FEAS Yearbook FEAS Yearbook 2015 | Page 36

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT 2015 OMAN Country Facts • T otal area of Oman is about 309,500 square kilometers, the second largest country in the GCC region after Saudi Arabia and has a long coastline of over 1,700 kilometers • Oman borders Saudi Arabia and UAE in the west; Yemen in the south; the Strait of Hormuz in the North and the Arabian Sea in the East. The capital of the country is Muscat • Strategic location adjacent to Strait of Hormuz, vital transit point for world crude oil movement • Natural resources includes Petroleum, Natural Gas, Copper, Marble, Limestone, Chromium, Gypsum etc., • Major Industries are Crude oil production/ refining, Natural gas, LNG, Cement, Copper, Steel, Chemicals, Agriculture, Fisheries etc., Population: 4.092 million (Mid Year 2014) and the country’s literacy rate is 87% Political system: Monarchy (Sultanate) advised by council of ministers Constitution: Basic Law issued in 1996; latest amended by royal decree in 2011 Currency: Omani Rial (OMR), pegged to US Dollar, 1 OMR = 2.6 USD key CAPITAL MARKETS INFORMATION Market Regular market, parallel & bond markets, third market, OTC Legal Government independent legal entity Regulation Self Post-trade institutions Muscat Depository & Reg. Co SAOC (MDSRC) Instruments Shares, commercial & government bonds, Mutual funds Settlement and clearing Book entry / Electronic clearing linked with MDSRC Securities Market Regulations Regulatory institutions, exchange, and market participants jointly Surveillance Electronic Trading Rules Exchange responsibility key economıc data GDP ANNUAL GROWTH (%) INFLATION (%) 14 14 12 12 10 10 8 8 6 6 Oman is a member of GCC, UN, IMF, IBRD, Islamic Development Bank, FAO, WTO, WHO, NAM etc. 2 0 2 Oman is an open economy with oil and gas forming a significant portion in public finance. As per official figures, the real GDP has increased by 4.4% in 2014. The country has a well regulated banking system and an established capital markets. 4 4 DEBT TO GDP (%) 2008 2010 2012 2014 GDP PER CAPITA (PPP) 40 50k 35 45k 30 40k 25 35k 20 30k 15 25k 10 20k 5 15k 0 10k 1990 34 2006 2002 2004 2006 2008 2010 2012 2014 1995 2000 2005 2010 1980 1985 1990 1995 2000 2015 2010 FULL MEMBERS