Oman weighs costs of bailout from Gulf neighbors
Gulf countries might step up to keep Oman’s public finances afloat, but experts warn strings may be attached.
The erosion of Oman’s fiscal balance was discussed during high-level political meetings attended by Gulf officials, Bloomberg revealed. "Nothing has been decided," but the sultanate could seek financial assistance from its neighbors, the June 11 report mentioned.
Analysts warn such support could come with a price with regard to Oman's trademark independence in handling regional affairs. In recent years, the country stayed out of a Saudi-led military intervention in Yemen and an ongoing embargo imposed on Qatar by Saudi Arabia and the United Arab Emirates (UAE).
