Higher oil prices provide fiscal breather for Oman: CBO chief
Rising international crude prices, while relatively modest, have offered a modicum of respite from Oman’s fiscal challenges, as well as buoyed hopes for a revival of stalled developmental programmes, according to the Executive President of the Central Bank of Oman (CBO). Tahir bin Salim al Amri (pictured) said the extra revenues accruing to the Sultanate’s finances on account of the uptick in oil prices would help shore up the nation’s constrained fiscal situation.
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