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Oman Vows to Extend Economic Reforms as Its Finances Stabilize

The Mutrah souq in Muscat, Oman.

The Mutrah souq in Muscat, Oman.

Photographer: Christopher Pike/Bloomberg

Oman is set to extend an economic overhaul that has helped to stabilize the finances of the weakest Gulf state, according to its foreign minister. 

“Our fiscal position is now sound and improving,” Sayyid Badr bin Hamad Albusaidi said in a podcast hosted by Al-Monitor. “This gives us really a solid foundation to make real progress toward some of the perhaps ambitious economic goals we have set for ourselves in the vision,” he said, referring to Vision 2040, an economic blueprint.