Daily Archives: June 27, 2020

The Sultanate’s Hotel Revenue Falls by 42.2 Percent

Muscat, The total revenue of Omani hotels in the three-to-five-star category fell by 42.2% to RO55.18 million till the end of April 2020 compared to RO95.48 million for the same period of the previous year.
Hotel occupancy rates fell by 36.6% to …

Islamic Banking Entities Provide Financing of RO4.1 Billion till April 2020

Muscat, The Islamic banking entities provided financing of RO4.1 billion at the end of April 2020, recording a growth of 8.9 percent over that a year ago.
Total deposits held with Islamic banks and windows increased by 7.7 percent to RO3.5 billion.…

This Week’s Economic Bulletin..

Muscat, The combined balance sheet of conventional banks denotes an annual growth of 2.2 percent in total outstanding credit as on end-April2020. Conventional banks’ credit to the private sector increased by 1.1 percent to RO19.1 billion.
Conventional banks’ overall investments in securities …

MSM Index Posts Growth For Second Consecutive Week

Muscat, The Index of Muscat Securities Market (MSM) gained 10 points and closed at 3,525 points last week, maintaining a rising trend for the second week in a row. The stock market benefited from vested interest in purchasing shown by local and …