Category: ECONOMY

ECONOMY
dubaimall1
U.S. goods exports to the Arab World dipped in 2015

According to new U.S. Government data analyzed by the National U.S.-Arab Chamber of Commerce (NUSACC), exports of U.S. goods to the Middle East and North Africa (MENA) region fell in 2015 to $67.4 billion from $71.4 billion in 2014, a decline of 5.6 percent. This is the first time since 2010 that sales of U.S. […]

ECONOMY
CBO1
Private deposits at commercial banks rise 4.3 per cent

Private deposits at commercial banks in the Sultanate as at the end of November 2015 rose by 4.3 percent to RO 11,639.5 million compared to RO 11,155.5 million in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).

ECONOMY
SPAR
Oman’s GDP declines by 14 per cent

The Sultanate’s Gross Domestic Product (GDP) at market prices registered a decline of 14.2% over the first three quarters of 2015 at RO 20,088.2 million, compared with RO 23,406.0 million in the same period of 2014.

ECONOMY
Omaneconomy
Oman’s GDP falls 14.2 per cent in first half of 2015

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 […]

ECONOMY
Transformer over orange sky
Oman’s net electricity production rises 13.2 percent Jan-Nov 2015

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).