Skip to main content

Posts

Showing posts from November, 2012

Oman: Steady as it goes

Featured teaser: The advantages of investing in Oman include a strong macroeconomic situation and a business-friendly environment, writes Celine Salloum of Zawya. Story page head: Oman funds industry remains on an even keel By Celine Salloum of Zawya As a middle-income country with an economy based primarily on dwindling hydrocarbon resources, Oman plays a firm but active role as a member of the Gulf Cooperation Council (GCC). As markets unveil higher volatility and with no easy solutions in sight to the problems of the developed world, fund managers are struggling to adapt and clients are increasingly becoming restless. The situation in the GCC is no different. Companies continue to struggle in growing their assets under management (AUM) and making ends meet. The Gulf economies have made massive improvements over the past year with greater growth and government spending lifting the prospects of many key companies. The advantages of investing in Oman in