Oman’s Subsidies in the News again

as they hit 12% of Government Expenditure

Once again Oman’s subsidies made to a variety of products is a feature of an article; today in the Times of Oman. In Oman Total subsidy and exemption estimate for 2015 is at OMR1.8 billion (thats USDollar 4.67Billion) says the Times of Oman and it will be entrenched further with the establishment of the ‘strategic food reserve’ .

According to Reuters, Oman Government expenditure this year is estimated at 14.1 billion rials ($36.6 billion).
So subsidy is about 12% of Government expenditure – which incurred a deficit of OMR1.06 billion in 2014 and is projected to increase to OMR2.5 billion in 2015.

Oman Oil waiting for Customers
Oman Oil waiting for Customers

According to Boston Consulting – private wealth in Oman Continue reading “Oman’s Subsidies in the News again”

Throw Down the Anchor

your guide to Muttrah Souq

If you have ever wandered around Mutrah Souq and wondered about its history the book Thrown Down the Anchor is a great read, written by Maxine Burden. Its full of personal recollections of the time, not so long ago, when the souq was the hub of all things commercial in the Muscat area.

Throw Down the Anchor - the story of Mutrah Souq
Throw Down the Anchor – The Story of Mutrah Souq

Fortunately, it includes all personalities Continue reading “Throw Down the Anchor”