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Topic: Economy of Oman


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In the News (Fri 27 Nov 09)

  
  Oman - Encyclopedia, History, Geography and Biography
Oman constituted one of the Satrapies of the Persian Empire.
Oman is considered to be one of the fifteen states that comprise the so-called "Cradle of Humanity".
The economy of Oman is dominated by its dependence on crude oil.
www.arikah.net /encyclopedia/Oman   (1788 words)

  
 Oman ECONOMY   (Site not responding. Last check: 2007-10-10)
Oman's location at the entrance to the Persian Gulf for centuries made it an entrepôt for trade, including a substantial traffic in arms and slaves.
Oman's economy then became predominantly dependent on agriculture and fishing.
Two major extensions of Oman's pipeline connections from gas deposits in the center of the country were completed in August 2002: a pipeline to the north coast at Sohar and a pipeline to the south coast at Salalah.
www.nationsencyclopedia.com /Asia-and-Oceania/Oman-ECONOMY.html   (335 words)

  
 meepas Oman country profile — Oman economy, Oman politics, Strengths   (Site not responding. Last check: 2007-10-10)
Oman currently does not have any border disputes with any of its members as Oman and the UAE resolved a border dispute in 1981; Oman and the Yemen normalized relations in 1982; whilst Oman and Saudi Arabia signed a treaty in 1991 ending a long-standing territorial dispute concerning the Al Buraymi Oasis.
Oman is a member of the GCC common market where goods can be traded between Oman and the other GCC countries with no taxes.
Oman's coasts bordering the Arabian Sea, the strategically important Strait of Hormuz and the Indian Ocean are considered as a strength for the country as its strategic location allows closer access to international markets and clients, especially in the far east and the Indian subcontinent.
www.meepas.com /Omanstrengths.htm   (548 words)

  
 Oman Economy
When Oman declined as an entrepot for arms and slaves in the mid-19th century, much of its former prosperity was lost, and the economy turned almost exclusively to agriculture, camel and goat herding, fishing, and traditional handicrafts.
Oman became a member of the World Trade Organization in October 2000, and continues to amend its financial and commercial practices to conform to international standards.
In an effort to diversify the economy, in the early 1980s, the government built a $200-million copper mining and refining plant at Sohar.
www.traveldocs.com /om/economy.htm   (896 words)

  
 Oman History & Oman Culture | iExplore.com
The Council of Oman functions as an advisory body and is comprised of the 82-member Majlis as-Shura (Consultative Council) and the 41-member Majlis al-Dawlah (Council of State).
Oman was acutely underdeveloped until the discovery of oil and natural gas in the early 1970s; in 2004, this accounted for 56 per cent of the country’s export earnings.
Agriculture, owing to Oman’s desert land, is confined to the coastal plain and a few irrigated areas in the interior.
www.iexplore.com /dmap/Oman/History   (747 words)

  
 Oman (10/06)
Oman was the object of Franco-British rivalry throughout the 18th century.
Oman is concerned with regional stability and security, given tensions in the region, the proximity of Iran and Iraq, and the potential threat of political Islam.
Oman maintained its diplomatic relations with Iraq throughout the Gulf War while supporting the UN allies by sending a contingent of troops to join coalition forces and by opening up to prepositioning of weapons and supplies.
www.state.gov /r/pa/ei/bgn/35834.htm   (4726 words)

  
 Oman - Oman -- The Economy
Oman, however, lagged behind such neighboring gulf amirates as Kuwait and the UAE as a result of the late discovery of oil, financial constraints, and political instability in the first half of the 1970s.
By the latter half of the 1980s, Oman emerged as a middle-income country after entering the development process as one of the poorest Arab states.
As a result, in 1993 Oman's economy was dominated by the petroleum sector and the services sector.
www.country-data.com /cgi-bin/query/r-9684.html   (392 words)

  
 Times of Oman   (Site not responding. Last check: 2007-10-10)
The private sector was represented by the Oman Chamber of Commerce and Industry and the remainder by the Government.
Oman enjoys a stable political, economic, and social system, which is enhanced by the excellent relationships between the Sultanate and neighboring countries.
Oman's Basic Statute of the State expresses in Article 11, that, "The National Economy is based on justice and the principles of a free economy."
www.timesofoman.com /omaneconomy.asp   (607 words)

  
 Oman: Economy
Oman has other mineral resources, like copper, asbestos and marble, but this is little exploited.
Oman has 3 newspapers, of which 1 is issued in English.
Oman has high levels on dispersion of telephones, TV-sets and radios.
lexicorient.com /e.o/oman_2.htm   (206 words)

  
 meepas Oman country profile — Oman economy, Oman politics, Weaknesses   (Site not responding. Last check: 2007-10-10)
Although Oman plans to reduce its economy's dependence on oil by that time, the absence of oil as a regular revenue stream will be felt on the country's economy.
This fact exposes the country's economy to a number of risks, such as lack of important professional skills possessed by Omanis as the opportunity to attain and practice them is given to their lower cost foreign competitors.
Furthermore in time of conflict with the country/ies where the workers come from Oman may face the possibility of losing an important part of its workforce as some of the workers may leave, or may be forced to leave.
www.meepas.com /Omanweaknesses.htm   (1104 words)

