Ramadan was Good for Business in Oman – An Economic Upturn during the Holy Month

The popular national news provider the Times of Oman recently reported that the economy of Oman enjoyed an upward surge during the holy month of Eid. The chief economist at the Oman Investment Fund, Fabio Scacciavillani, added that Ramadan is an important month in earning profits since the consumption patterns of the market are seen on the higher side during the festival month, similar to Christmas in the West. The article mentioned that consumers have a higher tendency to travel during the month as well. Options available for travellers include everything from vacationing in the mountains of Oman to staying in one of the luxurious hotels in Salalah where you will find renowned international brands such as Al Baleed Resort Salalah by Anantara. It was also highlighted that Ramadan was a profitable time for car dealerships, as sales appeared to have increased despite the recent economic slump. The residents of the Sultanate reportedly have enjoyed excellent offers on gifts, clothes, travel bookings and vehicles as well.