Oman: New Loan Program for Businesses Affected by COVID-19 S&P: Problem Loans in Turkish Banking Sector to Exceed 20% by 2021

The sultanate has switched to a fiscal surplus in the first four months of the year after it cut public spending amid low oil prices and the COVID-19 crisis, official figures showed.

Oman has over $20 billion in outstanding bonds rated junk by major rating agencies. However, severe cuts in public expenditure have led to a surplus of 134.2 million […]