One of the Gulf’s smallest stock markets could become one of its best-performing this year as the government spends heavily to stimulate economic growth and create jobs.
Oman’s stock index edged up just 1.2 percent last year. It outperformed Qatar and Bahrain, which fell, but lagged far behind a 19.9 percent jump by Dubai and Saudi Arabia’s 6.0 percent gain.
The Omani economy, however, can count this year on strong support from the government: Finance Minister Darwish al-Balushi announced on Wednesday a 2013 state budget that was loaded with job promotion schemes and infrastructure projects.
Government spending may boost Oman’s tiny bourse
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