How would you assess the growth of non-oil exports in the country, and to what extent will special economic zones play a role?
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Articles & Analysis | Closer regional integration and new trade agreements enhance global trade from The Report: Oman 2020
Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volumes grew by 3% in 2018 and are anticipated to decline slightly to 2.6% in 2019 before rebounding to 3% in 2020. This may be the first time since the 2007-08 global financial crisis...
Articles & Analysis | New fiscal reforms set to reduce Oman's budget deficit from The Report: Oman 2020
Following the drop in oil prices in 2014, the government budget has fallen into deficit. As a result, the authorities have implemented a bold series of fiscal reforms since 2015 to shift the budget on to a more sustainable trajectory. For instance, 2019 saw the introduction of a series of new excise taxes, referred to as sin taxes, on alcohol...
Interviews & Viewpoints | Yahya Said Al Jabri, Chairman, Duqm Special Economic Zone Authority (SEZAD): Interview from The Report: Oman 2020
Articles & Analysis | Privatisation and Omanisation quotas rising amid lower oil prices from The Report: Oman 2020
Given its natural assets, strategic location and appealing geography, Oman has the resources for significant economic expansion. Although the sultanate remains dependent on oil and gas, efforts to diversify the economy are already bearing fruit. While private sector growth benefitted from the many investments committed in the days of higher...