Oman's new sultan faces 'balancing act' as credit crunch looms


  • World
  • Wednesday, 15 Jan 2020

FILE PHOTO: Sultan Haitham bin Tariq al-Said gives a speech after being sworn in before the royal family council in Muscat, Oman January 11, 2020. REUTERS/Sultan Al Hasani/File Photo

DUBAI (Reuters) - Holders of more than $20 billion of Oman's dollar bonds want the new sultan to push through urgent reforms to ward off a credit crunch in the Gulf's worst performing economy.

The swift appointment of Haitham bin Tariq al-Said after the death on Friday of Sultan Qaboos bin Said reassured investors, as some had feared a protracted succession that could have exposed Oman to external interference.

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