  
 Oman - Economy
Oman is a middle-income economy in the Middle East with notable oil and gas resources, a substantial trade surplus, and low inflation.
Oman continues to liberalize its markets and joined the World Trade Organization (WTO) in November 2000.
In 2005, Oman signed agreements with several foreign investors to boost oil reserves, build and operate a power plant, and develop a second mobile phone network in the country.
www.exxun.com /Oman/e_ec.html   (491 words)

  
 Economy of Oman - Wikipedia, the free encyclopedia
Oman is a remarkably stable country in the Middle East.
Oman's economic performance improved significantly in 1999 due largely to the mid-year upturn in oil prices.
Oman continues to liberalize its markets in an effort to accede to the World Trade Organization (WTrO) and is likely to gain membership in 2000.
en.wikipedia.org /wiki/Economy_of_Oman   (1185 words)

  
 [No title]   (Site not responding. Last check: 2007-10-10)
Prior to the discovery and exploitation of oil and natural gas in the Sultanate of Oman in the mid-1960’s, its economy used to consist mostly of fishing, agriculture and traditional crafts such as boat-making.
However, Oman's economy today maintains a largely traditional sector based on agriculture and the country had also managed to develop a modern economic sector based on oil.
Oman's production of oil and natural gas accounts for 76% of the value of all the country’s exports; it is considered modest compared to other Persian Gulf nations,.
www.arab.net /oman/on_economy.htm   (368 words)

  
 Economy - Oman - Middle East: exploitation oil, economy oman, economy oil, oil production, government services
Before the discovery and exploitation of oil and natural gas in the mid-1960s, Oman’s economy consisted mostly of agriculture, fishing, and traditional crafts such as boatmaking.
Today, while Oman’s economy maintains a largely traditional sector based on agriculture, it also has a rapidly growing modern sector based on oil.
Despite its large contribution to the economy, the oil and gas sector employs only 2 percent of the workforce.
www.countriesquest.com /middle_east/oman/economy.htm   (217 words)

  
 Economy Of Oman   (Site not responding. Last check: 2007-10-10)
Oman is a small, well-off middle Eastern economy with large oil and gas resources, a substantial trade surplus, and low inflation.
If you would like to use this flag of Oman or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Oman or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/oman_country_economy.shtml   (409 words)

  
 Economy - Oman - (Legal500.com)
The combination of Oman's increasingly free market economy, government incentives such as tax holidays, and the ongoing development of free zones throughout the country, has paved the way for significant amounts of direct foreign investment.
Oman has a gloriously diverse landscape as well as towns and villages steeped in history, with ancient forts and mosques.
Oman's many industrial projects also continue apace; to name but two, the Sohar aluminium smelter project is now nearing financial closure, while in the Sur region, the Oman-India Fertiliser Company has almost completed its joint venture for the development of a US$600m fertiliser plant.
www.icclaw.com /lfe/edit/om5.htm   (408 words)

  
 Doing Business in Oman - Economy
The Omani economy is based on the policy of free economy that fosters perfect competition, freedom of markets and price mechanism as the main guiding elements of the national economy, that depends basically on one single sector, the oil.
Oman, accordingly pursues a policy of economic diversification and fair distribution of development to a larger section of the society as directed by His Majesty Sultan Qaboos bin Said.
The Sultanate enjoys full freedom of import from and export to the international markets and the degree of openness of the Omani economy reflects the philosophy of the country’s economic policy and the extent of its relations with the outer world.
www.chamberoman.com /doing_occi_economy.asp   (534 words)

  
 Persian Gulf States Oman - the Economy   (Site not responding. Last check: 2007-10-10)
Omani economic development may be divided into three phases: a period of rapid expansion between 1970 and 1986; economic retrenchment and rationalization between 1986 and 1989 as a result of the 1985-86 oil price collapse; and a period of stabilized growth since 1990.
Economic growth and structural change have proceeded rapidly in Oman during the rule of Sultan Qabus ibn Said.
In 1960 agriculture accounted for 75 percent of the gross domestic product; by Oman's fiscal year 1991, its share had fallen to less than 3 percent.
www.country-studies.com /persian-gulf-states/oman---the-economy.html   (398 words)

  
 Oman Visa Application - Tourist Visas, Business Visas, Expedited Visas - Oman Page
Oman's moderate, independent foreign policy has sought to maintain good relations with all Middle Eastern countries.
Some 600,000 expatriates live in Oman, most of whom are guest workers from South Asia, Egypt, Jordan, and the Philippines.
Oman adopted Islam in the seventh century A.D., during the lifetime of the Prophet Muhammad.
www.travisa.com /Oman/Oman.htm   (368 words)

