Country Overview

Oman also is known as The Sultanate of Oman is a middle eastern country which shares land borders with the United Arab Emirates to the north, Saudi Arabia to the west and Yemen to the south. Oman is located on the southern-eastern part of the Arabian Peninsula.

General Information:

Capital: Muscat

Language: Arabic (official), English, Baluchi, Swahili, Urdu, Indian dialects

Religion: Muslim 85.9%, Christian 6.5%, Hindu 5.5%, Buddhist 0.8%, Jewish <0.1%, other 1%, unaffiliated 0.2% (2010 est.)

Currency: Omani Rial

Cryptocurrency: Oman has yet to recognise cryptocurrency. Given that the value of cryptocurrency is volatile and subject to change, it is hard to determine a stable benchmark.

The Central Bank of Oman (CBO) board has even issued a warning to the general public against investing in cryptocurrencies like Bitcoin.

GMT: (+) 2

The oldest independent state in the Arab world, Oman is one of the more traditional countries in the Gulf region. The country has so far been spared the militant Islamist violence that has plagued some of its neighbours, but has had political issues. 

 

Subscribe to receive Proelium Law report updates as they’re released

Need advice?

Contact us to discuss your requirements and how we can help