Oman Economy Gets Mixed Signals
Oman Economy Gets Mixed Signals

Oman Economy Gets Mixed Signals

Oman Economy Gets Mixed Signals

The Omani economy has been getting quite a few mixed signals from the international business community. On the one hand, the sultanate managed to sell bonds worth $5 billion, a success that even shocked keen followers of the Omani economy. On the other, a mainline rating agency decided to downgrade the sovereign rating reflecting its concerns about the external financial position, Arabian Business reported. In March, international investors gave a vote of confidence by purchasing bonds of $ billion of 5-, 10- and 30-year tranches. The subscribed amount stood at $20 billion, signaling global interest—and confidence—in the Omani economy. Undoubtedly, the need for raising funds in the international market was in place. The authorities prepared the 2017 budget with expenditures and revenues of $30 billion and 22.3 billion, which translates into a sizeable shortfall, or about 10% of the GDP.The financing plan called for seeking 70% from international borrowers, 16% from local sources and the balance via drawing on international reserves.


Short URL : https://goo.gl/xPf7WM
  1. https://goo.gl/y9ctxA
  • https://goo.gl/7kVDE8
  • https://goo.gl/AdHyDC
  • https://goo.gl/UaUCPg
  • https://goo.gl/ZmeF10

You can also read ...

China is likely to develop a major overcapacity in production of industrial robots. This will tend to result in building too many factories, and that in turn means price-dumping on global markets.
The Chinese government has adopted a 'Made in China 2025'...
The Trump administration has expressed interest in combating America’s trade deficit with individual countries like China and Mexico.
As the nation was reeling from the racially charged violence...
China mainland stocks enjoyed some of  the steepest gains.
Emerging stocks and some currencies ended the week on a sour...
Brazil Showing Signs of Recovery
Economic activity in Brazil expanded at a faster pace than...
Consumer confidence in Singapore has picked up.
Singapore residents were significantly more optimistic about...
Turkey Growth 3rd in G20
Turkey has occupied the third rank among the 20 major...
Goldman Sachs Loses $100m
A sour bet on the direction of natural gas prices contributed...
Fitch Upgrades Greece Debt
Credit rating agency Fitch on Friday upgraded Greece’s debt by...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.