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Economy Of Oman
The economy of Oman is mainly centered around its oil sector, with fishing and trading activities located around its coastal regions. When oil was discovered in 1964, the production and export increased significantly. The government has made plans to diversify away from oil under its privatization and Omanization policies. This has helped raise Oman's GDP per capita continuously in the past 50 years. It grew 339% in the 1960s, reaching a peak growth of 1,370% in the 1970s. Similar to the pricing of all other commodities, the price of oil is subject to significant fluctuations over time, especially those associated with the business cycle. A commodity's price will rise sharply when demand, like that for oil, outpaces supply; meanwhile, when supply outpaces demand, prices will fall. It scaled back to a modest 13% growth in the 1980s and rose again to 34% in the 1990s. Oman joined the Gulf Cooperation Council in 1981 with the aim of establishing a customs union, a common market an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruwi
Ruwi () is a commercial hub and the main business area of Muscat, the capital of Oman Oman, officially the Sultanate of Oman, is a country located on the southeastern coast of the Arabian Peninsula in West Asia and the Middle East. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. Oman’s coastline .... Attractions in Ruwi include a variety of multi-confessional religious buildings, a National Museum, a clock tower, and a park. The population of Ruwi is 85,601. The southeastern portion of the district has been dubbed as "Little Pakistan" and "Little India" due to a huge number of South Asians from either country residing there. History Ruwi was initially a small fishing village with only a few houses, located near the bay. During the reign of Sultan Said bin Sultan Al-Busaidi, it grew into a town with several shops, a police station, and a few homes. In the late 19th century, the first road was built in the region, connecting Muscat to Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ease Of Doing Business Index
Ease or EASE may refer to: Computing * Ease (programming language) * Enhanced Acoustic Simulator for Engineers, software for optimizing acoustics Health and medicine * Methylone, marketed briefly in New Zealand as Ease *Examination of Anomalous Self-Experience, to detect self-disorder Other uses * Ease (sewing), the amount of room a garment allows the wearer beyond the measurements of their body * ''Ease'', a 1985 novel by Patrick Gale * EASE/ACCESS, a pair of 1985 space shuttle flight experiments * European Association of Science Editors, a non-profit membership organisation See also * *Easy (other) * At Ease * Usability *Ease-in and ease-out, methods of inbetweening in animation {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilda Al-Hinai
Hilda al-Hinai, Arabic: هيلدا الهنائي, is an Omani diplomat and economist, who is Director of the Sultanate of Oman's delegation to the World Trade Organisation (WTO). She has been outspoken about the role of Arab countries within the WTO, and the lack of influence that all Arab states, apart from Saudi Arabia, have within it. She was chair of the working party which enabled the entry of the Seychelles Seychelles (, ; ), officially the Republic of Seychelles (; Seychellois Creole: ), is an island country and archipelagic state consisting of 155 islands (as per the Constitution) in the Indian Ocean. Its capital and largest city, Victoria, ... into the WTO. During negotiations, she was praised for working for the interests of the Seychelles rather than the wider WTO organisation itself. She has previously held the role of Deputy Permanent Representative to the Permanent Mission of the Sultanate of Oman to the United Nations. Al-Hinai has spoken openly about the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberalization
Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used most often in relation to economics, where it refers to economic liberalization, the removal or reduction of restrictions placed upon (a particular sphere of) economic activity. However, liberalization can also be used as a synonym for decriminalization or legalization (the act of making something legal after it used to be illegal), for example when describing drug liberalization. In economy and trade Economic liberalization refers to the reduction or elimination of government regulations or restrictions on private business and trade. It is usually promoted by advocates of free markets and free trade, whose ideology is also called economic liberalism. Economic liberalization also often involves reductions of taxes, social security, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muttrah Souq
Muttrah, () administratively a province, is located in the Muscat Governorate of Oman. Before the discovery of oil in Oman, Muttrah was the center of commerce in Oman (Muscat). It is still a center of commerce as one of the largest seaports of the region is located there. Other landmarks include Souq Muttrah, a traditional bazaar and Sour Al-Lawatiah, a small community of houses surrounded by an old wall. To the south lies Muscat District. Demographics Muttrah had an estimated population of about 8,000 people when diplomat Edmund Roberts visited in the early 1830s. The district population was 234,225 as of 2022, down from 234,225 in 2016. It's the most densely populated province in the nation. The Sūr al-Luwātiyah neighborhood is home to the al-Luwātiyah tribe, which speaks the Indo-Aryan Luwati language. The language and people were first mentioned historically by the Omani historian Ibn Ruzayq. The Luwātiyah appeared to have settled in Oman in waves of immigration ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Currency
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). There are three types of currency unions: * ''Informal'' – unilateral adoption of a foreign currency. * ''Formal'' – adoption of foreign currency by virtue of bilateral or multilateral agreement with the monetary authority, sometimes supplemented by issue of local currency in currency peg regime. * ''Formal with common policy'' – establishment by multiple countries of a common monetary policy and monetary authority for their common currency. The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency. Advantages and disadvantages Implementing a new cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Market
A single market, sometimes called common market or internal market, is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production ( capital and labour) and of enterprise and services. The goal is that the movement of capital, labour, goods, and services between the members is as easy as within them. The physical (borders), technical (standards) and fiscal (taxes) barriers among the member states are removed to the maximum extent possible. These barriers obstruct the freedom of movement of the four factors of production (goods, capital, services, workers). A common market is usually referred to as the first stage towards the creation of a single market. It usually is built upon a free trade area with no tariffs for goods and relatively free movement of capital, workers and services, but not so advanced in reduction of other trade barriers. A unified ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Customs Union
A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.GATTArticle 24 s. 8 (a) Customs unions are established through trade pacts where the participant countries set up common external trade policy (in some cases they use different import quotas). Common competition policy is also helpful to avoid ''competition deficiency''. Reasons for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. It is the third stage of economic integration. Every economic union, customs and monetary union and economic and monetary union includes a customs union. WTO definition The General Agreement on Tariffs and Trade, part of the World Trade Organization framework defines a customs union in the following way: Historical background The German Customs Union, the Zollverein, which was established in 1834, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GDP Per Capita
This is a list of countries by nominal GDP per capita. GDP per capita is the total value of a country's finished goods and services (gross domestic product) divided by its total population (per capita). Gross domestic product (GDP) per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita. Comparisons of GDP per capita are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries, ''see'' List of countries by GDP (PPP) per capita. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oman
Oman, officially the Sultanate of Oman, is a country located on the southeastern coast of the Arabian Peninsula in West Asia and the Middle East. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. Oman’s coastline faces the Arabian Sea to the southeast and the Gulf of Oman on the northeast. The exclaves of Madha and Musandam Governorate, Musandam are surrounded by the United Arab Emirates on their land borders, while Musandam’s coastal boundaries are formed by the Strait of Hormuz and the Gulf of Oman. The capital and largest city is Muscat. With a population of approximately 5.46 million and an area of 309,500 km2 (119,500 sq mi), Oman is the Countries with highest population, 123rd most-populous country. From the 18th century, the Omani Sultanate was Omani Empire, an empire, competing with the Portuguese Empire, Portuguese and British Empire, British empires for influence in the Persian Gulf and the Indian Ocean. At its peak in the 19th ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fitch Group
Fitch Ratings Inc. is an American credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the " Big Three credit rating agencies", along with Moody's and Standard & Poor's. History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 80 percent following expansions on an original acquisition of 20 percent interest in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
