Category: ECONOMY

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.

India’s Power Sector Outlook Remains Negative

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.

Muscat bourse records fall in trading volume

Total trading volume on the Muscat Securities Market (MSM) in the first nine months of this year amounted to OMR946.5 million, a fall of 44.7 per cent from its level in the same period last year, which stood at OMR1.7 billion.

Oman economy to grow at 4.4pc during ’15: IMF

The International Monetary Fund (IMF) has projected the Sultanate’s economic growth at 4.4 per cent during 2015, up from 2.9 per cent the previous year. This comes alongside rating agency Standard and Poor’s estimation on Wednesday of the Gross Domestic Product (GDP) growth by 3.4 per cent during 2015-18, second to Qatar among the Gulf […]