Economic situation in Oman

This file is part C of a series concerning the economic situation in Oman. It contains correspondence, reports and accounts relating to:

• A financial crisis and deficit difficulties in Oman
• The repayment to the British Bank of the Middle East (BBME) of their short-term loan of $150-million
• A possible loan from the Union de Banque Arabes et Françaises
• A $50-million loan from the Arab Bank
• A $210-million cash gift, loan and debt write-off from Saudi Arabia
• A Saudi offer of redundant defence equipment to Qais Abdul Munim Al Zawawi
• The possibility of economic assistance from Iran
• Oman’s acceptance of a British Bankers’ team recommendations
• Exchange of letters between Sharif Lutfi and J S Townsend on the latter's five-year financial forecasts
• The resignation of Townsend as the Sultan’s economic advisor; and his replacement by Lutfi
• The replacement of R A Lough as general manager of BBME in Oman
• A decree appointing the Board of Governors of the Central Bank of Oman, including personality reports on the new chairman, Sayyed Tariq Bin Taimur and Dr Yusef Abdul Wahhab
• The quality of the advisors surrounding the Sultan
• A meeting between the Ambassador C J Treadwell and Yahya Omar at Colonel Timothy Landon’s house; and the Ambassador's contacts with French Embassy officials
• Reports on Oman's economy by D E Tatham, by the World Bank, and by the International Monetary Fund (IMF)
• A statement on Oman by IMF board members Jamshid Amouzegar
• The 1975 budget for Oman
• The support given to British contractors by banks
• Money owed to Pauling (Middle East) Limited by the President of the UAE Sheikh Zayed Bin Sultan Al Nahyan; the pressure applied on him by Oman's Deputy Minister of Defence Sayyed Fahar Bin Taimur Al Said
• Pauling’s Midway airfield and road project
• The suspension of work on Mothercat’s civil defence contract for Masirah; the role of Sir William Halcrow & Partners Limited
• A ‘scandal’ described by Rudy Jackli of Petroleum Development (Oman) Limited concerning a contract for pipelines with Mannesman
• The activities of George Wimpey and Company Limited in Oman
• The problems created for Mohsin Darwish and his companies by the crisis
• A visit by Defence Secretary Roy Mason
• Minutes of a meeting of the Treasury and Export Guarantees Committee (ECGD) concerning Oman, and Yugoslavia
• The request of the British Aircraft Corporation for ECGD cover to complete its Air Defence contract
• Foreign Office correspondence between I T M Lucas, T J Clark, R G Marlow of the Trade Department, Ambassador Treadwell and D E Tatham
• A letter from the Foreign Secretary James Callaghan to the UK Director of the IMF in Washington DC
• Items of interest in Oman dated 12 July 1975