Oman’s economy is ‘over the worst’ says leading economist | Arab News

Oman’s economy is ‘over the worst’ says leading economist | Arab News:

"Oman’s economy is set to receive a ‘much-needed’ boost from additional revenue due to the rise in prices of oil barrels, according to the country’s investment fund chief economist, Fabio Scacciavillani. “The most difficult phase for the economy is coming to an end,” Scacciavillani told the Times of Oman. OPEC agreed to a production cut late last year which allowed the prices to rise, prompting Oman’s crude oil cost to rise above $67 — a three-year high for the gulf nation."



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