Oman's GDP registers strong growth of 24 per cent
A recent research by Kuwait-based Global Investment House shows that Oman's GDP registered a strong growth of 24 per cent in 2005, as against 13.7 per cent in 2004. The report attributed this high growth level to healthy international oil prices, higher Liquefied Natural Gas (LNG) exports and investments in new infrastructure projects.
The report added that the Muscat Securities Market (MSM) has reflected a weak performance in the first half of 2006. Nevertheless, the loss incurred by the MSM was the lowest among all the GCC stock markets.