MUSCAT Caught between two vast neighbours locked in a regional struggle, Oman has long been to the Middle East what neutral Switzerland is to global diplomacy. But now its policy of being "friends to all and enemy to none" is under heavy strain.
MUSCAT, Aug 27 Oman is committed to maintaining
the peg of its currency against the U.S. dollar despite the drop
of oil prices, central bank executive president Hamood Sangour
Muscat, July 15 Bank Muscat, Oman's
largest lender, has delayed plans to launch a 500 million rial
($1.3 billion) sukuk programme after the central bank rejected
the proposal, a source at the bank told Reuters.
MUSCAT, Jan 7 Oman has no specific plans to
reduce state spending this year, its minister for financial
affairs said on Wednesday, despite the plunge in oil prices to
well below the level assumed in its government budget.
MUSCAT, Dec 20 Oman's State General Reserve Fund
(SGRF) has boosted its buying of shares in the local stock
market as prices have slid to attractive levels, the fund's
executive president said.
MUSCAT, Oct 21 Oman's government is studying
ways to limit spending in the wake of the plunge of oil prices,
but it does not intend to cut back infrastructure projects, a
senior finance ministry official said on Tuesday.