According to new U.S. Government data analyzed by the National U.S.-Arab Chamber of Commerce (NUSACC), exports of U.S. goods to the Middle East and North Africa (MENA) region fell in 2015 to $67.4 billion from $71.4 billion in 2014, a decline of 5.6 percent. This is the first time since 2010 that sales of U.S. […]
Private deposits at commercial banks in the Sultanate as at the end of November 2015 rose by 4.3 percent to RO 11,639.5 million compared to RO 11,155.5 million in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
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.