The increasing overall surplus year after year on account of upward moving oil prices and the resultant liquidity has proved to be a boon for the real estate sector that is now sought to be the highest income yielding investment in the Sultanate.

Arab leaders were working towards holding an eight-state Arab summit in Cairo or Sharm el-Sheikh ahead of the Arab Summit due in Damascus March 29-30.

Moody's Investors Service explains in its new sovereign credit report on Oman that the country's investment grade A2 foreign and local currency government bond ratings with a stable outlook primarily reflect the very strong public finances, with the