Category: ECONOMY

Fuel subsidy needs revision, World Bank studies say

Lubna Abdulatif, an expert to the World Bank (WB) at the Ministry of Finance said that the Ministry of Finance in collaboration with the World Bank has updated the operations for preparing and implementing the state budget in a bid to enhance the efficiency of public expenditure, reduce the financial risks and affirm the financial sustainability.

Middle East tussle won’t dent Gulf bond plans

Middle East sovereigns are expected to shrug off the feud that has erupted between Saudi Arabia and Iran and go on to place a record amount of debt in 2016, with a debut dollar deal from Saudi still anticipated to be the star of the show.

Oman’s producer price index falls by 26%

Oman’s producer price index (PPI)-based inflation was down by 25.8 per cent in the third quarter of 2015 compared to the same quarter last year, according to data released by National Centre for Statistics and Information (NCSI).

Personal loan grows 7.6% to OMR7b

Total personal loans provided by commercial banks in Oman for the first nine months of 2015 rose to OMR7.164 billion, a growth of OMR508.5 million or 7.64 per cent over December 2014.