Oman
Tourism will grow in economic importance in Oman
Tourism numbers have recovered strongly from their 2021 low, driven by proactive government policies
OmanMiddle East interest rates will follow US rate cuts
Most regional countries with currencies pegged to the US dollar cut their benchmark interest rates yesterday
Middle EastCurrent account surplus will allow Oman to reduce debt
Oman’s trade surplus fell slightly as import growth outperformed export growth
OmanOman will record a budget surplus in 2024
Data show that Oman recorded a budget surplus in the first seven months of 2024
OmanOman will issue further part privatisations by IPOs
OQEP is to issue an IPO selling up to 25% of its shares, potentially raising up to USD2bn
OmanDebt issuance will be strong in the Gulf states
Government related debt issuance in the Gulf states has been strong in 2024, led by Saudi Arabia
Gulf statesBarriers will raise costs for firms in Oman and Qatar
Oman and Qatar have introduced policies aimed at curtailing foreign investment and localising their workforces
OmanOman’s external position will help attract investment
Improved fiscal discipline and reduced government debt have resulted in Moody’s upgrading Oman’s sovereign outlook
OmanReducing foreign workers in Oman will face challenges
Oman has placed greater emphasis on Omanising its labour force in recent days.
Oman
