There are many tourism projects currently in progress and various international hotel chains that are set to open in the next couple of years. In addition, with the opening of the new Muscat International Airport, the Sultanate will have the capacity to welcome a lot more travellers, says Garry Friend, General Manager, Grand Hyatt.
Ahmed Amor Al-Esry, Managing Partner, Ernst & Young Oman shares his insights on oil prices and its ramifications for Oman’s economy. An OER report.
Expansion of retail spaces and the preference of the populace for different types of retail experiment will fuel the growth momentum, says P Chandrasekhr, Group General Manager, Jawad Sultan Group. The year 2014 will end as per our expectation, given the fact that there have been changes globally and in the region, on political and […]
The Gulf region has had 10 years of abundance. But that decade of plenty is done. The drop in oil prices will hurt performance in the near term, even if the Gulf’s buffers are powerful enough to ensure there is no crisis, says Simon Williams, chief economist, Central and Eastern Europe, Middle East and Africa, at HSBC.