86478
Oman Performance Rated Positive
Oman Performance Rated Positive

Oman Performance Rated Positive

Oman Performance Rated Positive

Standard & Poor’s Credit Rating Agency has a positive outlook about the growth of the Omani economy in the coming period, ONA reported. In a new published report, the agency forecasted that the performance of the Omani economy will improve due to the oil production stability and the growth of non-oil sector by 3% in 2018 after it reduced by 0.3% in 2017. The agency forecasted that the sultanate will be less exposed to fluctuation due to oil price hike and production stability. “Although 30% of the sultanate’s revenues from the hydrocarbon sector, still it makes great efforts to diversify its economy through many initiatives such as the establishment of Special Economic Zone in Duqm. The government is converting this area into a maritime and tourism port and an industrial hub. The government announced the railroad project which has been designed to connect the three main ports in the sultanate namely Salalah, Sohar and Duqm”, the report added. “The foreign direct investment (FDI) and private investment portfolios investments in stock markets also witnessed a rise in 2017”, the reports noted.

 

Short URL : https://goo.gl/nNDAGj
  1. https://goo.gl/4Lxrgx
  • https://goo.gl/oFRDRN
  • https://goo.gl/aQi7De
  • https://goo.gl/jo1WrX
  • https://goo.gl/vjzssa

You can also read ...

Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Wells Fargo Will Cut Workforce
Wells Fargo & Co said on Thursday it would reduce its...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus