Analysis-Investors forgiving as Oman’s austerity drive hits bumps in the road By Reuters – Investing.com
- Date: 02-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Oman
Analysis-Investors forgiving as Oman’s austerity drive hits bumps in the road By Reuters – Investing.com
By Davide Barbuscia and Lisa Barrington
DUBAI (Reuters) - Oman may be rowing back on an austerity plan to fix its shaky finances in the face of protests over unemployment but investors are cutting the Gulf state's new ruler some slack for now.
Sultan Haitham, who acceded to the throne in January 2020, promised last week on the third day of rare demonstrations in several towns and cities to create 32,000 jobs and subsidise private companies that take on Omanis.
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