Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish al-Balushi said.Oman's budget deficit swelled to almost 22 percent of gross domestic product in 2016, according to the International Monetary Fund.With smaller oil reserves and less of a cushion in government savings than its wealthier neighbors, Oman is one of the most vulnerable countries within the Gulf Cooperation Council as lower oil prices pressure state finances.Along with other GCC countries, Oman plans to implement a value added tax.
FOLLOW THIS ARTICLE