All indicators for brighter outlook of Oman's economy in 2022.

With Oman's government finances improving on higher oil prices in 2021 and average oil prices likely to be much higher than the levels estimated in the 2022 budget, coupled with state incentives for businesses, there is a brighter outlook for the year ahead.

The price of Oman oil on Monday exceeded US$92.

'Oman oil price (April 2022 delivery) was US$92.24, comprising an increase by US$1.35 from the price of last Friday, which was US$90.89,' ONA stated.

To boost the economy, several government bodies have slashed or cancelled fees...