World Economy
0

Expats Leaving Oman

Expats Leaving OmanExpats Leaving Oman

After a poor 12 months of low returns on oil and petrochemical services, the number of foreign workers leaving Oman continues to increase, according to new statistics.  According to a 2016 survey by the Muscat authorities, some 1.8 million expats live in the country with 30% of that number expected to leave this year, according to Albawaba. With oil prices at their lowest level since July 2014, the government’s actual revenues are expected to drop by as much as 60% this year, compared with last year.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com