Annual inflation measured by movement in the average consumer price index (CPI) in Oman stood at 0.21 per cent during January-September 2015 against the corresponding period in 2014.
Market capitalisation of bonds and sukuk traded on the Muscat Securities Market (MSM) has crossed OMR1.8 billion, reflecting a continuation of the growth the bourse achieved over this year after listing the first OMR250 million worth of sovereign sukuk issued by the Sultanate’s Government.
The Sultanate, full of pride and trust, will celebrate Wednesday the 45th Glorious National Day. The blessed modern Renaissance is continuing its endeavours to achieve more progress and prosperity for the Sultanate under the wise leadership of His Majesty Sultan Qaboos.
His Majesty Sultan Qaboos bin Said has received cables of greetings from State Council Chairman Dr. Yahya bin Mahfoudh Al Mantheri, Majlis Al Shura Chairman Khalid bin Hilal Al Ma’awali, Minister Responsible for Defence Affairs Sayyid Badr bin Saud bin Harib Al Busaidi and Lt-Gen. Hassan bin Mohsen Al Shraiqi, Inspector General of Police and Customs, on the occasion of the 45th Glorious National Day.
Global trade flows have fallen dangerously close to levels usually associated with a global recession, although actions taken by China and others should ensure a pick-up in 2016, the Organisation for Economic Co-operation and Development (OECD) said in a report on Monday.
Central government employees should not be allowed to earn annual increments if they fail to meet performance criterion, the Seventh Central Pay Commission has recommended even as it sought upgradation of performance benchmark to “very good” from “good” level.
Oman’s nominal gross domestic product fell 14.2 per cent to OMR13.552 billion from OMR15.791 billion for the same period last year as weak crude prices took a toll on the oil sector.
According to Standard and Poor’s Ratings Services, the fast-growing Islamic finance industry is set to slow down next year over the sharp fall in oil revenues and rapid regulatory changes.
The outlook for India’s power sector remains negative due to evident structural challenges, Moody’s Investors Service said on Thursday, while assigning a stable outlook for the power sector in the Asia Pacific, except Japan.