Oman’s nominal gross domestic product (GDP) fell 14.2 per cent during the first half of 2015, compared to the same period last year, due to lower crude oil prices in global markets and subdued global growth, according to the monthly report issued by the Central Bank of Oman (CBO). The petroleum sector (in GDP) declined […]
The Sultanate’s net electricity production by the end of November 2015 registered a growth of 13.2% year-on-year reaching 30,296.9 GW/H from 26,771.9 GW/H over the same period of 2014, according to the data released by the National Centre for Statistics and Information (NCSI).
Moody’s Investors Service has reduced its price estimates for Brent crude and West Texas Intermediate crude amid continued oversupply in the oil markets and the risk of additional supply from Iran.
Moody’s Investors Service has placed the ratings of 120 oil & gas companies and 55 mining companies on review for downgrade.
The International Monetary Fund warned of substantial risks in the major emerging market economies on Tuesday as it lowered its outlook for global economic growth this year.
Standard & Poor’s Ratings Services said today that overall sovereign creditworthiness in the Middle East and North African (MENA) region has deteriorated since Standard & Poor’s last published six months ago.
2016 has started slowly for the high-yield bond market in Europe, the Middle East and Africa as the positive effect of continued euro area quantitative easing is offset by Chinese stock market volatility and continued downward pressure on commodity prices, says Moody’s Investors Service in the October edition of “High Yield Interest — European Edition”.
Plunge of oil prices by 70% during the last 18 months and the non-encouraging indicators about oil price re-hike forced a number of countries to take certain measures to rectify their financial conditions, according to Mustafa Ruwais, an international economic.
The Sultanate’s total production of crude oil and condensates amounted during 2015 to 358,097,807 barrels, a daily rate of 981,090 barrels.
Moody’s Investors Service, (“Moody’s”) has assigned a provisional (P)A3 rating to the proposed OMR50 million equivalent sukuk notes to be issued by First Issue S.A.O.C., (“First Issue”), a 99% owned subsidiary of Oman Telecommunications Company S.A.O.G. (“Omantel”, A3 stable).