Economy

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Articles & Analysis | Energy from The Report: Oman 2015

National Gas commenced its liquefied petroleum gas (LPG) bottling operations in 1981 and is currently engaged in the selling of LPG cylinders for retail consumption. In 2012 the company, through an indirect subsidiary, acquired Shell Malaysia’s LPG assets and business in West Malaysia. The company’s largest shareholder is the A’Sharqiya Investment Holding Company, which...

Chapter | The Guide from The Report: Oman 2015

The guide contains listings of some of the leading hotels and resorts in Oman and contacts for important government offices and services. It also contains useful tips and information for first-time visitors.

What is your assessment of the new quotas to support small and medium-sized enterprises (SMEs), and what more can be done to realise the intended economic benefits of such decisions?

In an effort to reduce state expenditure and boost revenues, the government recently announced a plan to sell shares in a wide variety of state-owned entities in the coming years. The privatisation effort, which could eventually result in the transference of a substantial percentage of more than 60 state-held firms to public ownership, is widely expected to have a...

While non-oil economic activity has accounted for a steadily increasing percentage of Oman’s GDP in recent years, the oil and gas industry remains a vital component of the sultanate’s economy. Despite the fact that the country’s hydrocarbons reserves are smaller and generally harder to access than in many other nations in the GCC region, the industry is widely regarded...

In 2013 and the first half of 2014 Oman’s economy continued to expand on the back of rising public and private investment, strong oil and gas revenues and steadily increasing levels of non-oil activity. According to data published by the IMF – Oman’s National Centre for Statistics and Information (NCSI) does not regularly release inflation-adjusted GDP numbers – real GDP...

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