Oman Sees Economic Weaknesses Play A Geopolitical Role

...l revenues. But it never fully recovered from 2014’s oil price crash. Coupled with a post-Arab Spring spending spree, this saw its debt balloon from $4bn in 2013 to $50bn just seven years later. This year’s collapse in oil prices added insult to injury. Revenues fell from $14.3bn in 1H 2019 to $12...