Country Coverage
Oman

Oman is both an ancient maritime power and a key desert sultanate, a place that is open to the modern world while preserving a strong sense of tradition and culture. The Report: Oman 2013 delves into the sultanate’s economy, which has been undergoing a steady transformation in recent years, reorienting from oil toward a more diverse set of service and industry-based economic activities. Taken together with a well-capitalised banking system and minimal exposure to European debt, the Omani economy is progressing relatively unscathed by the economic gloom prevailing elsewhere. While economic risks – such as changes in global oil prices – remain, the sultanate’s diverse set of trade partners and strong fiscal record put the country in a strong economic position.