Oman: Relying on strategic location as debt mounts

New Country Views


Relying on strategic location as debt mounts

  • What are the reasons behind the IMF's growth projection revisions for Oman and why is the Arabia Monitor view more optimistic?
  • What alternatives does the government have to ease fiscal pressure in the short and long term?
  • How is the sultanate balancing its regional and international alliances, especially with Iran and the US, through its strategic port of Duqm?

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New Regional Views

China's Belt & Road Forum:

Deals for UAE, Saudi Arabia & Egypt

  • The UAE was a clear winner at April’s Second Belt and Road (BRI) Forum for International Cooperation in Beijing, with deals worth USD 3.4B, 5% of the total value of deals signed at the Forum.
  • Sino-Saudi relations extended beyond trade in crude to aquaculture, an emerging diversification opportunity with large growth potential.
  • Egyptian President Abdel Fatah El Sisi’s visit to China and deals signed on the sidelines of the Forum are significant given the importance of the BRI for Africa, especially with Egypt as the current chair of the African Union.

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