The current slowdown in the UAE real estate market should be seen as a minor correction as opposed to a major crash, according to a Middle East property expert.
The Sultanate’s total crude oil and condensates production in January 2016 declined by 0.05 per cent against December 2015 to touch 31,198,660 barrels, which is equivalent to 1,006,408 barrels per day.
The International Air Transport Association (IATA) announced global passenger traffic results for 2015 showing demand (revenue passenger kilometers or RPKs) rose 6.5% for the full year compared to 2014.
Bank Nizwa successfully provided over 700 training and development opportunities in 2015 designed to nurture the next generation of Islamic Banking leaders.
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.