The debt-ridden sultanate’s economic fortunes are on the up thanks to higher oil prices and increased products exports. Oman’s deficit through the first five months of 2018 is down 46% year-on-year—a trend likely to continue as the year progresses.  

Oman’s economy got off to a positive start this year despite increasingly alarmist projections from ratings agencies and the IMF citing the country’s tepid fiscal outlook (MEES, 24 November 2017). Through...