Oman awaits Bulgarian arbitration

With a demand for payment said to be worth E150m ($164m), Oman’s sovereign wealth fund is seeking redress over failed investments in Bulgaria, focusing on the 2014 collapse of Corporate Commercial Bank (Corpbank). The case says much about the uncertain investment climate that prevailed in the years after communism’s fall, in a country former economy minister Ahmed Makki said could become Oman’s gateway into the rest of the European Union.