28 C
Muscat, OM
Friday, October 19, 2018

Moody’s: SME lending landscape will continue to evolve in 2016

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.

Fuel subsidy needs revision, World Bank studies say

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.

SGRF, OIF, OOC and TANMIA plan OMR 100 mln mining venture

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).

Crude oil prices surge on rising Mideast tensions

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.

Maximising opportunities

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.

Preserving biodiversity in Oman

The National Plant Agrobiodiversity Conservation Strategy is an ambitious stride towards understanding the value of agrobiodiversity and its importance in contributing to the overall development of ecosystem, environment and food security in Oman.

Oman approves 2016 Budget, to slash subsidies as low oil prices...

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: IMF chief

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.

Steps to rationalise Oman’s budget deficit will continue: FM

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.

Crude oil declines as Iran seeks to boost exports

Oil slid from the highest level in three weeks, snapping the longest run of gains since April as Iran repeated its goal of boosting exports after sanctions on the country are lifted.
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