Monday, 23 September 2019

#Oman not in talks with Gulf countries for financial aid, sees growth at 1.1% - Reuters

Oman not in talks with Gulf countries for financial aid, sees growth at 1.1% - Reuters:

Oman is not in discussions with Gulf countries for any aid package, an official said, despite a large fiscal deficit and expectations of a slowdown in economic growth this year.

“Not from our side. I have not discussed anything,” Tahir Al Amri, executive president of the central bank, told reporters in Kuwait ahead of a banking conference this week.

The Gulf state’s finances have been hurt by a slump in oil prices in recent years.

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