Oman
Oman will expand its clean energy production
Oman has announced twelve renewable projects that will more than double existing output
OmanOman's mining sector will add increasing value
The mining sector is an important element in Oman's Vision 2040 economic development and diversification strategy
OmanThe private sector will drive Gulf states’ growth
Government polices in the Gulf states will support the growth of the non-hydrocarbon private sector into the medium term
Gulf statesOman will likely return a fiscal surplus in 2025
Oman's 2025 budget forecasts a USD1.6bn deficit but is based on a low average oil price of USD60 per barrel
OmanThe tax take will increase slowly in the Gulf states
The IMF considers that the economic outlook of the Gulf Cooperation Council (GCC) is favourable
Gulf statesOman will prioritise AML/CFT compliance
The Financial Action Task Force has placed Oman on the “enhanced follow up” list
OmanGulf states’ interest rate cuts could slow in 2025
Most of the Gulf Cooperation Council states cut their benchmark interest rates yesterday
Gulf statesOman’s sovereign credit ratings could improve further
Fitch upgraded Oman’s sovereign debt outlook to positive yesterday
OmanOman’s green hydrogen investment will increase
Oman is to launch a third round of green hydrogen auctions in early 2025
Oman
