Improved Prospects For Omani Economy, Says Central Bank
The latest report of the Central Bank of Oman (CBO) points to encouraging prospects for the national economy on the back of an increased oil price the average price for Omani crude in 1999 was $17.35/B compared to $11.92/B the previous year. According to a statement from the bank, higher oil revenues resulted in an improved fiscal balance and reduced the countrys external current account gap. "Overall...
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