Oman
Oman 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
OmanGulf states will be fiscally resilient into 2025
Diversification projects will offset lower oil and gas prices for Gulf Cooperation Council (GCC) economies
Gulf statesOman’s reform programme will strengthen further
The latest IMF statement highlights the positive progress made on reforms
OmanOman will accelerate its diversification strategies
Oman's sovereign wealth fund is playing a key role in diversifying the economy from its reliance on hydrocarbon revenues
Oman
