Oman’s trade balance during the first seven months of 2015 registered a surplus of OMR1,581.3 million, despite the decline of 31.7 per cent in exports during the period.
While banks in many countries have improved their capitalization and strengthened their balance sheets, risks — including weakening asset quality in emerging markets — could derail progress, according to Moody’s Investors Service in its just-published report “Global Banking 2016 Outlook: Macro Challenges, Regulation Will Offset Improved Fundamentals.”
Bahwan Projects & Telecoms [BPT], one of the flagship companies of Suhail Bahwan Group, won the “Best Exhibitor Award” at the recently concluded Oman Geospatial Forum held at Sultan Qaboos University.
Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to partnership in supporting youth to embark on entrepreneurial ventures, launched al Wathbah Academy in Salalah. The first intake of the academy include 15 youth from Dhofar region who will undergo 8-months training programme.
Petroleum Development Oman (PDO) has launched an industry-first investigation into the welfare of 30,000 employees in its contractor community.
The government has identified tourism as a sector with strong growth potential and a key source of jobs for Omani nationals, while a steady increase in arrival numbers is demonstrating growth in Oman’s tourism industry, according to a new report from the country’s National Centre for Statistics and Information (NCSI).
Oil fell for the third time in four days as ministers from the Organisation of Petroleum Exporting Countries (Opec) arrive in Vienna to discuss production policy.