Establishing Monetary Union in the Gulf Cooperation Council: What Lessons for Regional Cooperation?

Abstract

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Modelling the Impact of Oil Price on Food Imports: Case of Oman

“…The population in Oman increased from 3.04 million in 2010 to 4.63 million in 2017 with a Compounded Annual Growth Rate (CAGR) of 6.20%. Due to the increasing population of Oman, the forecast of United Nation's Food and Agriculture Organization (FAO), indicated that the food imports of Oman are expected to touch $4.8 billion by 2020, when compared to $2.1 billion in 2010, given, that 60% of its food needs are met by international markets (Takagi, 2012). In the current situation, Oman is capable of financing the imports to meet the food security of its population.…”