Daily Archives: October 24, 2020

This Week’s Economic Bulletin

Omani Rial Exchange Rate Index Falls 2.2pc

Muscat, The effective exchange rate index of Omani Rial fell by 2.2% to 103.5 points as of the end of August 2020 compared to 105.6 points in the same period of 2019.

The Sultanate registered …

Oman Air Resumes Flights to Kuwait, Bahrain and Colombo

Muscat, Oman Air, the national carrier of the Sultanate of Oman, will provide scheduled service to Kuwait, Bahrain and Colombo, starting from tomorrow Sunday 25 October.

The airline will operate 2 weekly flights to Kuwait, 2 to Bahrain and 2 to Colombo.…

Broad Money Supply M2 (M1 plus quasi-money) Rises 11 Pc

Muscat, Monetary aggregates data indicates narrow money (M1) at the end of August 2020 increased by 11.8 percent to RO 5.7 billion on a Y-o-Y basis.

Likewise, quasi-money (Rial Omani saving and time deposits, certificates of deposit issued by banks, margin deposits …

Oman Makes Successful Return To Global Markets, Issue Of International Bonds

Muscat, The Ministry of Finance here said that, within the government’s 2020 Plan for Deficit Funding, the Sultanate has made a successful combeback to global markets by issuing (pricing) two tranches of international bonds maturating in 7 and 12 years, to receive …