The location, either onshore or offshore where oil wells are found.

The gap between the potential and actual GDP of a country. If the actual output is higher, the gap is referred to as an inflationary gap. If it is lower, it is

Stated by US economics professor Arthur M. Okun, the law defines the relationship between a fall in Gross National Product and unemployment. It states that unemployment increases by one percent for every

Economies having their roots in the Industrial Revolution and the bulk manufacturing of physical goods, whose objects are valued based on their physical properties. These include the energy sector, the steel and

A nonfraternal insurer who operates on the basis of a legal reserve is referred to as the old line.

A commodity market controlled by a few producers, typically resulting in higher prices for consumers.

A market that is dominated by a small number of competitors, who hold a large market share between them.

A market in which a small number of businesses compete almost exclusively with each other.

This fund was created by the Sultan of Oman in 2006 to aid the economic development of Oman. The fund has been invested in a combination of private equity, public equity, and

Appointed by governments to investigate complaints from citizens against large organizations (e.g. public bodies, corporations, the media). Typically, ombudsmen have wide-ranging investigative authority, but their punitive powers tend to be limited.

Failure to complete a duty or task, usually as a result of apathy, complacency or neglect.

Something that has been left out or not included (either deliberately or through neglect).

Also known as a Passed Dividend, a dividend that has not been declared as expected.

An account held in the name of a Futures Commission Merchant (FCM) that combines the transactions of two or more other individuals. Compare with Fully Disclosed Account.

Acting in the place of someone else.

Common term used in shipping documents, such as bills of lading. Its use is not standardized, but the term usually means that the goods have been “received for carriage”. This may or

When spending is within previously established limits.

On a bill of lading, this notation refers to goods carried on the deck (i.e. not in the hold), exposing the goods to water damage from rain and the sea. Letter of

Using advanced printing technology, ODP can produce a commercial quality print run of up to a few hundred copies in just a few hours.

This is when a securities broker funds a portion of a client’s purchase, with the client paying the rest. The broker keeps the purchased securities as collateral.