, while the availability of higher-quality real estate that meets the needs of multinational firms is still relatively limited. A...
Both on the technical and governmental sides, Oman’s capital markets have seen some important changes recently. Regulators have moved to install the latest technical and regulatory systems alongside the most up-to-date practices in corporate governance. On the former agenda, the Muscat Clearing and Depository Company (MCDC) has been leading the...
The Gulf is often synonymous with “easy” oil, massive reservoirs that sit invitingly on Jurassic or Cretaceous shelf limestones. Oman’s hydrocarbons wealth, however, has proven a more challenging proposition. Dispersed in complex clusters, the difficulties associated with exploiting the sultanate’s oil and gas reserves have made the nation a...
Rapid changes are under way in Oman’s utilities sector, with further adjustments expected over the next several years. Increasing demand for power and water and an expanding role for private sector firms are the two most significant factors affecting the industry. Much of the increased demand stems from a growing, yet relatively spread out...
With participants showing strong growth in a highly competitive market, the sultanate’s insurance sector is now experiencing a period of both vertical and horizontal expansion. Stronger regulatory requirements on solvency and governance are also on the way, while a major new element, Islamic insurance – ...
These are exciting times for Oman’s capital markets, as a number of recent initiatives aimed at broadening activity are coming into play. The introduction of Islamic finance will likely have an energising effect, as will new systems and standards governing the markets’ daily operations. At the same time, establishing Oman as a regional and...
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