Edition:
United States

Fatma al-Arimi

Saudi-Iran crisis, economic woes strain Oman's neutrality

Jan 09 2017

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.

Oman says committed to currency peg despite cheap oil

Aug 27 2015

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 al-Zadjali said.

Oman central bank rejects Bank Muscat's $1.3 bln sukuk plan -source

Jul 15 2015

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.

Oman has no specific plan to cut spending as oil slides -fin min

Jan 07 2015

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.

Oman sovereign fund boosts buying of local stocks

Dec 20 2014

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.

Oman studying ways to limit spending after oil price plunge

Oct 21 2014

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.

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