The funding landscape for small and medium-sized enterprises (SME) and mid-caps will continue to evolve in 2016, says Moody's Investors Service in the new issue.
Lubna Abdulatif, an expert to the World Bank (WB) at the Ministry of Finance said that the Ministry of Finance in collaboration with the World Bank has updated the operations for preparing and implementing the state budget in a bid to enhance the efficiency of public expenditure, reduce the financial risks and affirm the financial sustainability.
The State General Reserve Fund (SGRF), Oman Investment Fund (OIF), Oman Oil Company (OOC) and Oman National Investments Development Company (TANMIA) have initialed a Memorandum of Association of Mining Development Oman (MDO).
Oil prices edged up on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia’s largest economies are struggling.
A roundtable discussion on ‘In Country Value – Challenges and Opportunities’ organised by Nama Group calls for identifying and tapping the potential of ICV in the electricity sector and for more concerted efforts by the government and corporates to support SMEs.
Oman’s government has approved the 2016 General Budget with a deficit of 3.3 billion riyals. Darwish Al Balushi, the Minister Responsible for Financial Affairs, said that the total revenues for 2016 are estimated to 8.6 billion riyals, while expenditure is estimated to 11.9 riyals in 2016.
Global economic growth will be ‘disappointing’ next year, the head of the International Monetary Fund (IMF) said in a guest article for German newspaper Handelsblatt’ published on Wednesday.
Measures for rationalising expenditure are being taken and the ministries are cooperating fully as they understand the problem, Darwish bin Ismail Al Balushi, Minister Responsible for Financial Affairs, told reporters in Muscat.