United Securities expects a better performance for the Omani corporate compared to the GCC peers, and estimates that real GDP growth will have raised to 6.4% in 2008, owing to stronger export volumes on the back of slightly higher crude oil output. The company assumes that the effects of the current series of enhanced oil recovery projects will begin to be felt from early 2009. Omani banks are still strong, well capitalized, and are not exposed to the crisis affected instruments or institutions.