Economics
Gulf State Most Vulnerable to Oil War Seeks Over $1 Billion
- Oman is in talks with local and global banks to raise a loan
- Country is rated junk and still dealing with 2014 oil slump
A fish trader moves a basket of fresh fish at the Mutrah fish market in Muscat, Oman.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
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Oman, the Gulf country most exposed to the fallout from the oil-price war, plans to raise more than $1 billion in loans in the first half of this year to bridge its budget deficit, according to people with knowledge of the plans.