Oman gets good Marsh rating

MUSCAT: Oman has obtained an average score of 60-69 in political and economic risks in the ‘political and economic risk map’ for 2017 issued by Marsh, a company specialised in insurance and global risk management.
“This rating is good for the Sultanate; there is a possibility to improve the rating, which will help in attracting investment,” said Suleiman bin Gharib al Shaibani, Head of Promotion and Marketing, Acting Head of External Credit Department at Export Credit Guarantee Agency of Oman (Credit Oman). According to him, businessmen, foreign investors and international investment funds depend on this classification, which classifies the index of economic and political risks of countries.
He said senior businessmen and investors do not infuse funds without knowing the country’s profile.
“For large companies with branches around the world, understanding the risks that might occur in countries is a necessary and important requirement to take appropriate measures to maintain financial stability of the company,” he said.
He said Credit Oman was working on reading, analysing and relying on these maps to give Omani exporters accurate information about buyers around the world. — ONA