Oman is a country in Southwest Asia on the coast of the Arabian Sea, Gulf of Oman, and the Persian Gulf. Neighboring countries include Saudi Arabia, United Arab Emirates, and Yemen. Oman has a strategic location on the Arabian Peninsula adjacent to the Strait of Hormuz, a vital transit point for crude oil. The geography of Oman is mountainous and arid. The government system is a monarchy; the chief of state and head of government is the sultan and prime Minister. Oman is a member of the League of Arab States (Arab League) and the Gulf Cooperation Council (GCC).
Oman’s small, open The management of money, currency and trade of a nation. The... is driven mainly by energy. A fee imposed by a government on personal or corporate incom... rates are competitively low, and foreign Money or capital that is invested in a business or in an acc... is generally welcome. Recognizing the need for a more broad-based and vibrant The part of a country's economy which is owned and run for p..., Oman has undertaken regulatory reforms and modernization of its The management of money, currency and trade of a nation. The....
Oman is heavily dependent on its dwindling oil resources, which generate 84% of government revenue. In 2015, low global oil prices drove Oman’s Allocation of funds or the estimation of costs for a departm... deficit to $6.5 billion, or nearly 11% of GDP. Oman has limited foreign Anything of value which is owned by an individual, company, ... and is issuing Money owed to another person or organisation, such as a loan... to cover its deficit. Oman is using enhanced oil recovery techniques to boost production and has actively pursued a development plan that focuses on The act or strategy of growing a business/brand by developin..., industrialization, and privatization, with the objective of reducing the oil sector’s contribution to GDP from 46% at present to 9% by 2020. Tourism and gas-based industries are key components of the government’s The act or strategy of growing a business/brand by developin... strategy.
- Country ISO3 : OMN
- Country Code : 512
- Income Group : High income
- Lending Category : Peer-to-peer is a model for computer connectivity and file-
- Region : Middle East & North Africa
- Currency Unit: Rial Omani
- WTO Member : Yes
- The buying and selling or exchange of goods and services. Th... organisations : WTO
- world rank : 52
- Regional Ranking : 6th in the Middle East/North Africa Region