The upgrade reflects Oman’s commitment to deleveraging its balance sheet and advancing its structural reform agenda
The ratings agency said the positive outlook reflects Saudi Arabia’s potential to bring in more reforms and investments
The ratings agency expects Oman’s real GDP to expand by about 2 per cent per year on average during the 2024-2027 period
The country plans to levy a 9 per cent corporate tax from June 2023
The city is hosting the World Expo 2020 this year, and it hopes to attract millions of tourists
Oman’s fiscal deficit may narrow to 4.2 per cent of gross domestic product in 2021
The sovereign credit rating was cut one level to A+ from AA-