Oman to overcome hurdles for debt raise

By Mariam Meskin
31 Jan 2019

Bankers are confident that Oman can overcome the obstacles in the way of its borrowing capabilities, namely a large fiscal deficit and speculative grade ratings, in order to raise financing from international lenders.

Similar to other Gulf countries, Oman recently announced its own development vision program, Oman Vision 2040, in a bid to develop its economy, welfare provision and governance. As such, the sovereign, financial institutions and corporates are expected to raise ...

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