Category: News

Crude oil prices surge on rising Mideast tensions

Oil prices edged up on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia’s largest economies are struggling.

‘Retail sector has good prospects to flourish in 2016’

‘The 2016 Economic Outlook’ discussion recently hosted at Capital Club, Dubai’s Premier Private City Club and member of the ENSHAA group of companies, and moderated by renowned speaker, advisor and author Dr Tommy Weir, offered members key insights into what to expect in the coming year regarding the region’s economy.

Banking & Finance
Private deposits in Omani banks grow to OMR 11.8b

Private deposits of commercial banks in the Sultanate as at the end of October 2015 rose by 8.10 per cent to OMR11,786.1 million compared to OMR10,902.6 million in the corresponding period last year, according to the monthly statistical bulletin published by the Central Bank of Oman (CBO).