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) and a lower chamber or Majlis ash-Shura (82 seats; members elected by limited suffrage, however, the monarch makes final selections and can negate election results; body has some limited power to propose legislation, but otherwise has only advisory powers) elections: last held NA October 1997 (next to be held NA 2000) election results: NA Judicial branch: none; traditional Islamic judges and a nascent civil court system, administered by region Political parties and leaders: none Political pressure groups and leaders: NA International organization participation: ABEDA, AFESD, AL, AMF, ESCWA, FAO, G-77, GCC, IBRD, ICAO, IDA, IDB, IFAD, IFC, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, ISO (correspondent), ITU, NAM, OIC, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO, WTrO (applicant) Diplomatic representation in the US: chief of mission: Ambassador Abdallah bin Muhammad bin Aqil al-DHAHAB chancery: 2535 Belmont Road, NW, Washington, DC 20008 Diplomatic representation from the US: chief of mission: Ambassador John D. CRAIG embassy: Jameat A'Duwal Al Arabiya Street, Al Khuwair area, Muscat mailing address: international: P. O. Box 202, Code No. 115, Medinat Qaboos, Muscat Flag description: three horizontal bands of white, red, and green of equal width with a broad, vertical, red band on the hoist side; the national emblem (a khanjar dagger in its sheath superimposed on two crossed swords in scabbards) in white is centered at the top of the vertical band Economy Economy--overview: Economic performance is closely tied to the fortunes of the oil industry. Petroleum accounts for 75% of export earnings and government revenues and for roughly 40% of GDP. Oman has proved oil reserves of 4 billion barrels, equivalent to about 20 years' production at the current rate of extraction. Agriculture is carried on at a subsistence level and the general population depends on imported food. The government is encouraging private investment, both domestic and foreign, as a prime force for further economic development. In 1998-99 the economy is suffering from weak world oil prices. GDP: purchasing power parity--$18.6 billion (1998 est.) GDP--real growth rate: -8.5% (1998 est.) GDP--per capita: purchasing power parity?$7,900 (1998 est.) GDP--composition by sector: agriculture: 2% industry: 50% services: 48% (1997 e
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