Oman’s total budget expenditure fell by 5.8 per cent to RO12,908.2mn in 2016, according to the Central Bank of Oman’s (CBO’s) annual report. As the cut...
The annual report of the Central Bank of Oman (CB), released today, says Oman’s economy is expected to witness a slowdown in 2017, but the country...
Bank Muscat reported net profit of RO84.31mn for the first half of 2017, down from RO90.47mn for the same period in 2016. The bank’s net interest...
Oman’s Capital Market Authority (CMA) has organised a workshop to review the directives for insurance products and an approval mechanism. The event was attended by representatives...
Oman’s Gross Domestic Product (GDP) is expected to grow by 2.5 per cent in 2018, up from 1.5 per cent in 2016, the Euler Hermes Credit...
Al Maha Petroleum Products Marketing Company has bagged two contracts valued at OMR91 million for supplying gas oil to Rural Areas Electricity Company (Raeco) and to...
Oman’s benchmark Muscat Securities Market (MSM) General Index 30 on Wednesday gained 15.76 points, registering a rise by 0.31 per cent to close at 5113.35 points,...
The Special Economic Zone Authority at Duqm (Sezad) has granted Oman Tank Terminal Company (OTTCO) a usufruct right to construct Ras Markaz crude oil storage terminal....
Commercial banks in Oman performed well during the first quarter of 2017 despite the difficult economic challenges facing the global banking sector. Net profits at the...
Oman’s average annual inflation based on consumer price index (CPI) during January- March 2017 period stood at 2.33 per cent mainly due to revision in fuel...
