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FINANCIAL NEWS
Oman’s 2013 real GDP to grow 6%
03 Apr 2013
(MENAFN) Oman’s Minister of Finance Darwish Al-Balushi, stated that in 2013, the Sultanate’s real gross domestic product (GDP) is projected to expand 6 percent, driven by higher oil prices and spending, reported Xinhua News.
Al-Balushi said that any oil price that exceeds USD85 per barrel would help the country lower its deficit, which was estimated at USD3.1 billion last year.
He added that his country has no plans to issue a sovereign Islamic bond yet, although it legalized Islamic finance in May 2011.
It is worth noting that Oman’s next 5-year plan will cover the period from 2016 to 2020.
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