Oman's economy is robust and expected to grow by five per cent this year, the Gulf country's central bank head Hamood Sangour Al Zadjali said yesterday, adding that the country may issue sovereign debt of 200 million rials ($518m).
"The local economy is in an excellent condition. We expect growth of 5pc this year. Inflation is under control, somewhere between 3.5pc to 4pc," the sultanate's top banker said.
"We have plans to issue 200m rials in sovereign bonds this year. It's in the budget. We're waiting for the right time."
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