It is for Oman to make the tough choices | GulfNews.com:
"Recently, conflicting political and economic reports have been emerging about Oman. On a positive note, the Omani capital of Muscat was in the spotlight by hosting a high-profile meeting between the US, the EU and Iran over Tehran’s nuclear programme.
Signalling a major diplomatic success for the sultanate, the meeting was the first of its kind within the Gulf Cooperation Council (GCC) on a topic of such significance to the six-nation grouping.
On the negative side, the meeting coincided with a disturbing piece of news raised by the rating agency Standard & Poor’s about the sultanate’s public finance levels. The cause of the concern is understandable, namely the adverse effect of a steady drop in oil prices on the state of the broader economy."
'via Blog this'
No comments:
Post a Comment