Stress in credit, money markets has abated: CBO.

Times of Oman (Muscat, Oman) | November 9, 2009 | Copyright

Byline: Vinod Kumar PK

MUSCAT Eoe1/4" The oil and gas sector continues to play a predominant role in the overall economic performance of Oman accounting for over 50 per cent of nominal gross domestic product (GDP), almost 80 per cent of net fiscal revenue and around 75 per cent of export earnings, Central Bank of Oman (CBO) Chief Executive Officer Hamoud bin Sangour Al Zadjali, told Times of Oman.

Eoe1/4EoGiven the large contribution of the petroleum sector to OmanEoe1/4aos economy, the price of oil plays an important and crucial role in economic activity ...

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