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).
More than 150 governments and international organisations will come together for the World Government Summit, organised by the UAE government in Dubai from February 8 to 10, 2016, to share knowledge and experiences in the efforts to improve government work and offer better services to humanity.
The funding landscape for small and medium-sized enterprises (SME) and mid-caps will continue to evolve in 2016, says Moody’s Investors Service in the new issue.
According to the U.S. Labor Department, the payrolls surged in December and the job count for the prior two months was revised sharply higher.
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.
Oil production in the Sultanate of Oman registered a decline by 0.3 per cent in November 2015 as compared to the previous month.
David Bloom, Global Head of FX Strategy, HSBC thinks that a US Fed rate hike will not affect global markets as it has been anticipated and priced in.