Tag: economy
MSX Posts Growth In Q1
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
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
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
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
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
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
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
(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 AED 7.3 bn in net profit for first nine months of 2020
(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
Stock markets are cautiously upbeat that a stimulus package can be agreed in the U.S. before the November 3 election – but even if...