Moody’s Investors Service said that global issuance of green bonds could surpass $50 billion in 2016, exceeding the $42.4 billion recorded in 2015, which was also the highest level for such bonds since they first appeared in 2007.
The Central Bank of Oman (CBO) hereby announced the new issue of Government development bonds (GDB). The size of the new issue is fixed at RO 100 million with a maturity period of 5 years and will carry a coupon rate of 3.5% p.a.
Oil fell on Monday as weak economic data from China, the world’s largest energy consumer, weighed on prices and an Opec source played down talk of an emergency meeting to stem the decline.
The final quarter (Q4) of 2015 echoed the sluggish IPO performance in Q3 proving that 2015 was a volatile year for IPOs in the GCC countries.
Bank Muscat, the flagship financial services provider in the Sultanate, has proposed 30 per cent dividend for the year 2015. Continuing the bank’s strong dividend payment track record, the Board of Directors has proposed 25 per cent cash dividend for the year 2015 which is consistent with the cash dividend paid in the last five years.
To coincide with the annual Arab Health Exhibition & Congress this week, six major investment opportunities in the GCC’s health care market in 2016 have been predicted by EY as being areas of high demand and growth in the region.
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 […]
Bank Muscat, the flagship financial services provider in the Sultanate, reviewed the 2015 performance and outlined its customer-centric future strategies at the annual Leadership Forum attended by the Management and branch leadership.
Moody’s Investors Service has reduced its price estimates for Brent crude and West Texas Intermediate crude amid continued oversupply in the oil markets and the risk of additional supply from Iran.
Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious straight through processing (STP) award from Barclays Bank in recognition of operational excellence in the field of British Pound (GBP) payments processing.