Oman will begin issuing long-term residency to foreign investors, the government said Wednesday, as authorities attempt to shore up the Gulf nation's flagging economy. Depressed demand for oil and the coronavirus pandemic have hit the sultanate's finances hard, pushing leaders to seek alternative sources of hard currency. Foreign investors and retirees will be granted the right to long stays in the country under the scheme starting in September, the commerce, industry and investment promotion ministries said in a statement. "The residency period is for a renewable period of five or 10 years," it said, without specifying the required level of investment. Oman has seen
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