Oman Borrows 600 Million Rials from Sovereign Fund
Monday, 5 April, 2021 - 10:30 The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, US. REUTERS/Yuri Gripas Dubai – Asharq Al-Awsat Oman has borrowed 600 million rials ($1.56 billion) from its sovereign fund, the Oman Investment Authority, and another 1.77 billion rials through external and internal borrowings to partly finance its 2021 budget, the finance ministry said. The total borrowing of 2.37 billion riyals is 56 percent of the 4.2 billion rials worth of financing require...