S&P revises Oman's outlook to positive
Muscat: Standard & Poor’s (S&P) revised the outlook for the Sultanate of Oman to positive from stable and affirmed the credit rating at BB+ on Saturday.According to the Ministry of Finance, this revision is due to ongoing improvement in the state's public fiscal performance, which includes achieving surpluses and government efforts to reduce net public debt.As per the S&P expectations, the real GDP growth is expected to grow by 1.6 percent in 2023 to two percent during the 2024-27 period.The...