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 […]
Transaction cost is an important element in real estate investing as high transaction costs can take a significant chunk out of any capital appreciation that an investor expects
On January 1, 2016 His Majesty Sultan Qaboos bin Said issued a royal decree approving the Sultanate’s 2016 state budget and the country’s ninth five-year development plan, the latter of which covers the period 2016-20.
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 […]
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 […]
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 […]