Category: News

U.S. goods exports to the Arab World dipped in 2015

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 rise 4.3 per cent

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).

Banking & Finance
Bank Muscat Board proposes dividend for 2015

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.

Oman’s GDP falls 14.2 per cent in first half of 2015

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 […]