Show simple item record

Authoral Mukhaini, Ahmed Ali M.
Available date2020-08-31T09:54:35Z
Publication Date2020
Publication NameGulf Insights (Covid-19 in the Gulf) Special Coverage
URIhttp://www.qu.edu.qa/research/gulfstudies-center/publications/gulf-insights
URIhttp://hdl.handle.net/10576/15874
AbstractAs Oman braces itself to embark on the 'Oman 2040 Vision', the year 2020 comes as a year of reckoning in several regards. The death of Sultan Qaboos on 10th January, marked the beginning of an era where state institutions were put to test. Though the power transition was remarkably smooth, and Qaboos' legacy seems to be lending itself well to Sultan Haitham, the new Sultan, in his 60s, is facing unprecedented financial and fiscal challenges. He has in front of him several 'socially intolerable' options, which, as the clock ticks away, are morphing into inevitabilities. If he manages to steer the country to safety through this perilous situation, he will certainly create a legacy parallel to that of Sultan Qaboos when he assumed power in 1970. Plummeting oil prices, successive credit rating downgrades, and COVID-19 economic impacts are mere compounding factors.
Languageen
PublisherGulf Studies Center
SubjectCovid-19
Plummeting Oil
Reckoning
Oman
TitleCOVID-19 and Plummeting Oil Prices; a Time of Reckoning for Oman
TypeArticle
Issue Number19
dc.accessType Open Access


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record