Tag: economy
OPEC+ meeting: Oman oil minister Rumhi sceptical about oil outlook
His Excellency Mohammed bin Hamad al Rumhi, Oman’s Minister of Oil and Gas, today said that though no deeper oil output cuts were discussed...
Oman to witness an annual food consumption growth of 4.6% until...
The GCC Food Industry Report, published by Alpen Capital (ME) Limited – an investment banking advisory firm – forecasts steady growth for the food...
US-China trade war: Middle East air freight volumes see sharp decline
An International Air Transport Association (IATA) data report shows that the global air freight market contracted by 3.2% in July this year, compared to...
Oman Housing Bank issues more than OMR26.8mn worth of loans in...
Oman Housing Bank (OHB) has said that the total number of approved loans, supported by the government, reached 630 loans during the first half...
Saudi Aramco mulling two-stage IPO, might choose Tokyo for phase two
The state-owned Saudi Aramco might be considering a two-stage initial public offering (IPO) with a domestic debut and a subsequent international listing possibly in...
Oman’s state budget deficit sees 53% drop in first half of...
The Sultanate’s state budget deficit has seen a 53% drop with the deficit at OMR 0.66bn (660mn) as compared to OMR1.4bn for the same...
New floating LNG import terminal on India’s east coast by 2022
India’s sixth LNG import facility will be a floating terminal with a 1.0 million mt/year capacity on its eastern coast, at the port city...
Natural gas key catalyst to fuelling Oman’s economy
Natural gas is rising as a key catalyst to the growth of Oman’s economy, according to Central Bank of Oman’s (CBO) annual report released...
Healthy economic outlook for Oman over medium term, says CBO report
Oman’s economic outlook appears to be healthy over the medium term aided by thriving non-oil economic sectors and new enabling policies, including those that...
CBO rises OMR55mn through treasury bills
The Central Bank of Oman (CBO) raised OMR55mn by way of allotting treasury bills yesterday. The bills have a maturity period of 91 days,...
