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MSX Posts Growth In Q1

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Muscat: The recently renamed Muscat Stock Exchange (MSX) has announced a positive performance in the first quarter of this year, closing at 3708.71 points. The main...

Agile And Resilient Performance

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The financial year 2020 has been a year of expanding our digital capabilities to deliver increased value from existing services and introducing new services...

Muscat Stock Exchange Enlists 30 New Companies

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Muscat: Muscat Stock Exchange (MSX) announces a new list of 30 companies approved for trading in the same session, starting today. Oman’s stock market, the...

UK Government Borrowing Reaches World War II Level Highs

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In a groundbreaking revelation, the UK Government’s borrowing – the difference between income from taxes and government spending, has hit 14.5% of the GDP,...

10th Five-Year Plan Targets Average 3.5% GDP Growth Rate: Economy Undersecretary

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Muscat: Dr. Nasser Rashid Al-Ma'awali, Undersecretary of the Ministry of Economy has said that the tenth five-year plan will focus on achieving a real...

Muscat Securities Market Renamed As Muscat Stock Exchange

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Muscat: Oman's Muscat Securities Market – or MSM – has been renamed following the issuance of a Royal Decree today . In a Royal Decree...

4 Key Fiscal Reforms That Are Expected To Boost Oman’s Economy

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The Government of Oman has made substantial fiscal adjustments since a sharp decline in oil prices since mid-2014, resulting in the formation of a foundation...
AED17.5 bn in credit facilities to non-residents in eight months

AED17.5 bn in credit facilities to non-residents in eight months

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(WAM) -- Credit facilities provided by UAE banks to non-resident clients rose by AED17.5 bn over the first eight months of the year, statistics...
FAB reports AE7.3 bn in net profit for first nine months of 2020

FAB reports AED 7.3 bn in net profit for first nine months of 2020

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(WAM) -- First Abu Dhabi Bank, FAB, reported AED2.5 bn for Q3-2020, 4 percent up on Q2, with net profit for the first nine...
More stimulus is welcomed – but what’s needed is smarter stimulus

More stimulus is welcomed – but what’s needed is smarter stimulus

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Stock markets are cautiously upbeat that a stimulus package can be agreed in the U.S. before the November 3 election – but even if...