Persistently low oil prices continue to pressure the funding environment for banks across the Gulf Cooperation Council (GCC) countries, says Moody’s Investors Service in a report published today.
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According to a recent report published in a news agency, Oman will encourage households to generate electricity with solar panels and feed it into the national grid, Qais al-Zakwani, executive director of the Authority for Electricity Regulation, said.
The Indian government unveiled a fire-fighting budget on Monday. Finance Minister Arun Jaitley’s third budget marked a strategic shift by addressing rural distress in a country of 1.3 billion, where two-fifths of families rely on farming and are reeling from two years of drought.
Finance Minister Arun Jaitley will present his third budget for the Narendra Modi government. Jaitley faces a tough task of balancing the needs of farm sector as well as the industry as he seeks to garner resources to boost public spending for higher growth amid global economic upheaval.
The 2016 budget aims to stimulate economic growth and spending on high-priority socio-economic and development projects, while continuing to provide support and a positive environment for growth and investment in the private sector.
The Committee in charge of studying and fixing the sale price of oil products in the Sultanate on Monday held a meeting and approved a number of procedures including the new pricing for oil products (regular, super and diesel).
On Saturday, Oman government announced its state Budget for the year 2016. The total revenue of the country was down by 4 cent estimated at OMR8.6 billion.
Power is an intangible construct and means different things to different people. Simply put, it is an ability to influence people and events. Power is also a measure of success and a look at OER’s 50 Most Influential People in Business underscores the point.
The cream of Oman’s corporate world, including business leaders, head honchos and top managers attended the OER CEO Golf 2015 which took place at Muscat Hills on 4th December followed by a gala dinner and prize distribution ceremony on December 5 at InterContinental Gardens.
The Sultanate, full of pride and trust, celebrates the 45th Glorious National Day on Wednesday. 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.