DUBAI- Oman’s ruler Sultan Haitham bin Tariq al-Said has issued a decree to set up a new tax administration system, state media reported on Tuesday.

Oman has piled up debt in recent years, raising concerns over its sustainability, especially with the slow pace of fiscal and economic reform.

(Reporting by Aziz El Yaakoubi; Editing by Alex Richardson) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))