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SAUDI FOREIGN MINISTRY WELCOMES UN CEASEFIRE CALL FOR SUDAN DURING RAMADANForeign Assets at CBO Rise in 2023

Saudi Arabia’s foreign ministry on Saturday welcomed the UN Security Council’s adoption of a resolution calling for a ceasefire in Sudan during Ramadan.

‘We renew the call for all Sudanese parties to adhere to the outcomes of the Jeddah talks,’ the ministry said in a statement posted on X on Saturday.

The Kingdom expressed its hope that all parties in Sudan will adhere to the Security Council resolution in a way that preserves Sudan and the lives of its people, the statement added.

Jeddah last year hosted a series of talks between the warring factions – Sudan’s regular army and the rival paramilitary Rapid Support Forces – hoping to find a solution to the conflict, which has displaced over three million people, including more than 700,000 who have fled to neighboring countries.

Talks have been suspended after numerous ceasefire violations by both sides.

Source: National News Agency – Lebanon

Muscat: Statistics issued by the National Centre for Statistics and Information (NCSI) show that the total foreign assets at the Central Bank of Oman (CBO) rose by 0.1% to RO 6,734.1 million by at the end of 2023, compared to the corresponding period in 2022, when it was RO 6,727.5 million.

On the other hand, the Narrow money supply (M1), which consists of the total cash outside the banking system in addition to current accounts and demand deposits in the local currency, increased by 6.6%, recording RO 5,981.1 million, compared to RO 5,611.5 million, at the end of 2022.

Initial data issued by the NCSI showed that broad money supply(M2)at the end of 2023 stood at RO 23,001.8 million, an increase of 13.1% compared to the corresponding period in 2022.

Narrow money supply, which consists of total cash outside the banking system in addition to current accounts and demand deposits in local currency, increased by 6.6% to RO 5,981.1 million, compared to RO 5,611.5 million at the end of 2022.

Meanwhile, private se
ctor deposits in commercial banks and Islamic windows at the end of 2023 stood at RO 19,205.1 million, up by 10.6% compared to the corresponding period in 2022 (RO 17,360 million).

Total loans and financing in commercial banks and Islamic windows grew by 4.3% at the end of 2023 to RO 30,475.6 million, compared to RO 29,223.2 million.

The average interest rate on total credit increased 2.5% at the end of 2023 by 5.513%, while the actual exchange rate index of the Omani Rial stabilized at 114.3 points at the end of 2023.

Source: Oman News Agency