Category: ECONOMY

Oman’s Shura discusses draft budget, 9th plan, oil price fall impact

Majlis Al Shura hosted Darwish bin Ismail Al Balushi, Minister Responsible for Financial Affairs, Deputy Chairman of the Financial Affairs and Energy Resources Council, Dr. Ali bin Masud Al Sunaidy, Minister of Commerce and Industry, Deputy Chairman of the Supreme Council for Planning, and Sultan bin Salim Al Habsi, Secretary General of the Supreme Council for Planning, to discuss 2016 draft budget and draft 9th five-year plan (2016-2020).

Market capitalisation of bonds, sukuk crosses OMR1.8b

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.

national day
Oman celebrates 45 years of glorious achievements

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 receives greetings on 45th Glorious National Day

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.

Oman’s non-oil GDP grows 3.7% in first half

Gross domestic product (GDP) for non-oil sector in the first half of 2015 recorded a growth of 3.7 per cent to reach OMR8,949.0 million compared to OMR8,626.0 million in the corresponding period of 2014, official statistics showed.

No Annual Increment for Non-performing Employees: Pay Panel

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.