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Oman aviation group, Transom company have been dissolved: Finance ministry

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Oman Aviation Group and Transom company have been dissolved and their subsidiaries and tasks distributed to Oman Air and Oman Airports Management Company, the finance ministry said in a tweet on Saturday, citing Finance Minister Sultan al-Habsi.

“The measures of resolving the two companies won’t impact shareholders’ commitments to them because the accompanied change to this measure will only be in structure,” the minister added.

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Oman expects to have a 2021 budget deficit of about 2.2 billion rials ($5.7 billion), and plans to borrow from domestic and international markets to help plug the gap, according to a Twitter posting on Friday by the state-run Oman News Agency.

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