Issue 988 - 05 Mar 2015
With an absent sultan and oil hovering around $60/bbl,
Oman’s economic future is up in the air. Economic
uncertainty is all the more challenging due to
structural shortcomings which, despite decades of planning,
remain obstinately in place; if anything, they have worsened over
the past three years. Political questions over who will replace
Sultan Qaboos Bin Said Al-Said – who has been in Germany,
where he is understood to be having medical treatment for
cancer, for almost eight months (GSN 981/1) – have only
ramped up financial jitters.
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