• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Feature Finance

Oman’s New Rules and Economic Challenges

The Global Economics by The Global Economics
February 2, 2020
in Finance
Reading Time: 1 min read
0
Cityscape view of Muscat

Cityscape view of Muscat

34
SHARES
189
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

The sultan of Oman, Qaboos bin Said Al Said, died at age 79 last month, who ruled for almost 50 years. He had no successors due to which the nation was worried about the next ruler but the succession took place smoothly as the British Royal Family accepted Haitham bin Tariq Al Said, cousin of late Qaboos bin Said Al Said.

Oman has now entered into a new era as the new ruler is now facing strict economic challenges. Usually, Oman used its oil resources to develop its economy and infrastructure but now things have changed as the oil reserves have decreased and the changing global dimensions have reduced the hold of Arab countries to export oil globally. Qaboos during his tenure failed to reduce its dependence on oil reserves and figure out other ways of gaining revenue. Due to these reasons, Oman now has to figure out new ways of developing their economy.

The country also has to revisit its domestic and foreign policy, including military diplomacy. With natural resources now decreasing, they have to focus on job creation and the need for controlled political reforms in the country. The new ruler has an important task to focus on relations with gulf countries (UAE and KSA especially) and to solve the issues with Iran and Qatar as they are their neighbours. Improvement in relations with these would mean an increase in trade among these countries and improvement in the economy.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Ghana’s Parliament Passes $2.8 Billion Debt Restructuring Agreement
Economy

Ghana’s Parliament Passes $2.8 Billion Debt Restructuring Agreement 

by The Global Economics
June 26, 2025
Oman’s Sovereign Wealth Fund Records $4.1 Billion Profit: Global SWF
Funds

Oman’s Sovereign Wealth Fund Records $4.1 Billion Profit: Global SWF 

by The Global Economics
June 25, 2025
Asia Becomes A Hot Spot For Foreign Inflows With Malaysia Recording Highest Inflows
Economy

Asia Becomes A Hot Spot For Foreign Inflows

by The Global Economics
June 19, 2025
New Green Loans Plan By Bank Could Attract Billions In Climate Finance
Climate

New Green Loans Plan By Bank Could Attract Billions In Climate Finance 

by The Global Economics
June 17, 2025
Chime Shares Jump 59% As It Makes Nasdaq Debut
Markets

Chime Shares Jump 59% As It Makes Nasdaq Debut 

by The Global Economics
June 13, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Saudi Arabia's PIF Reaches $1 Trillion, Making a Global Milestone

Saudi Arabia’s PIF Reaches $1 Trillion, Making a Global Milestone

July 7, 2025
Japan To Increase Wages For Third Time Amid Labour Shortages

Japan To Increase Wages For Third Time Amid Labour Shortages 

July 4, 2025
Indonesia Removes Visa Rules for Brazilian and Turkish Citizens to Push Tourism

Indonesia Removes Visa Rules for Brazilian and Turkish Citizens to Push Tourism

July 3, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version