Oman’s economy contracted by 13.8% in nominal terms in 2015 as the ongoing low oil price environment squeezed growth and led to the largest budget deficit in

Oman’s GDP grew 4.6% between 2013 and 2014 according to the Oman Central Bank, with hydrocarbons the main driver of the economy at almost 50% of GDP. Although

As with most of its neighbours in the GCC region, oil and gas remains a significant contributor to Oman’s economy, accounting for around 50% of GDP. While the