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Latest articles in Oman

Iran and Israel conflict worsens as each tries to shape the next US nuclear deal

Israel's cyberattack against the Natanz nuclear facility in Iran, maritime attack against the Saviz vessel in the Red Sea, and airstrikes against Iranian-linked assets in Syria all point to a more intense phase of conflict with Iran that coincides wi...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 12 April 2021
Iran and Israel conflict worsens as each tries to shape the next US nuclear deal
Iran and Israel conflict worsens as each tries to shape the next US nuclear deal

Oil price rally turns GCC fiscal balances positive for now, reform still a must

However, the oil price rally does not herald a new paradigm on which to base an investment strategy over the next one to three years: OPEC+ discipline is fragile (and highly dependent on Saudi), demand recovery post-Covid is likely to be a stuttering...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 8 March 2021
Oil price rally turns GCC fiscal balances positive for now, reform still a must
Oil price rally turns GCC fiscal balances positive for now, reform still a must

Oil: The cheapest oil exporter equity markets

Covid-19 second waves, the reliance on Saudi unilaterally shouldering the burden of marginal output restraint, and the fragile nature of Saudi-Russia cooperation tempers our optimism on oil relative to other commodities with secular demand drivers (e...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 8 January 2021
Oil: The cheapest oil exporter equity markets
Oil: The cheapest oil exporter equity markets

EM sovereign bond issuance highest since April, but High Yield still lags

EM hard currency sovereign bond issuance jumped to US$26.2bn in November, more than twice the level in October, and the highest monthly volume since the market reopened in April. That is, the average run rate over the last four months has essentially...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 1 December 2020
EM sovereign bond issuance highest since April, but High Yield still lags
EM sovereign bond issuance highest since April, but High Yield still lags

Oman personal income tax a precedent for others in the GCC

It should be no surprise that Oman is attempting to increase fiscal revenue from tax given persistent low oil prices is pushing its fiscal deficit to 18% and 17% in 2020 and 2021, respectively, according to IMF forecasts. But the pace of introduction...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 2 November 2020
Oman personal income tax a precedent for others in the GCC
Oman personal income tax a precedent for others in the GCC

Saudi and GCC ugly fiscal truth from low oil prices

At least, most in the GCC region are forecast to bring down their fiscal breakevens in 2021, eg Saudi drops from US$78 (with a c11% fiscal deficit) in 2020 to US$68 (6% fiscal deficit) in 2021. Saudi and GCC currencies: Drop the pegs while FX reserve...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 20 October 2020
Saudi and GCC ugly fiscal truth from low oil prices
Saudi and GCC ugly fiscal truth from low oil prices