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Oman: Political consolidation, but weak finances amid slow economy


Issue 1125 - 06 May 2021

GSN Risk Grade – B↓3

Overview

Politics: Sultan Haitham Bin Tariq Bin Taimur Al-Said was named ruler in January 2020, succeeding the late Qaboos Bin Said Al-Said as the 15th ruler of the Al-Busaidi dynasty (founded in 1750). Qaboos was a monumental figure who, having deposed his father in 1970, had led Oman since 1970. The succession process was quick and smooth, orchestrated via the Royal Family Council. Haitham has moved cautiously in the opening period of his rule, broadly following his predecessor’s domestic and regional policies.

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