Oman introduces long-term residencies for foreign investors ...Egypt

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June 23 (Reuters) – Oman will start granting long-term residence visas to foreign investors, state media said on Wednesday, as the debt-burdened Gulf state pursues wide-ranging reforms to fix its shaky finances. The move to offer renewable five or ten-year residency visas echoes moves by neighbor the United Arab Emirates in recent years to offer longer-term residencies and recently, even citizenships, to investors and certain professionals. Non-citizens in Gulf Cooperation Countries usually have renewable visas valid for only a few years tied to employment. In the era of lower oil prices and economic diversification away from hydrocarbons, states are looking to retain residents and their fam

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