Professor Comments: This week's outside reading is about the country of Oman. For those unfamiliar with this country, go look it up on a map. As a country Oman is very interesting because they have a history of minding their own business. They have signed peace agreements with both Israel and the Palestinians. Like many oil producing countries, they are on the brink of financial difficulties. The importance of this topic for those engaged in import and export is that countries in financial difficulty pose a risk for anyone doing business with firms doing business with firms in a financially troubled country. As you read this article, think of what we have studied in this course that you could use to protect your firm when doing business in a country like Oman.

Oman's New Income Tax Will Offer a Test Case for the Arab Gulf

Nov 3, 2020 | 21:44 GMT. Source: https://stratfor.com/article/oman-s-new-income-tax-will-offer-test-case-arab-gulf. Accessed on November 16, 2020.

\fProjected Public Weakh in the GCC (Pre Pandemic) nearly 2020, the MMIF 800 PERCENT OF GDP projected that the Gulf Cooperation Courci (CCC)'s net wealth would 400 tu negative by ground 2030 I its member states clc rot significarily O change their fiscal -100 polic'es The Cov -9 Kuwait percemic and its impact -400 UAE on energy prices have Qatar Ilikely accelerated that Saudi Arabia time Time since the below Bahrain projections were made - -BOO especially for the COC's SOman poorest state, Omar. 1200 2010 2020 2030 2040 2050 Source: International Monetary Fund