Category: Opinion

ECONOMY
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Tapping tourism potential

The Sultanate’s tourism industry is poised to play an important role in Oman’s near-term move away from hydrocarbons reliance, and in its long-term economic growth plan The oil price drop between June 2014 and January 2016 – when oil fell below $30 a barrel – threw the economic dangers of an over-reliance on hydrocarbons into […]

Opinion
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Bet on emerging markets

The year 2016 has been a sanguine year for emerging markets after five brutal years of underperformance relative to the US, Europe and even Japan. The spectacular 70 per cent rise in oil prices since last February, a 20 per cent rally in gold and industrial metals, the failure of the Federal Reserve not to […]

Opinion
Economy
Bricks and Mortar

Lower-quality properties have been struggling into 2016, while the higher end continues to forge ahead   While some of Oman’s current residential, retail and office property stock is struggling to get off agents’ books, at the higher end of the market, the picture is a lot sunnier. In this, the Sultanate resembles many other countries […]

Opinion
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King Dollar to reign Planet Forex

The most prominent theme in the world currency market in the past year has been the spectacular rise of the US dollar against the Euro, the Japanese yen, commodity currencies and above all, emerging markets.

Opinion
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Revisiting subsides in Bahrain – by Dr Jasim Husain Ali

The authorities in Bahrain have never been so determined to overhaul governmental subsidies as part of efforts to streamline public finance. The starting point for the new trend focuses on ending subsidies on red meat, possibly followed by reengineering prices for utilities as well as petroleum products. A critical logic behind the push relates to […]

Opinion
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New opportunities – by Oliver Cornock

In May 2015, LuLu Hypermarkets, an Abu Dhabi-based retailer, announced that it planned to expand its operations in Oman in the coming years. “We are committed to extending our footprint, with plans to open five new stores [in the Sultanate] in the next 18 months,” said Yusuff Ali, the company’s managing director, at a press […]

Opinion
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Free fall of emerging market currencies – by Matein Khalid

Emerging market currencies, now trading at their weakest level since the Bernanke Fed’s “taper tantrum” in May 2013, face multiple risks in the last quarter of 2015. Federal Reserve rate hikes, contagion from China’s financial market turmoil/yuan devaluation, collapse in oil prices (West Texas crude prices have fallen by a shocking 25 per cent since […]



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