• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Subdued domestic and external demand combined with regional tensions created a challenging economic environment for Dubai in 2019.

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.

Articles & Analysis | Hotels in Oman from The Report: Oman 2020

 

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...

 

In its bid to drive diversification and economic growth outside the Muscat area, Oman has invested heavily in special economic zones (SEZs). A particular focus is on increasing the level of private sector activity, feeding into the Vision 2040 target of having 90% of GDP come from non-oil sectors and boosting the proportion of Omani employees...

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