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Muscat Confidential
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Day to day goings on in the small, safe and sleepy Indian Ocean country called the Sultanate of Oman, written by a rather cynical, and often crotchety, well-connected expat living in Muscat.
Recent Posts Tagged With 'budget'
Oman tops the world in Military Expenditure?
It well known that the Middle Eastern countries like to spend on their Military. (There's a nice description and photos of the recent IDEX 9th International Defence Exhibition and Conference held at the Abu Dhabi Exhibition center last month here at ...
Monetary Union for GCC - except Oman - but agreement on VAT
Nice to see some actual progress at the AGCC conference, because it seems the old story on a GCC wide, including Oman, Value Added Tax [VAT] continues to rumble along, and as the only viable effective income tax the Governments can introduce at this ...
Oil price continues to plummet - Omani crude $36. Central Bank injects $700 mln of liquidity into Omani banks
As the world recession hits, oil demand falls, speculative cash goes bear, and OPEC fails to act decisively to cut production, the usual is happening - a crash in oil prices, now at their lowest since 2004. And it seems to keep getting worse; see a ...
Oman reduces oil price assuption for 2009 budget from $55 to $45
Oman is cutting the assumed 2009 oil price from $55 a bbl to $45 - a cut of 18%.The Government was already forecasting a deficit based on $55, so indeed there will either have to be some budget cuts, or a big slice of money transferred from the reser...
Oman's Budget and Oil Price Impact
A few days ago the Government published its 2009 budget. News Briefs Oman gives a good summary.First off, its great that the Government does this. Publishing the countries budget is a good thing. Of course, that is nowhere near comparable to what a p...
