After three successive years of recession, Trinidad and Tobago’s growth is estimated to have remained flat during 2019, according to IMF data. However, a more significant expansion of 1.5% is expected for 2020 as both gas production and non-oil exports are set to increase.
A downturn in oil revenue on the back of production cuts by the Organisation of the Petroleum Exporting Countries contributed to a difficult year for Oman in 2019, as the government continued with efforts to balance the budget and diversify the economy.
A SINAMAR HOTEL APARTMENT Street 196 Al Jami Al Akbar Road Ghala Heights T: +968 2450 6414 booking@asinamarhotel.com www.asinamarhotel.com Rooms: 83 rooms, including double and twin rooms, and one-, two- and three bedroom suites. Business & Conference Facilities: Printer and fax machine available on site. Health & Leisure...
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 exchange of salutations in Arabic, but are...
Prior to 1971 the Sharia Courts had jurisdiction over all civil and criminal matters, as well as personal status matters in the sultanate of Oman. However, after the succession of Sultan Qaboos bin Said Al Said, the judicial system was reformed in the sultanate, and Sharia Courts currently only govern matters relating to family disputes and...
The year 2019 saw several legislative changes in Oman aimed at encouraging business growth and diversification of the economy, which has so far relied heavily on the hydrocarbons industry. I would like to outline the major changes to the legal framework and the potential positive impact on Oman’s investment climate.
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