  
 Oman - Wikipedia, the free encyclopedia
Oman was then taken by the Ottomans in 1659.
Oman • Palestine • Qatar • Saudi Arabia • Somalia • Sudan • Syria • Tunisia • United Arab Emirates • Yemen
Oman • Pakistan • Palestine • Qatar • Saudi Arabia • Senegal • Sierra Leone • Somalia • Sudan • Surinam • Syria • Tajikistan • Turkey • Tunisia • Togo • Turkmenistan • Uganda • Uzbekistan • United Arab Emirates • Yemen
en.wikipedia.org /wiki/Oman   (2008 words)

  
 OMAN: Oman Studies Centre (Main Page)   (Site not responding. Last check: 2007-10-10)
The Oman Studies Centre was founded in Germany in 1975 as a documentation centre on Oman and the Arabian Gulf.
It is an independent, non-governmental and non-profit academic institution which mainly collects information on Oman to assist and coordinate research on Oman and to promote interest in Oman.
This provisional webpage is a first step towards the transformation of the Oman Studies Centre into a virtual documentation centre (see also the Oman Internet Project page).
www.oman.org   (321 words)

  
 Economy of Oman
Today, oil fuels the economy and revenues from petroleum products have enabled Oman's dramatic development over the past 30 years.
An LNG processing plant located in Sur was opened in 2000, with production capacity of 6.6 million tons/YR, as well as unsubstantial gas liquids, including condensates.
Nevertheless, in recent years, it has found more oil than it has produced, and total proven reserves rose to more than 5 billion barrels by the mid-1990s.
www.motherearthtravel.com /oman/economy.htm   (810 words)

  
 Mining - Economy - Oman - Middle East: large natural, oil production, proven reserves, gas reserves
Although modest in comparison to other Persian Gulf nations, Oman’s production of oil and natural gas accounts for 77 percent of the value of all exports.
Oman’s oil production (326 million barrels in 1999) is depleting proven reserves by some 6 percent a year.
Oman also has large natural gas reserves that it has begun to exploit.
www.countriesquest.com /middle_east/oman/economy/mining.htm   (83 words)

  
 oman business climate   (Site not responding. Last check: 2007-10-10)
Oman's government policy is to create a national economy based on private enterprise in a competitive environment devoid of monopolistic practices.
New laws and regulations were introduced to promote the diversification of the economy and the involvement of the private and foreign capital.  The Government strategy for economic development has been based on a series of five-year development plans.
A fundamental requisite sought for by countries which hope to ascend to the same level of the progressive countries in diversification of income sources.1 Realizing this fact our rightly guided Government has been giving support and encouragement to the industrial sector due to its essential role in accelerating development wheel.
www.omaninfo.com /oman/business.asp   (357 words)

  
 Citibank to exit Oman | Finance and Economy
Citibank is closing down in Oman after the recent sale of its small loan portfolio to BankMuscat.
A statement said customers in Oman will now be serviced from the UAE and Bahrain.
No reason for the decision by the largest bank in the world to leave Oman was given, except to say this followed an internal review.
www.ameinfo.com /32821.html   (291 words)

  
 The Country and People of Oman
Oman comprises a coastal plain and an interior region of hills and desert.
Oman and the IMF Position in the fund, reports....
Oman Studies Centre Encouraging the study of Oman's history and of the social, economic and cultural conditions
www.hejleh.com /countries/oman.html   (2017 words)

  
 Oman - Education Links
Notes on Oman from the Department of State.
Geological database and and research discoveries in Oman.
From the Stone Age to the present, a history of Oman.
www.mepc.org /resources_links/Oman.asp   (351 words)

  
 Oman Economy 1998 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
Economy - overview Economic performance is closely tied to the fortunes of the oil industry.
Oman has proved oil reserves of 4 billion barrels, equivalent to about 20 years' production at the current rate of extraction.
Agriculture is carried on at a subsistence level and the general population depends on imported food.
www.greekorthodoxchurch.org /wfb1998/oman/oman_economy.html   (299 words)

  
 Oman Forex   (Site not responding. Last check: 2007-10-10)
There are no restrictions on the import or export of local or foreign currency.
The Central Bank of Oman has over the years evolved a regulatory framework, which aims at promoting a sound banking system.
It has introduced sufficient safeguards which minimises banks’ exposure to credit risk and imparts stability to the financial markets.
capital-forex-market.com /country/arab/oman.html   (210 words)

  
 Oman from go2wo
Encyclopedia of the Orient - Oman - politics, economy, health and education, maps, people and religion, history
Governments on the WWW - Oman - comprehensive database of governmental institutions - parliaments, ministries, offices, law courts, embassies, etc
Oman Studies Centre (Germany) - history, culture, society, and economy
www.go2wo.com /oman   (267 words)

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